The secular precious metal bull market is over. Fundamentally inverse are two shocking and positive headlines I did not expect to see in 2013:
- The Return of State Surpluses Could Point to More Growth to Come (Daniel Gross)
- Fannie Mae reports record profit in 2012 (Calculated Risk)
“The past relationship between the PMI™ and the overall economy indicates that the average PMI™ for January through March (52.9 percent) corresponds to a 3.3 percent increase in real gross domestic product (GDP) on an annualized basis.” ISM
- “First the supply of natural gas into the US market looks likely to continue flat or increase slightly during 2013 with new production, processing and transportation infrastructure coming online…The implication for the summer of 2013 is that gas prices will have to fall again to keep the storage surplus in check.” (RBN Energy).
- “Natural gas output dropped notably in January.” HAI