For the past two years at this juncture, the Precious Metals Sector has risen sharply in a month-long up cycle for Silver and with the high inflation expectations going forward a similar ramp up for the Precious Metals Sector is a real possibility.
Inflation Expectations
the under-40 crowd expects inflation to hit 3.8% a year from now,
the 40-60-year-olds expect inflation of 4.7% and
the over-60 crowd expects inflation to hit 5.7%
for an average inflation expectations for one year from now of 4.8%.
These inflation expectations tracked by the New York Fed roughly match the inflation expectations tracked by the University of Michigan’s Survey of Consumers, whose latest reading jumped to 4.6%.