Silver Will Be Supported By China Juice In 2023


China is about to re-juice their economy, re-open, and this will affect worldwide market trends in 2023.

When the monetary juice flows from China this reduces stress on the world, it creates demand, lowers the US dollar, and supports the Euro, and worldwide manufacturing improves.

China knows the US yield curve is forecasting recession-like conditions late 2023. US recessions creates a negative worldwide demand effects, and that is the last thing China manufacturing wants coming out of a COVID slump period. Therefore one can expect solid Chinese support for recovery in 2023.

Chart 1 - From Raoul Pal weekly free GMI report. China's credit impulse leads world manufacturing (PMI).

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Chart 2 - Silver large drawdowns of silver COMEX stocks must eventually put higher pressure on price. Silver is an in-demand commodity for green energy technology like solar.

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Chart 3 - Silver long-term cycles (black) are bullish, while short-term cycles are ready to turn higher (green).

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