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Ian McAvity states in his May 2011 newsletter: “Global equity markets topping out, European banks about to drag US banks with them, and US housing ‘recovery’ still years away…The second half of the 2007/09 bear may be getting underway.” We will ask Ian about his double dip concerns and what he thinks that will mean for precious metals and the mining shares near term and longer term. Does Ian think the 2009 lows will be taken out? With housing prices falling in spite of massive stimulus and with all of the past debt still remaining on the books, what are the prospects for a hyper inflation?
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