The neutral price of gold (derived from Shanghai gold premiums) and the neutral price of copper (derived from Chinese scrap copper premiums). Gold is outperforming copper Read More
The next stage will be QT and rate cuts. Bond yields rising and fed funds rate dropping means uninversion of the yield curve. That is bullish gold. Read More
Yellen is about to borrow 1 trillion dollars in Q3. Bond yields will soar.Marc Faber expects bond yields to reach 15%.How do we position ourselves? Buy gold! Read More
Recently, the gold price has been rising while gold ETFs were flat. This started in Q4 2022. The gap is about 200 tonnes of gold in GLD.This coincides with central bank gold buying of about… Read More
The natural hierarchy of money starts with gold at the top. Everything else is credit.GoldCurrencyDepositsSecuritiesAs credit expands and contracts, the pyramid grows wider and narrower. In… Read More
Foreign gold deposits at the New York Fed are once again rising. This tells me central banks are buying gold again. And it's not China and Russia, because they wouldn't store their gold… Read More
Copper price average (red) should be slightly above the AISC (green). New copper mines that come online in a few years have costs around $2/lb inflation adjusted Read More
Jim Rickards: The “BRICS+” countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24. This will be the biggest u… Read More
If Q3 2023 doesn't boost oil, then oil is in very bad shape.Citigroup says oil will be going below 70. Especially when a recession arrives in Q1 2024 Read More
Gold is monetary and should not be seen as a commodity. It is money and depends on the 4 prices of money. It's less dependent on mine supply because the stock to flow ratio is very high Read More
The R-Star from the New York Fed gives a measure of the natural real interest rate.For example: On May 2023, the R-Star was 1.14% while the real 10 year bond yield was -1.5%. This means that… Read More
OPEC oil cuts are good for gold. DUBAI, April 2, 2023 (Reuters) - Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 millionOPEC+ to c… Read More
This is a nice calculator for equivalency of different metal grades.https://www.juniorminingnetwork.com/drill-hole-calculator.htmlExample: https://www.juniorminingnetwork.com/drill-hole… Read More
The largest segment of dry bulk (67%) is iron ore, grains and coal. Iron ore segment is in terminal decline. Don't count on grains either because China population is dropping now. Also don't… Read More
The Stock Forecaster Index can predict the movement of stocks and is based on the following parameters:Fed balance sheet expansionCredit spreadsInitial jobless claims The Brave-Bu… Read More
Current status of energy market.The oil price (link 2, link 3) can be predicted based on oil supply and demand numbers. Demand can be correlated to U.S. GDP while supply… Read More
Open interest in oil is a leading indicator for the oil price as it tells us whether there is money flowing into the sector or not. By checking out the Open Interest of various commodit… Read More
China's power consumption is correlated to China's gas consumption.Moreover, lockdowns (visible in airportia data), affect power/gas consumption Read More