donderdag 25 februari 2021

woensdag 24 februari 2021

India cuts gold import tax from 12.5% to 7.5%

India cut gold import tax from 12.5% to 7.5% in February. This will greatly increase gold demand from India.


 

maandag 22 februari 2021

Sibanye Stillwater CEO Gets Uncomfortable When Talking Rhodium

The CEO of Sibanye Stillwater got really uncomfortable about the rhodium supply in the last 5 minutes of this conference call, mentioning confidentiality on rhodium supply and its partners.

When being asked about rhodium supply, the CEO responded:

Neil Froneman: "You ask some questions that would be confidential that we may not be able to answer them...". "The rhodium supply decline is not going to come from us but from other producers and that would exacerbate demand. I would prefer we wouldn't answer your question about rhodium because it's market and relationship sensitive. I prefer we wouldn't answer it on this call."

I expect rhodium to moon shortly.




donderdag 18 februari 2021

Bulk Shipping Rates Soaring

We are on track to see huge inflation, especially in the base metal sector as bulk shipping rates soar.



Atlanta Fed GDP Estimates Skyrocket

Atlanta Fed GDP estimates skyrocket to 9.5%.


woensdag 17 februari 2021

Rising Yields Are Not A Concern Yet

Stocks are valued on dividends and buybacks. Today that yield is 3.8%. As long as bond yields don't rise above 3.8%, there is no concern for a market crash.


Central Bank Gold Holdings December 2020

Central bank gold reserves increased slightly with the largest increase for UAE and Uzbekistan.



Sprott Inc. Gold Miner Update

Update on holdings of Sprott Inc.

A lot of companies were added: Gatos Silver, Kirkland Lake, Pan American Silver and some uranium stocks.

Most notable is the accumulation of Sibanye Stillwater

Great Panther and Auryn Resources were sold.



dinsdag 9 februari 2021

maandag 8 februari 2021

Yardeni ups forecast for 2022

Yardeni upped his forecast from 4600 to 4800 on the S&P in 2022.

Old:


New:




zondag 7 februari 2021

$1 trillion in liquidity is about to flood the market

The U.S. government is about to open its wallet and spend it all this quarter. $1 trillion in liquidity is about to flood the market and push up risk assets.




zaterdag 6 februari 2021

Government transfer payments Vs. M2

Government transfer payments increase broad money which in turn increases consumer prices.