Iron ore is about to crash according to BMO Capital. I would take profits in Vale.
zaterdag 31 juli 2021
woensdag 28 juli 2021
COMEX Eligible Silver Soars
I have no idea what the hell this means. Is it a typo? That's 30000 tonnes of silver on the COMEX Loomis warehouse, 1 year of silver production.
donderdag 22 juli 2021
vrijdag 16 juli 2021
donderdag 15 juli 2021
China Power Consumption and GDP Growth Q2 2021
China GDP growth at 8% and China power consumption growth at 10%.
zaterdag 10 juli 2021
woensdag 7 juli 2021
Peter Schiff Describes The Gap in Import Export Prices
Lately, the import prices have surged, while export prices still sit at the same level. Peter Schiff explains that import prices are up because U.S.A. is printing so much money. All of that money is trying to buy stuff overseas, but since there is no stuff to buy anymore, prices will need to go up. This is not a problem of "shortage", it is a problem of an abundance of dollars.
There are no inventories left, while everyone is buying stuff.
zaterdag 3 juli 2021
Household employment Vs. Non-farm Payrolls
The non-farm payrolls were better than expected in June 2021. However, something that the media didn't pick up is that household employment levels fell in June 2021.
It is important to watch the household employment level vs. non-farm payrolls. Household employment level surveys actually include small businesses unlike non-farm payrolls. Household employment is a leading indicator for non-farm payrolls as small businesses adapt much faster than large businesses.
vrijdag 2 juli 2021
donderdag 1 juli 2021
Treasury Cash Depleted By August
Danielle Dimartino Booth says the TGA account will be depleted in a few months and this is without the reverse repo problems accounted for. A lot of debt will need to be issued.
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