woensdag 28 augustus 2024

What oil supply disruptions?

There are no oil supply disruptions in the Middle East... 


What if oil on water inventories rebound?



dinsdag 27 augustus 2024

Sprott Update

Latest update on Sprott Inc. holdings:

Buys: IAM Gold, Solaris Resources, Kinross

Sells: Seabridge Gold, Triple Flag, Gold Fields, Equinox



maandag 26 augustus 2024

Libya closes oil fields

Libya to close oil fields. Less oil supply leads to inflation and lower GDP, which is bullish gold.



Oil's path.



donderdag 22 augustus 2024

Population Growth Vs. Gold

Lower population growth leads to a higher gold price. 


A declining population leads to lower labor force participation (more old people and less young people). Lower labor force leads to higher debt to GDP.


And finally, higher debt to GDP leads to higher gold prices.




woensdag 21 augustus 2024

Path of Rate Cuts

The market is pricing in rate cuts, which is bullish gold. 


Lumber Slumber

Lumber mills need to shut down.


Gulf Countries Start Using Gold

This could be a very important trend change. Gulf countries start using gold for oil trade with Russia. Oil market is 15x size of gold market. Demand for gold will skyrocket.


vrijdag 16 augustus 2024

Gold demand

Gold demand is still rising.


Gold ETF flows are positive.



vrijdag 9 augustus 2024

woensdag 7 augustus 2024

Rise of the gold miners

Gold to 3000 and oil to 60 should do it.


Oil Vs. Yield Curve

An inverted yield curve is not good for oil. 



zondag 4 augustus 2024

donderdag 1 augustus 2024