Gold as Percentage of Top 10 ETF's

Gold allocation is at rock bottom. 

However, gold miner margins are at all time highs. The fundamentals are already impressive, but can only get better once gold continues its bull market.

Steppe Gold Arbitrage Opportunity

Steppe Gold arbitrage opportunity. 

https://research.hannam.partners/open/38282d60-5246-4f08-ad43-f09358720bb6/STGO_23_20241118_Q3.pdf/8fc3b70a-5c30-4ce2-9444-f2161ddc8ac3

Non-Farm Payroll Revisions Vs. Gold

Downward revision of non-farm payrolls are coming for June 2023 - June 2024.

https://youtu.be/LKrl_sPwpDg?feature=shared&t=853

https://www.youtube.com/live/fRhmmF_G2O8?t=434s

 

Uranium AISC production cost curve

Uranium AISC curve. 

Sprott Inc Update Q3 2024

Sprott Inc. update.

Buys: New Gold, Collective Mining, Newmont, IAM Gold

Sells: Goldfields

 

Oil surplus in 2025

It's still not the moment to buy energy. 

Update: 12-dec-2024

Yardeni increases outlook on stocks

New:

Old:

Poor Oil Producers

They can't make money.

Nomi Prins: $9000 gold

Nomi Prins ups her target on: 

gold: 

2025: $4000 

2026: $5000 

future: $9000 

silver: 

2025: $50 

future: $100-150

Central bank gold reserves Vs. GDP

Central banks still need to buy lots of gold.

Citigroup: Oil to drop to $60

Oil to drop to $60 due to Trump tariffs and oil production increase.

https://oilprice.com/Energy/Energy-General/Citi-Sees-Oil-Prices-Dropping-to-60-Under-Trump.html