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. 

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

Gold ETF Holdings Vs. Gold

Gold ETF holdings to push gold higher.

Gold ETF Allocation

Retail isn't close to FOMO.

Gold miner AIC Vs. Gold

Gold miners are printing money.

Political Risk: Investment Attractiveness Index

Fraser Institute Investment Attractiveness Index: 

Liquidity Vs. Gold Price

Liquidity growth leads to higher gold price. 

Silver Price Targets

Looks like everyone is expecting silver to soar next year. Nomi Prins just said: “I think that silver can get to $50 in the next six months."

Charles Nenner Prediction for 2025.

Nenner says gold will rise for the next 3 years and the U.S. dollar is going to drop to 78 in less than a year. Stocks will fall and bond yields will rise. Position accordingly.

https://usawatchdog.com/from-a-bunker-in-israel-american-empire-is-over-charles-nenner/

20% gold allocation

 

Call on OPEC

The call on OPEC is the amount of oil OPEC needs to produce to balance the oil market.

When the call on OPEC drops, there is less need for oil and the oil price will drop.

COFER data: USD falling

U.S. dollar drops to lowest allocation in history.

 

OPEC Production Increase

Buhbye oil.

FOMC Dot Plot September 2024

FOMC dot plot September 2024:

FOMC dot plot March 2024:

Iron ore to drop below $80 in 2025

Bank of America says iron ore will drop below $80 next year.

https://www.mining.com/bank-of-america-sees-copper-price-surging-above-10000-iron-ore-slipping-below-80-by-2025/

India buying the dip in gold

Is this the gold bottom? 

Job hiring is worse than covid

The job hiring rate is worse than during the pandemic. 

China Diesel Consumption is Down

China oil consumption is down. 

Uranium is going nowhere

Uranium stays at $80. 

Oil: Diesel and gasoline demand

Will be flat.

Gold Fractal Breakout

Big breakout in gold coming.

Deficits are staying

Don't expect deficits to come down anytime soon.

China oil displacement with EV

EVs are taking over diesel demand in China. 

IEA Oil Demand and Supply

Oil is going into surplus. 

Capital Intensity Vs. Performance

Low CAPEX is better than high CAPEX. 

Chinese Steel Mills Unprofitable

It's not looking good for steel, iron, nickel and zinc.

Indian oil demand slowing

Indian oil demand is slowing.

Russia to buy 30 tonnes of gold in September 2024

Russia to start buying gold. 

Job Opening Dropping

More data suggesting higher unemployment rate.

Gold Forecaster Index: Buy Gold, Avoid Everything Else (04-Sep-2024)

 

Unemployment Rate Vs. Gold/Silver Ratio

The Unemployment Rate is correlated with the Gold/Silver Ratio.

 

Central Banks Buying Gold

Central banks do like gold. 

What oil supply disruptions?

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

What if oil on water inventories rebound?

Unemployment Rate Vs. Breadth in US States Unemployment Rate

The unemployment data can be forecasted using the breadth in US states unemployment data. 

Sprott Update

Latest update on Sprott Inc. holdings:

Buys: IAM Gold, Solaris Resources, Kinross

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

Gold as a percentage of global assets

Nobody is invested in gold yet. 

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.