China energy per capita

China energy use per capita is peaking.

 

Population peaking.

China steel production is peaking.

China Silver Import Losses Vs. Silver Price

When China has silver import losses, silver will drop as they import less. 

Stock Bond correlation positive

We are in an inflationary positive correlated stock-bond regime which is positive for gold if yields rise.

VIX Vs. Gold/Stocks

When the VIX rises, gold outperforms stocks. 

Reverse Repo Play Time Is Over

Bank reserves are expected to plunge now. 

Record India Gold Imports

Indians like to buy cheap gold. 

Oil supply and demand: $60 oil

$60 oil is coming. 

Gold to outperform silver in 2025

The unemployment rate is expected to rise to 5% next year, which will push up the gold silver ratio. 

Gold-Oil Crocodile

Gold and oil are going to make a crocodile jaw.

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

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.