China oil demand

China oil demand is falling off a cliff.

 

Global oil inventories Vs. Oil

Oil inventories and oil price are negative correlated.

China Trade Surplus Goes Into Gold

China is winning and buying gold.

Gold Bull Market to $5000

Gold bull market comparisons. 

USD Vs. Gold

When the USD falls, gold goes up.

 

Fair Value of Gold: 10000

The fair value of gold according to James Turk is 10k.

PGM demand deteriorating

PGM demand is not improving. Worst sector to invest in. 2021 (upper chart) Vs. 2025 (lower chart).

M2 Vs. Inflation

 The increase in money supply suggests that an inflation wave is coming. M2 leads CPI by 18 months.

7 Trillion Bond Refinancing in 2025

7 trillion in bonds to refinance in 2025.  

Not including the treasury bills, it's 3 trillion:

This will have repercussions on bond yields.

Sanctioning Tankers

Russian tankers getting sanctioned. Buy oil and tankers.

Trump Tariffs

Tariffs are bullish gold.

60/40 Portfolio Vs. Gold

Gold is outperforming the retirement portfolio. 

Hong Kong housing bust

Hong Kong housing has a lot of room to fall. 

IEA Oil Supply and Demand

Oil should drop. 

Update Feb 2025:

USD fair value

USD should drop.