Hormuz Closure

Watch the Hummus. 

Correlation Economics Interview

An interview about the gold market.  

Gold miners are cheap

Gold and silver miners are the cheapest sector.

India Funds Buying Gold and Silver

India broadens rules for $385 billion stock funds to add GOLD AND SILVER. 

India’s market regulator has allowed the country’s $385 billion actively managed equity funds to park more of their money in gold and silver, giving them greater flexibility at a time when global demand for hard assets is rising. Under revised rules by the Securities and Exchange Board of India, stock funds can invest the remainder of their portfolios — up to 35% of their assets — in gold and silver instruments, as well as in units of infrastructure investment trusts.

PBOC Balance Sheet Vs. Gold Price

 Michael Howell: The real driver of the gold price is China net liquidity injections.

Silver Supply Deficit

Silver supply deficits as far as the eye can see. 

Silver demand is strong.

Sprott Inc. Update

Buys: Barrick, Elemental Royalty

Sells: Sigma Lithium, Peabody, Coeur Mining

 

Goldman: Copper to drop to $5/lb

Copper to drop back to $5/lb according to Goldman Sachs. 

Interview Pixel Research

Interview with Pixel Research. 

China industrial boom and real estate bust

The new China economy. 

Fair-Sinclair Ratio Vs. Gold

Gold should be at $30K. 

Shanghai Silver Inventory Vs. Shanghai Silver Premium

What a beautifully correlated chart. As you can see here, when Shanghai inventories get depleted, stress increases in the China silver market. Silver premiums spike.

The China Gold Premium Parabola

$10K gold by January 2027. 

Inflation adjusted silver price

The peak of silver is $350/ounce. 

Silver supply and demand

Silver demand will outpace silver supply. 

Chris Weber: Silver Going To Unimaginable Levels

Silver will go to unimaginable levels. 

SHFE gold Vs. China gold ETF

SHFE gold inventory is correlated to China gold ETF inventory. Both are rising but are still a very small percentage of global inventory. It is a new rising trend. 

EV vs. Oil

EVs don't use oil. 

China silver export restrictions

As China becomes a net importer of silver again, the inventory at SHFE will rise. This rising inventory is correlated with higher silver prices.