Federal Reserve: To Hike Or Not To Hike

If Powell doesn't listen to the market, gold will soar. 

OPEC Cut and Gold

The biggest OPEC cut in history should be very bullish gold.

Diesel and Crude Deficits

USA exports a lot of fuel. Neighbours like Colombia, Brazil and Mexico will be supplied adequately. Kazakhstan is self-sufficient. South Africa and Australia are in trouble. 

Latin American countries have plenty crude oil. But Australia and South Africa are short of crude. Kazakhstan remains self-sufficient.

Bonds Vs. Gold

Gold is going to outperform bonds for at least another 3 years.  

Pierre Lassonde Gold Indicators

Pierre Lassonde's top indicators for gold: 

1) Budget deficit 

2) Trade deficit 

3) Central bank buying

4) Stagflation 

5) Geopolitical instability 

6) New architecture of global financial order

https://x.com/GoldTelegraph_/status/2035103104413348027?s=20

Oil recession

It's coming.

James Hamilton: Oil demand elasticity

Hormuz destroys 10% of supply. Oil demand destruction needs oil at $140. Hamilton.

Hormuz Oil Forecast

If Hormuz stays closed, oil will keep rising. 

The disruption is unprecedented.

Until Hormuz reopens. The oil futures curve points to a much lower oil price if that happens.

Stagflation Winners: Gold and Oil

Oil supply disruptions benefit oil and gold.

Oil Demand Destruction

Oil demand destruction scenarios. Oil basically can't go above $100 in less than 60 days. 

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.