The Urals Oil Premium

The Urals Oil premium. 

- During periods of positive Urals oil premium, the oil price goes up. 

- During periods of negative Urals oil premium, the oil price goes down.

Crude Oil Vs. Diesel Oil

Crude oil should be at $180/bbl. 

Dot Plot

 Previous:

Now:

Shanghai oil price

China needs oil. 

But not heating oil.

The plan

This is a chart from the minister of Iran. It says that Hormuz is going to close indefinitely and oil will rise to $160/bbl. 

Copper Supply

Down 

Hormuz Disrupted

Closed again.

Singapore Removes 5% Cap On Gold

Singapore removing cap on gold. Bullish gold. 

QE doubled

They are upping the QE. 

Fund Managers: Gold Bottom Is In

The gold bottom is in. 

Bond bear market until 2040

Bull market in gold.

USD Cycle

USD is in a down cycle.

Gold frontrunning bonds

Bond yields should be going higher. 

Gold Rebound?

Gold to $4500? 

Divisia M4 Growth

Divisia M4 grew by 6.83% YoY in June.

Submerged Beach Ball

Ball can't stay under water forever.

When the Tech Bubble bursts, commodities win.

Fund managers Vs. Gold

Gold is close to the bottom. 

Goldman Sachs: TTF gas above 100 EUR/MWH

If the war doesn't resolve, expect TTF gas $100 EUR/MWH. 

Bab Al-Mandab Closure

Both Straits closed.

Central banks Vs. ETFs

Who wins?