Silver Supply and Demand - Surplus and Deficit

Is silver going into a new reality? 

https://inflationdata.com/articles/inflation-adjusted-silver-prices/

https://www.fundsindia.com/blog/mf-research/silver-lining-is-it-time-to-add-silver-to-your-portfolio/32139

Silver Supply Deficit

Silver supply deficits as far as the eye can see. 

Silver demand is strong.

U.S. Deficit Projections

U.S. deficits expected to rise.

 

Copper Supply Shock

Copper will be bullish. 

Higher Deficits

Deficit projections have risen. 

Deficits are staying

Don't expect deficits to come down anytime soon.

IEA Oil Demand and Supply

Oil is going into surplus. 

Jan-2025

Unemployment Vs. Deficits

Higher unemployment leads to higher deficits.

Zinc TC Rates: Going in a bull market

Zinc deficits are coming. TC rates are falling. 

Budget Deficits and Gold

Budget deficits and gold. 

Deficits keep rising.

Copper Treatment Charges Plunge

Copper is going into massive deficits of -300K tonnes in 2024. 

Oil going into surplus in 2024

Oil is going into surplus. 

Update 16-feb-2024

Some forecasts are even worse.

Oil is going much higher based on OPEC deficit

Oil is about to soar.

Oil supply demand in 1980

When surplus went to deficit in 1980, the oil price shot up 20x.

Uranium supply and demand

When deficits rise, the uranium price goes up.

Global petroleum inventories drop

Bullish oil. 

Corporate Profits Vs. Government Deficits/Consumer Savings

Corporate Profits = Government Deficit - Consumer Savings 

 

Copper to go in surplus in coming years

It is time to sell copper miners for now.

 

Aluminum, Copper, Zinc, Nickel Are in Deficit

Aluminum, copper, zinc and nickel will be in severe deficit. Russia is just a bonus.

Stock levels are low, especially nickel.

Cobalt Deficit

Cobalt remains in deficit.