Posts

Showing posts from February, 2021

Gold and Silver ETF Holdings

Image

Bond Yields Vs. CPI

A higher bond yield signals inflation (CPI).

Federal Reserve Changes Definition of Money Supply

Image
The Federal Reserve changes the definition of money supply. This resulted in the change below: Explanation:  

India cuts gold import tax from 12.5% to 7.5%

Image
India cut gold import tax from 12.5% to 7.5% in February. This will greatly increase gold demand from India.  

Sibanye Stillwater CEO Gets Uncomfortable When Talking Rhodium

Image
The CEO of Sibanye Stillwater got really uncomfortable about the rhodium supply in the last 5 minutes of this conference call , mentioning confidentiality on rhodium supply and its partners. When being asked about rhodium supply, the CEO responded: Neil Froneman: "You ask some questions that would be confidential that we may not be able to answer them...". "The rhodium supply decline is not going to come from us but from other producers and that would exacerbate demand. I would prefer we wouldn't answer your question about rhodium because it's market and relationship sensitive. I prefer we wouldn't answer it on this call." I expect rhodium to moon shortly.

2021 - Year of copper deficit

Image
2021 will be a good year for copper.

Uranium Supply Coming Back In 2021

Image

Bulk Shipping Rates Soaring

Image
We are on track to see huge inflation, especially in the base metal sector as bulk shipping rates soar.

Atlanta Fed GDP Estimates Skyrocket

Image
Atlanta Fed GDP estimates skyrocket to 9.5%.

Rising Yields Are Not A Concern Yet

Image
Stocks are valued on dividends and buybacks . Today that yield is 3.8%. As long as bond yields don't rise above 3.8%, there is no concern for a market crash.

Central Bank Gold Holdings December 2020

Image
Central bank gold reserves increased slightly with the largest increase for UAE and Uzbekistan.

Sprott Inc. Gold Miner Update

Image
Update on holdings of Sprott Inc . A lot of companies were added: Gatos Silver, Kirkland Lake, Pan American Silver and some uranium stocks. Most notable is the accumulation of Sibanye Stillwater .  Great Panther and Auryn Resources were sold.

Gold Miners EV/production ounces

Image
B2Gold (BTO) is probably the cheapest mine on this graph.

Yardeni ups forecast for 2022

Image
Yardeni upped his forecast from 4600 to 4800 on the S&P in 2022. Old: New:

$1 trillion in liquidity is about to flood the market

Image
The U.S. government is about to open its wallet and spend it all this quarter . $1 trillion in liquidity is about to flood the market and push up risk assets.

Government transfer payments Vs. M2

Government transfer payments increase broad money which in turn increases consumer prices.

Gold Forecaster Index: Gold and Silver Premiums Skyrocketing (05-Feb-2021)

Image
 

USGS Report 2021: Silver reserves and production declining

The USGS reported 2020 silver reserves and production.