Posts

Showing posts from July, 2021

Outlook Commodity Prices - BMO Capital

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Iron ore is about to crash  according to BMO Capital. I would take profits in Vale.  

COMEX Eligible Silver Soars

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I have no idea what the hell this means. Is it a typo? That's 30000 tonnes of silver on the COMEX Loomis warehouse, 1 year of silver production.

Goldman raises EV adoption

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This is bullish copper. This was Goldman's old projection:  

Dividends Coming Down

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Dividend yields and bond yields have now intersected.  

China Power Consumption and GDP Growth Q2 2021

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China GDP growth at 8% and China power consumption growth at 10%.  

Singapore to open 15k tonnes silver warehouse

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Considering the world only mines 25k tonnes per year, 15k tonnes is a lot. 

Peter Schiff Describes The Gap in Import Export Prices

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Lately, the import prices have surged, while export prices still sit at the same level. Peter Schiff explains that import prices are up because U.S.A. is printing so much money. All of that money is trying to buy stuff overseas, but since there is no stuff to buy anymore, prices will need to go up. This is not a problem of "shortage", it is a problem of an abundance of dollars. There are no inventories left, while everyone is buying stuff.

Household employment Vs. Non-farm Payrolls

The non-farm payrolls were better than expected in June 2021. However, something that the media didn't pick up is that household employment levels fell in June 2021. It is important to watch the household employment level vs. non-farm payrolls. Household employment level surveys actually include small businesses unlike non-farm payrolls. Household employment is a leading indicator  for non-farm payrolls as small businesses adapt much faster than large businesses. 

Stock Buying Hasn't Even Started Yet

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Believe it or not, stocks have just started its bull run.

Gold Forecaster Index: Tapering and Fed Rate Hikes Highly Unlikely (2-Jul-2021)

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Treasury Cash Depleted By August

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Danielle Dimartino Booth says the TGA account will be depleted in a few months and this is without the reverse repo problems accounted for. A lot of debt will need to be issued.  

Gold Miners Are Cheap

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Gold miners are cheap compared to the S&P.

U.S. NIIP is Cratering

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The BEA gave a new update on the NIIP and it doesn't look good.