Correlation Economics Backup

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

Oil demand is going to drop due to EVs.   However, supply is going to drop even faster.

The debt ceiling will be raised in July, pushing gold higher.

If all the cars were converted into EVs, the copper demand would double. 

Copper goes to $7/lb.

Gold and silver lease rates are correlated to the premiums. 

This is a nice calculator for equivalency of different metal grades. https://www.juniorminingnetwork.com/drill-hole-calculator.html Example:  https://www.juniorminingnetwork.com/drill-hole-calculator/result/DHC64402e29ca969.html  

Oil demand is rising. Update 16-May-2023

 

Amrita calls this: "Insanely Bullish!". 

The USD is losing reserve currency status as allocations drop to 58%. 

When deficits rise, the uranium price goes up.

Gold production is falling, which is bullish gold.