Correlation Economics Backup

1m bbl/d OPEC cut coming will propel gold to $2150/ounce. 

Rate cuts are coming.

Palladium outlook is looking bad. 

Sprott Inc. update. 

China keeps selling bonds. 

Gold is about to make a secular move to $4000/ounce. 

Old people are inflationary. 

Hindenburg Omens precede gold price rises.

Out of all sectors, gold and oil will outperform. 

Copper is expected to rise to $4.5/lb according to BNEF.  Confirmed by S&P Global. Since First Quantum is closed now, an additional 350K tonnes of copper is now offline.

They keep producing more and more natgas. 

Oil futures pointing to a lower oil price. 

 

European diesel demand is falling.  

Who is right.

 The amazing accuracy of the COT report vs gold price.