Outlook Commodity Prices - BMO Capital
Iron ore is about to crash according to BMO Capital. I would take profits in Vale.
Posts
COMEX Eligible Silver Soars
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.
China Power Consumption and GDP Growth Q2 2021
China GDP growth at 8% and China power consumption growth at 10%.
Singapore to open 15k tonnes silver warehouse
Considering the world only mines 25k tonnes per year, 15k tonnes is a lot.
Peter Schiff Describes The Gap in Import Export Prices
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.