Loves shares, hates sharing. Never financial advice, always confirmation bias. Assume I have interest or paid a fee by all stocks mentioned via
@calderahouse
#Commodities
vs. the S&P500: an update from Cantor Fitzgerald.
Chart 1: 79% below 2008 commodities supercycle peak
Chart 2: 96% below the 1970's peak vs.
#SP500
, last time stagflation was the prevailing economic backdrop.
Fundamentals for
#gold
still there
-ultra dovish Fed
-Biden + Yellen.
-Fed's balance sheet 📈
-Record stimulus, more to come
-Negative yielding bonds at new highs
-Low rates here to stay
I won’t feel sorry for any shmucks caught without gold (or
#silver
) when it rips again
AN EPIC
#COMMODITIES
BOOM IS COMING
"Put simply, the success of digital platforms is now creating crushing demand for real "stuff""
Via
@zerohedge
and Steen Jakobsen, Chief Economist and CIO at
@saxobank
#Uranium
names ripped overnight in Nth America
$CCJ +7%
$DNN +5%
$URG +14%
$UUUU +10%
Cantor Fitz reckons they picked the bottom on May 25th @ $46/lb
They expect spot to climb to ~$65/lb in coming weeks/months & equities to outperform the underlying metal by 2-4x on the upside
In the coming 9 days, a catalyst looms for the
#uranium
price as $CCO and $KAP, the 2 titans controlling ~64% of the world’s U308 supply, are set to announce their 2024 guidance.
There is expectations (at least from 1 broker) that both will guide 2024 production guidance below
If $gold is the ultimate $USD hedge, then silver is a speculation on that speculation. $silver peaked at $49 in 1980 when the Hunt brothers attempted to corner the market. It then spiked again in 2011, following the Fed's move in response to the GFC. So how to play it?
That's one sluggish ass bull... 🐂
Consider this:
-
#Gold
held by ETFs at record highs
- Real interest rates are negative
-
#US
Fed Reserve + balance sheets are at all-time highs
- Record planned stimulus
- Currency devaluation
-
#Economic
and political uncertainty
Received notes from a Canaccord call with $KAP re their ANU physical
#uranium
trust.
Main takeaways:
- Moving to value vs volume
- Designed to be for the benefit of the country + region
- It will be independent
- Moving the overall market back to “term”, away from spot
#Uranium
news.
In Japan, TEPCO were up again yesterday and +21% since last week on rising volume. PM Kishida is pushing for “maximum” usage of
#nuclear
power which is helping sentiment.
There's a warning tonight a massive increase in mining will be needed to reach the government's target of cutting greenhouse gasses by 43% by 2030.
@CUhlmann
#9News
It's said that
#copper
is the metal with a PHD in
#economics
. The Doc has a history of forecasting economic trends, including
#inflation
.
For every 1% annual increase in consumer prices since 92, copper's price has jumped ~18%
#Commodities
are chic again.
“In the years to come, it’s highly probable that a great many investors will look back on 2020 and wonder how they missed these signs of a new commodity bull market.”
Via
@business
#Copper
down overnight but supply-demand fundamentals remain solid
I'm using any Northern Hemisphere summer weakness in the copper complex to build position/s
China is hungry for
#copper
.
The Yangshan copper premium (a gauge for the China’s requirement for imports) hits its highest level since 2017.
Via
@CnMetals
Friendly reminder, Cigar Lake is the world’s largest operating
#uranium
mine, producing ~18mlbs
#U3O8
pa at capacity.
That’s ~13% of global uranium supply off the table.
$CCJ likely to buy more off the spot market. $KAP already told us they’re buying spot for the first time.
Uranium-Saudi Arabia plans for Nuclear in a $9 Billion dollar 10 Nuclear power plant deal with South Korea by 2030. Big Oil is going Nuclear. A game changer." Kingdom ready to embrace atomic power."
#uranium
#nuclear
#oil
#energycrisis
I reckon $Silver has yet to price in the negative real interest rates in the US and a long-term regression. Current
#gold
:
#silver
ratio is at 97:1, if it should move back to sub 80, that puts the “correct” silver price at $25
“
#China
may soon tighten controls on its export of the
#rareearth
metals that are essential for assorted modern technologies - from smartphones to wind turbines - meaning that the rest of the world needs to increase production to meet demand.”