1157 days ago
Futures, which surged to as high as $175 a metric ton in December, have slipped back to about $150 and could end the year at $100, according to Daniel Hynes, senior commodity strategist at Australia & New Zealand Banking Group Ltd. Source: Bloomberg
1157 days ago
The shortage of physical silver is exposing a tear in the precious metals market unlike any we have seen before. While silver futures prices (paper silver) have 'stabilized' modestly during the day, Physical silver prices remain at extremes. And, as the chart below indicates, that massive premium is unprecedented...Simply put, the establishment can print all the paper silver it wants, but there is no physical supply... and that likely ends badly for those attempting to suppress reality for too long. Source: www.zerohedge.com
1158 days ago
According to the World Gold Council, the gold demand is at its lowest since the 2008 financial crisis in the 4 quarters of 2020. As you can imagine, the coronavirus and its effect were the main driver of this downtrend.
1158 days ago
Chevron could be avoiding the scrutiny Exxon is seeing because of stronger fundamentals and can offer dividends more sustainably than Exxon. Chevron is also catching up to Exxon in production narrowing the gap after acquiring Noble Energy. Chevron trades at 33X forward 12 month earnings, slightly in front of Exxon. Source: WSJ
1158 days ago
The demand outlook offset by a tight supply and a surge of investment in commodities has pushed crude to trade close to $52 a barrel. Brent futures are flat right above $55. Futures point to a more balanced market with Brent moving further into backwardation which shows a bullish structure and signals tightness in supply. Source: Bloomberg
