October 2021

METALS, MARKETS & ENERGY UPDATE OCT 31st: More Disruptions In The Global Energy System & Market

The world continues to suffer from more disruption in the global energy system and markets.  In this new Metals, Market & Energy Update, I show what’s happening with the U.S. and global energy inventories.  I also provide information on the Global Gold ETF market and how that is impacting the gold price…

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U.S. ELECTRICITY RATES SURGING: Americans Will Be Paying More For Electricity As Energy Price Spike Higher

Americans are now paying a lot more for electricity and this trend will likely continue in the years to come.  Why?  Unfortunately, the U.S. will continue to ramp up its “Green Energy” of wind and solar, thus making power generation even more expensive.  If you then add rising energy prices on top of that…

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BREAKING NEWS: Planned Retirement Of Two Nuclear Power Plants This Month Reversed

Due to the passage of the Illinois State Clean Energy Bill, two nuclear power plants facing retirement this month have been reversed.  The Byron and Dresden Nuclear plants, run by Exelon Energy, were facing retirement due to operating losses from competing with lower-priced fossil-fuel electric generation…

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20 YEARS GOLD MINING REPORT: Amazing Total Cost To Produce Gold From Top & Mining Companies

This is a “Must-Watch” Report on the 20 Years Total Cost to mine gold from the largest companies in the world.  If you want to know the total cost to produce gold over the past two decades, this video presentation provides a practical summary.  I had no idea how high the costs were until I did the research…

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TRADE UPDATE: We Covered Our ConocoPhillips & Continental Resources Short Positions

We decided to cover both our ConocoPhilips and Continental Resources short positions due to several reasons.  We were counting on a quicker correction of the energy stocks along with the oil price.  However, not only has the oil price moved higher, so has the broader markets.  Fortunately, we did not lose any money…

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U.S. PUBLIC DEBT NEARS $29 TRILLION: Can The U.S. Government Continue To Pay The Interest Expense?

In just a bit more than a week, the U.S. Government added nearly another HALF-TRILLION in public debt.  Of course, this was due to the “temporary”  lifting of the debt ceiling by the honorable members in the Senate.  However, with adding nearly $500 billion of new debt, the price tag for servicing that debt is…

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