Since the 2008 Global Financial Crisis, something BIG changed in the “Wonderful World of Diesel Consumption.” Two of the largest diesel-consuming regions in the world… just stopped growing. But, that didn’t stop the rest of the world from expanding… and, “Boy, Did they… LOL..”
Europe stored a record amount of natural gas yesterday, pushing its total inventories well above the same period during the 2020 Pandemic shutdown. And, if current trends continue, Europe may reach 100% Capacity a month sooner than usual. This is undoubtedly very Bearish for the Natgas price…
With global oil production likely to decline after 2025, this is only part of the problem. Why? It doesn’t consider the “Double Whammy” of falling Net Oil Exports. As Oil Exporting countries continue to grow, they will consume even more Oil and export less…
There are some Important Key Silver Charts you need to see. The Silver Price is now at an Important Key Level, and with most of the Primary Silver Miners breaking even, I believe the Downside Risk is minimal. One Key Factor is the U.S. Dollar which is also at a key level…
Americans purchased more gold bars & coins in the first half of 2023 than any other period since the 2008 Global Financial Crisis. More importantly, Americans’ physical gold bullion buying is greater than during the Pandemic shutdown in 2020….
Powerful forces are setting up for much higher silver prices, while the Major Market participants are totally unaware. Critical changes are taking place in the silver market, especially in the world’s largest silver producer, which I discuss in my newest “Weekend Update”….