In rare form today, TFMetals decided to throw Newmont under the bus on “X” or Twitter. This was likely due to Newmont’s dismal Q4 2023 results, reporting a $3.1 billion net income loss for the period. Turd used several expletives to describe the performance of the world’s largest gold mining company…
Investors continue to ignore energy, metals, and the mining industry as the U.S. Stock Market becomes more concentrated with the largest stocks. However, this will rotate back the other way as investors realize they must protect their wealth as we hit the ENERGY CLIFF…
According to the EIA for 2024, the U.S. plans to install double the amount of solar power it did last year and increase total battery storage capacity by 50 percent. More than 80% of new Electric-Generating Capacity added to the U.S. Grid will come from solar and battery storage…
While GREEN ENERGY is still plagued with many problems and issues, Wind Power provided a BIG CHUNK of Texas Electricity Supply this past week. Actually, I was quite stunned by the amount of wind power generation in the Texas ERCOT Grid this past week…
As forecasted, the U.S. Natgas price has now fallen below the $2 level and will likely continue even lower. Unfortunately, the ENERGY CLIFF is impacting the Natgas Market the most as the U.S. Henry Hub price is now falling below the total cost of production…
Central bank gold demand continued to be strong in the fourth quarter, pushing the total to over 1,000 metric tons for the year. Compare this to the Gold ETF net outflows of 244 metric tons over the same period…