ExxonMobil & Chevron posted dismal financial results in its U.S. Oil & Gas Sector for Q4 2023. While this was mainly due to impairment write-downs, the problem remains as shale economics continue to severely underperform the production from the international sector…
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…
It is truly amazing the amount of U.S. Treasuries that were “Retired & Reissued” last year. It’s even worse when we compare it to the annual amount before the 2008 Global Financial Crisis. Also, why did the U.S. M2 Money Supply contract since 2022… Fed QT? Nope…
The U.S. Mint has sold nearly 5 million Silver Eagles in the first three weeks of the year compared to only 87,500 oz of Gold Eagles. This is a Big trend change compared to the previous three years, as the Silver-to-Gold Eagle buying ratio has more than doubled…
According to the EIA, total World Petroleum Supply reached a record high in September 2023, surpassing the previous peak in November 2018. However, there’s a CATCH. While the total world petroleum liquid supply hit a new high, crude oil production is down considerably…
There’s nothing like a little “MAGIC” to help deceive the public into believing something FAKE is REAL. And, that is precisely what is happening with newly inflated U.S. Crude Oil Production, as evidence of shale oil depletion has finally kicked in…