Today, Newcrest came out with its preliminary report for Q3 2023, which wasn’t pretty. With the higher energy prices during the third quarter, I expect the gold miners’ costs to increase… but how much? Also, the EIA is forecasting a decline in U.S. Shale Oil production…
If the Middle East conflict escalates, this could be very BAD NEWS for the highly leveraged financial and economic markets. It’s no wonder the gold price surged by $64 on Friday. Unfortunately, any major disruption can cause chain-reaction defaults in finance and move to the safety of hard assets…
Today’s big news was the Giant Shale Permian Merger of Exxon & Pioneer. But, why would Exxon buy Pioneer if there is BIG TROUBLE brewing in the Permian? Good question. I provide my analysis with an update on the Texas & New Mexico Permian and why Exxon overpaid dearly for Pioneer…
Should Americans or foreigners who hold U.S. Treasuries be worried?? Well, not according to Secretary of Treasury, Janet Yellen. Yesterday, she said, “There is no evidence of U.S. Treasury Market dysfunction.” If you can read through the lines… this should seriously concern people…
Is the gold and silver price sell-off over? In this update, I share the charts and fundamentals taking place in the precious metals as well as the oil and natgas market. While many believe the oil price is heading much lower, I think the opposite is the case…
With more information coming out and confirming our suspensions, the Nails continue to be added to the U.S. & the Global Oil Industry Coffin. Using newly updated data from a retired petroleum engineer from Total France, the situation does not look good for the USA and the world…