Newmont Mining, the largest gold miner in the world, reported the highest costs ever during the first quarter of the year. This was quite surprising as energy costs declined while the gold price averaged over $1,900. I thought for sure Newmont would be lowering costs and increasing profits…
In a stunning update, the iShares SLV ETF reported a massive liquidation of short positions yesterday. This is quite interesting as it occurred right at the peak of the SLV and Silver Prices. Typically, we see market participants liquidating short positions as the price of the asset falls, but not this time…
After watching several “Top notch” Financial & Economic analysts interviews this weekend, I realized just how unprepared we are as a human race. While I respect some of these analysts’ understanding of the massive debt, money printing, and leverage in the system, they ALL totally ignore energy in their forecasts…
If the market believes the banking crisis is over, think again… the worst is still yet to come. The banking and financial system is actually setting up for a bigger meltdown than the 2008 Bear Stearns & Lehman Brothers collapse. And, to make matters worse the world is sitting a massive amount of debt and extreme leverage.,,
While the Shale Industry bragged about its big profits last year, the economics are now worse than you realize. All the stars aligned nicely last year to provide the shale industry with the first decent profits after a decade of losses. However, don’t expect this to continue, especially if energy prices remain low…
In just a few short years, the Copper Mining Industry will reach peak production, which will signify the pinnacle of the Global High-Tech Economy. Thus, the idea that AI or ChatGPT will be the new “Game Changer” for the human race, will also fade away into history as another high-tech delusion…