Europe has gone from relying entirely on cheap Russian gas to relying entirely on expensive US LNG
Source: zerohedge
SILVER industrial demand to hit record high in 2024, up 56% in last 10 years
Source: Mining Visuals
"Gold's rally could extend through 2025 on the back of falling rates and persistent central bank demand."
Source: Goldman Sachs, Win Smart, CFA @WinfieldSmart
Draw your own conclusions
Source chart: @topdowncharts
The breakout continues:
Gold jumps 1.3%, biggest one-day move since November 22, well above the 50DMA and briefly above $2700. The race to new all time highs is on. Source: zerohedge
🚨China export bans Gallium & Germanium🚨
Why it matters: Gallium is central to countless downstream industries: semiconductors, aerospace, telecommunications, & more. This image shows how interconnected it is👇 Source: DeepBlueCrypto
Rare earth element production by country
Source: Visual Capitalist
US shale oil production crossed 1 mil b/d in 2011.
Since then, Saudi's market share has been on slow but steady decline, punctuated only briefly by steep price drops in 2015-6 and 2020. How can Saudi regain market share? Either they maintain a $60+ price and see their market share continue to erode, or they increase production to reclaim market share, and see prices plummet. Either way, it's lower revenue in the short term. Should they pump more to decrease prices and regain market shares? Taking the market to <$40 again will be painful for them in the near-term, but they have the financial wherewithal to survive. Source: John Arnold on X
