author "Gold, Silver and the future Monetary reform" 2011 author "History of Silver" 2013 French analyst of precious metals (Agora, Goldbroker, ... )
Paris France
Joined January 2012
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US Oil
#Oil #WTI #Brent
USA produces 13.9 million barrels of oil per day.
USA consumes 20.6 million barrels of oil per day.
USA exports 4.5 million barrels of oil per day...
6.44 million bpd last April, driven by the lure of profit!
Consumption + exports = 25 million bpd; compared to their production, they have a deficit of 11 million bpd.
Officially, the US imports only 7.3 million bpd...
Over the last three months, they have imported an average of 626,000 barrels per day from Venezuela .
That represents one-thirty-third of their consumption. A drop in the bucket!
They have drawn as much oil as possible from the SPR (Strategic Petroleum Reserve), but that now seems nearly impossible.
It is no wonder that prices are rising.
At some point, a choice will have to be made:
- either limit consumption through highly restrictive measures, like the travel restrictions seen during COVID;
- or let the fuel prices rise, which will automatically force demand down.
Photo : Trump and the drop in the bucket 😁
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Donald Trump is going to save the world with the oil of Venezuela 😁
#oil #Venezuela
Look how
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Trump's New Heavy responsibilities
#trump #President
The President was entrusted with the weighty task of inaugurating the chrysanthemum exhibitions.
ALT Images created with pippit -
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RealDonaldTrump
#Trump
You won't see that in the Main Street Media, but the last president of the United States had been sent on the side-line, to play golf mostly.
(caricature Image created via pippit . Thanks Pippit )
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The Dow-Gold Ratio
#Gold #DowJones #spy
When you see US indices hitting all-time highs, you might be proud to have invested your savings so well, right?
But we mustn't forget that these index are denominated in USD.
If we consider the ounce of gold as the universal monetary standard, an ounce was worth $256 in the year 2000, compared to around $5,000 today.
The purchasing power of the US dollar has therefore fallen twentyfold.
If you apply this to the Dow Jones index: in 2000, it took just over 40 ounces of gold to buy the Dow Jones, which was valued at $21,000.
The chart underneath clearly shows that one should have sold all stocks in 2000 to buy gold.
Too late!
This chart also shows that gold has just pulled back to the former support level of this massive wedge pattern, and that a sharp downward acceleration in the Dow-Gold ratio is imminent.
Either the price of gold will skyrocket, or the Dow will fall... or perhaps both will happen simultaneously...
The wise move is to follow the central banks, which are selling off dollar-denominated assets and investing in gold, silver, and other easily storable commodities.
What about you? 😎
Silver Break-Out
#Silver #Dollar #Shanghaï
This morning in Shanghaï, Silver broke clearly the resistance of its falling wedge.
The SGE is leading the game. COMEX and LBMA are now just broke provincial markets, that cannot do anything else that following China.
And Silver on Shanghaï's futures did +7% this morning.
