We will see; Palantir have no debt, they have physical gold (And a nice paper profit) and Bitcoin. Win win??? "maybe"
Why would the oil prices go down because of China, my friend? Sounds interesting, but please elaborate.
https://www.bbc.com/news/business-58338261 South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interest from a record low of 0.5% to 0.75%. The move is aimed at helping curb the country's household debt and home prices, which soared in recent months. Central banks around the world are trying to balance the impact of ongoing Covid-19 infections against economic risks such as high inflation. It is the first time the Bank of Korea has raised its main interest rate for almost three years. -- Household debt % of GDP: South Korea - 103.8% Australia - 123.5%
China is the biggest importer of oil so oil price will fall because China will be consuming less oil next year. I maybe wrong as geopolitics in the Middle East will also affect oil prices but looking at the way the US is withdrawing from afghanistan and the ME, withdraw at all costs, it's unlikely that there will be a new war in the ME.
Will China be consuming less oil due to the economic downturn, as a result of the pandemic? Some are predicting higher oil prices, because of "recovering" economies and car industries across Europe.
if covid cause just 1% consumption decline, the discount will be fiercer, so the undercutting can be huge if you go by 2mb-4mb a ship load we may be heading to 50 again
its all making sense now, when all go down, eg gold 1500, plat 600... silver near 20 etc markets melt down bankruptcy everywhere..
This is from global perspective - like macro themes (logistics, wages, mobility etc). But interesting nevertheless. Hot take - buy your Christmas pressies early this year! https://corporate.nordea.com/articl...19-could-lead-to-an-inflationary-regime-shift
I have the feeling that diesel cars will be making a come back. After the ESG nonsense, my coal stock is now my biggest single stock winner.
There are plenty of diesel cars in the world, no need for them to make a come back. But perhaps electric cars are easier to manufacture nowadays.
How much coal to generate electricity to drive an electric car? How much pollution released to build that power plant? How much pollution released to make those car batteries and to dispose of them after 10 years? I'm quite sure the pollution released by a modern diesel car is many times less. Why is silver falling? Because it's easier to burn coal.
So Au gets another touch by the market. Down nearly USD100 oz since early Sept....still a ways to go or will gold find a floor soon? Luv the dips but would like to see a bit of upwards action in the next wee while....
Given the state of the world right now relative to the last high I can’t even imagine why it was going up before. Seems like it should be exploding now. Feels like the world’s on more of a knife’s edge than ever!
Greenspan in 1993 Now more than any other time in history is it important to suppress gold and silver prices. Unfortunately for them the physical silver is exiting the building so quickly that they won't be able to paper inflate for much longer. Once silver goes so will gold likely so will the USD if they are this desperate.
