Still, Gold is defying (or at least so trying) its downtrending. To Gold’s weekly bars we go from a year ago-to-date, the red-dotted parabolic Short trend having now completed a ninth week.
Even the most conservative projection puts 2040 demand at 278 million pounds — almost 100 million pounds more than current consumption.
The West clearly needs to build more uranium mines to prevent shortages of the nuclear fuel as nuclear demand skyrockets due to population pressures, increased electrification as the world...
The world does not need to run out of oil for the system to become unstable. It only needs to fall below the level at which the machinery of supply can function smoothly. That is true of oil, but it is also true of banking, supply chains, currencies and trust.
Oil price shocks have been associated with recessions and bear markets in the past. This is not predictive, but it does warrant our paying attention. Energy is the main driver of our economy. We convert energy into everything. And oil is a big part of that energy equation.
