Inventor of the #GoldForecasterIndex Inventor of Sung's Method for Gold Mining Valuations https://nitter.gq/t.co/ky0XQxxNXt
Joined June 2021
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One chart to rule them all! (Have fun decoding it.😺 )
Includes:
- market cap
- debt
- gold price
- mine life
- interest
- tax
- cost
- production
- CAPEX
- discount rate
- depreciation
- ownership
- royalties
- payability
showing:
- leverage (slope)
- upside %
This piece of music is so heavenly.🥰
Russia does have amazing musical heritage.
youtube.com/watch?v=TVEro-Ch…
EU natgas withdrawals piercing the upper band now. Looking good. Retail EU gas prices will rise 25% next month. 🤗
Martin Armstrong:
- oil to double from $100 to $200 in 1.5 years.
- gold to double from $4000 to $8000 in 5 years.
Logic suggests: buy oil. 😏
Banks are expecting oil to drop next year.🤦♂️
MAJOR BANKS RAISE OIL PRICE FORECASTS FOR 2026 AND 2027
Major banks have raised their oil price forecasts, according to a Wall Street Journal survey.
2026 Forecasts:
🔸 Brent: $90.40/bbl, up from $88.13
🔸 WTI: $84.38/bbl, up from $82.98
Q4 2026 Forecasts:
🔸 Brent: $94.78/bbl, up from $90.22
🔸 WTI: $88.10/bbl, up from $85.47
2027 Forecasts:
🔸 Brent: $76.74/bbl, up from $74.75
🔸 WTI: $70.52/bbl, up from $69.86
Q1 2027 Forecasts:
🔸 Brent: $84.63/bbl, up from $83.44
🔸 WTI: $79.71/bbl, down from $79.88
The key takeaway: Banks expect elevated oil prices through late 2026, followed by moderation in 2027.
Source: The Wall Street Journal — Major Banks Oil Price Survey
For $GDX to go up, the gold price needs to reach at least $4500/ounce.
What does smart money think of natural gas?
They have been relatively bullish historically, but since 2007 they are max bearish on it. Probably because there is too much of it. Gas is a by-product of oil production and oil production tends to become gassier.
For more of these fantastic charts, go to WallStreetCourier: tinyurl.com/bdhx2zup
A shrinking deficit in silver is not bullish.
HSBC expects silver’s market deficit to shrink from 140 million ounces in 2025 to 5 million ounces this year, and to widen only to 12 million ounces in 2027.
Mine supply, scrap and recycling are all rising while industrial and jewelry demand fall.
Large-bar buying from China and India is recovering and ETFs are “starting to rebuild,” but the bank says those flows are not large enough to power a strong new rally.
Its year-end targets are $70 for 2026 and $65 for 2027, and it does not expect silver to challenge $100 again anytime soon.
