In December, Grant Williams, author of “Things That Make You Go Hmm…” offered the most comprehensive analysis yet of the rise and inevitable fall of the petrodollar (and implicitly US hegemony). In the following presentation, from Mines & Money Conference in London in December 2016, Williams focuses on gold’s performance in 2016, the reaction to Donald Trump’s election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system.
Istanbul (dpa) – Russia is ready to join members of the Organization of Petroleum Exporting Countries (OPEC) in limiting production of crude oil, President Vladimir Putin said Monday, as exporters look to prop up prices for the commodity. “We believe that a freeze or even a reduction in the production of oil is probably the only…
What the world is witnessing, without actually paying much attention, is the death of our debt-based economy — that is, borrowing the means to thrive in the now from a future that can’t really furnish it anymore. The illusion that the future would always provide was a legacy of the cheap energy era. That era ended in 2005.
SD METALS & MARKETS
Expert Gold, Silver, and Energy Analyst SRSRocco Joins the Show This Week, Discussing:
- Bull Market Reboot – Gold and Silver Are Being Attacked By TPTB, But They’re Losing Control!
- What Happens if Stocks and Bonds Crash? 5% In Gold is a Joke!
- Are We In the 2nd Inning of the Most Powerful Bull Market in History?
- The Big Change: Expert Explains Why It Will Be Important to Own Gold and Silver in the Next 3-5 Years
CALGARY – As Alberta’s NDP government rushes ahead with implementation of its climate change plan, a new study provides another measure of its exorbitant cost – a proposed cap on oilsands emissions would leave oil worth hundreds of billions in the ground, while doing little to reduce global greenhouse gases. According to the Fraser Institute study…
Jason Burack of Wall St for Main St interviewed returning guest, former corporate executive and phD scientist, Dr. Chris Martenson. Complex systems are held together by confidence, and the world we find ourselves facing in the months and years ahead will test that confidence to the core. It’s already starting to happen. Tune in for Dr. Martenson’s perspective.
China’s ambitious entry into the Canadian oil-sands is not only turning out to be ill-timed, it is turning out to be grossly mismanaged, raising questions about the merit behind China’s $35 billion in investments in Canada’s energy sector between 2009 and 2013. China National Offshore Oil Corporation (Cnooc), China’s third-largest national oil company, purchased Nexen, Canada’s ninth-largest oil company for $15.1 billion in 2012. The deal valued the assets of Nexen at $17 per barrel. “They went in with their… Read Full Article
After EU-member states agreed on a Commission proposal, the EU will invest €263 million in key gas and electricity projects across the Union with primary focus on the Baltic Sea region. The European Commission announced on Friday (15 July) in a press release that the 28 member states agreed to invest €263 million in trans-European energy infrastructure projects. The biggest share of the support will be destined to the Baltic Sea region to help the expansion of the gas infrastructure, meanwhile the other part of the investment will support… Read Full Article
The latest report from Wood Mackenzie on U.S. and other non-OPEC oil exploration and production into 2025 is worthy of a very deep dive, because it gives terrific information, not just on where U.S. oil will be coming from in the next 10 years, but where the best likely places to invest will be. I truly rely upon Wood Mackenzie as one of the finest, if not the finest energy analytics service out there – and their latest report serves as a tremendous template for our investment purposes. While the report is fairly long and wonky, the major… Read Full Article
Trading, in any market, is about taking risk on board. Successful trading, however, is about respecting that risk and managing it accordingly, and a large part of that management is being aware of when risk could be out of your control. On Wednesday of this week, when the EIA released their weekly inventory report, the WTI futures market demonstrated why data release points are one of those times. When I was working in foreign exchange dealing rooms we were subject to very few hard and fast rules, but squaring up in front of major figures such… Read Full Article