Month: March 2022

Financial Times/Derek Brower/3-7-2022

“Trading around $116 a barrel on Monday, US prices are still off that peak while the Brent international benchmark hit a high of $139 before sliding back to $120. But echoes of 2008 — from war to the western officials’ pleas in Riyadh — are growing hard to ignore.”

USAGOLD note: Deep background on the oil market from FT’s Derek Brower. We assign the greatest importance on oil amongst the commodities because it affects the price of just about everything else. One analyst quoted says it could reach $200 per barrel. Another says that the investment business continues to underestimate what the world can tolerate with respect to the price of oil. “Brace yourself,” he says. “The market thinks you can probably take more price pain.”

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OilPrice.com/SafeHaven/3-3-2022

“I think we’re coming into a pretty major supercycle in precious metals. I think we started back in 2019 and this is about a five-year cycle for gold, and it has been a very tough year for equities, and we’ve had a very long bull market, I think things are getting a little long in the teeth in terms of the equities side. When the stock markets get to the late stages, this is where we see commodities come to life.” – Chris Vermeulen

USAGOLD note: Tech analyst Vermeulen remains among the most ardent gold bulls. He forecasts the price to be $2700 in 2022 and $7400 within five years.

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