Inventor of the #GoldForecasterIndex Inventor of Sung's Method for Gold Mining Valuations https://xitter.cf/t.co/ky0XQxxNXt
Joined June 2021
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One chart to rule them all! (Have fun decoding it.馃樅 )
Includes:
- market cap
- debt
- gold price
- mine life
- interest
- tax
- cost
- production
- CAPEX
- discount rate
- depreciation
- ownership
- royalties
- payability
showing:
- leverage (slope)
- upside %
Warsh today: "While the Committee has decided to hold the policy rate steady today to evaluate the cumulative impact of our previous actions, inflation remains unacceptably high, and we will not hesitate to adjust policy鈥攊ncluding at our December meeting鈥攊f the incoming economic data shows that further tightening is required to return to our 2% target."
Silver to oil ratio.
If this trend continues down, you know that the silver miners will get decimated. Revenue down and costs up. Margins squeezed.馃槪
Correlation Economics retweeted
No individual can easily put all these variables together in their head. The computer does, and it has had a phenomenal track record.
In 2013, it projected war would begin in Ukraine. In 2011, I said the war cycle would turn up in 2014. That was the Ukrainian revolution.
Correlation Economics retweeted
Diesel will rise.
I do not see this reaching a conclusion until next March.
So Europe will be in an energy crisis, the Democrats will cheer Zelensky destroying all the Russian refineries.
Even if we have a very strong El Ni帽o, that is expected to dominate, and its typical impact is to bring warmer-than-average temperatures to many regions, the computer is still projecting rise in diesel prices, so either the El Ni帽o forecast is wrong or Zelensky takes out more refineries.
Correlation Economics retweeted
7d average of implied hormuz flows is 9.7 mbpd, this likely gets revised to just over 10 mbpd. Down maybe 20% from peak and holding. Persian Gulf loadings have declined though and are back at August levels, and Red Sea loadings have also slowed in the most recent satellite pass.
