⛏ Oil’s Goldilocks Moment

Nobody Gets Out Alive
Most people don’t realize how precarious our financial position is, as a country. I’ll explain. Right now, we are running deficits of 8% of GDP. We’ve done that in the past but usually only during wartime or severe recessions. Now, we are running deficits to GDP of 8% in good times. So, what happens to the deficit if we hit a recession, perhaps a severe one? Read on »

Forget Poor Man’s Gold—China Just Rewrote the Silver Story
China reclassified silver under “dual-use export control rules”—meaning any material that can serve both civilian and military purposes now requires government approval to leave the country. On paper, Beijing insists this isn’t a ban. They’re just “regulating something strategically important.” Read on »

Oil’s Goldilocks Moment—And Who Gets Paid
The market already priced in the near-term picture. Venezuela’s infrastructure is rotted. The skilled workers fled years ago. Even optimistic timelines put 4 million barrels per day a decade away. Traders will bid up barrels that don’t exist anyway, and that caps any bullish thesis. Which creates the real play. Read on »