Gold ETF Allocations Are Rebounding From Rock Bottom
This chart is tracking one very specific thing, but it says a lot about the bigger market story. It shows the share of total ETF assets that is allocated to gold ETFs.
How a 10 Percent Move in Oil Ripples Across the Commodity World
This chart is showing a very practical piece of commodity economics: how sensitive mining operating costs are to oil prices. More specifically, it estimates the average percentage change in C1 cash costs
Gold Is Moving Like the Early Stage of a Major Hard Asset Rotation
This chart takes three secular Gold to Dow cycles and puts them on the same indexed scale, so you can compare them without getting distracted by raw numbers. In other words, it
Why Stagflation Could Be Rocket Fuel for Gold
This chart is doing something very simple, but very powerful. It is lining up the gold price with periods of stagflation and asking one blunt question. What tends to happen to gold
The Deficit Time Bomb Hiding in Plain Sight
This chart shows the projected US federal budget deficit from 2019 through 2034. In plain English, it shows how much more the government is expected to spend than it collects in revenue
Hedge Funds Are Making a Huge Bet on Silver
This chart is a window into speculative behavior in the silver market. What you are looking at is the positioning of managed money in Comex silver futures across time. In plain English,
The Market Thinks Inflation Is Over This Chart Says Not So Fast
This chart is making a very specific macro argument. It is asking whether today’s inflation path is starting to resemble the inflation cycle of the 1970s. The green line is current CPI.
Investors Still Barely Own Gold and That Matters
This chart is showing something surprisingly important. Gold is still a very small piece of global investable wealth. The gold line tracks gold’s private investment share of global equities and bonds over
The Market Forgot the Real Economy and This Chart Proves It
This chart shows one of the most important shifts in modern markets, and it is hiding in plain sight. Back in the early 1990s, Materials and Energy made up a much larger
Silver Is No Longer Just Precious It Is Industrial and Scarce
This chart is showing a very important shift in the silver market, and the title gives away the punchline immediately. In plain English, that means the market is consuming more silver than
