Look at this key gold and silver chart, plus the energy shock is here to stay.

“Dishonest money not only destroys capital, the saver and the economic calculation of entrepreneurs. It chiefly destroys the soul of a society. It begets a dishonest under-standing of risk which begets dishonest accounting, dishonest objectives, dishonest business endeavours, dishonest securities, a dishonest financial system and ultimately, a dishonest managerial class.” — Tony Deden, Gold: An Objective Look at Subjective Value

Energy Shock Is Here To Stay
April 16 (King World News) – Peter Boockvar:  As we mostly focus on the front month futures contract and we await the finality to the war and a full reopening of the Strait, I will mention the December contract which stands at about $76.50 as of this writing, about $2 off the mid March high. I do because of what the CEO of Diamondback Energy said yesterday:

“I don’t think the numbers we’re seeing on the screen and what the market’s telling us is the reality of where this is headed. Our board is kind of seeing this as a bigger problem maybe than the market’s saying, and the back end of the curve might be kind of lying to us a little bit.”

We remain long energy stocks, acknowledging a further pullback upon cessation of the war but believing a much higher low in price is here to stay for a while.

Home Builders Have No Confidence
Liz Ann Sonders at Charles Schwab:April NAHB home builder sentiment fell to a seven-month low…34 vs. 37 est. & 38 in prior month.

KING WORLD NEWS NOTE: Home Builder Confidence Remains At Very Collapsed Levels

Key Gold & Silver Chart
Otavio Costa:  This chart gets to the heart of today’s inflation problem:

KING WORLD NEWS NOTE: Capital Expenditures vs Gold & Silver Prices Is At All-Time Lows As Miners Remain Very Cautious

Constrained supply.

The only real solution starts with a surge in capital investment from commodity producers.

With capex still near cycle lows, there’s little chance of meaningful new supply hitting the market anytime soon.

For investors, that’s a clear message — the resource cycle is still in its early innings.

Wake me up when capex is back at peak levels.

War Igniting More “Transitory” Inflation
Charlie Bilello:  Since the start of the Iran war…

Sulfur: +67%

Jet Fuel: +66%

Urea: +51%

Diesel: +50%

Heating Oil: +40%

WTI Crude Oil: +37%

European Natural Gas: +34%

Gasoline: +32%

Fertilizer: +31%

Brent Crude Oil: +31%

Coal: +14%

Palm Oil: +10%

Iron Ore: +7%

Rice: +4%

S&P 500: +1%

$VIX: -8%

ALSO RELEASED!
Gold, Oil And A Worldwide Disaster In The Making CLICK HERE.
Gold Miners Are Leading The Market Once Again CLICK HERE.
Celente Predicts Iran War Global Economic Destruction Will Get Much Worse CLICK HERE.
Historic Short Squeeze, Inflation May Soar Above 10% As Precious Metals Surge But Gold Awaits Key Breakout CLICK HERE.
Michael Oliver – This Is The Key Breakout Level For Gold Mining Stocks CLICK HERE.
For Investors Hunting For The Final Bottom In Gold & Silver CLICK HERE.
Propaganda Aside, Consumer Confidence Just Collapsed To An All-Time Low CLICK HERE.
Oil Reverses Back Above $103 And Transportation Prices Have Skyrocketed CLICK HERE.
World Economic Breakdown Looms As Countries Run Out of Jet Fuel CLICK HERE.
China Continues Buying Large Amounts Of Gold CLICK HERE.
Despite 2-Week Ceasefire, Europe Faces Long-Term Energy Crisis CLICK HERE.
Iran War And The Big Threat To The US Dollar CLICK HERE.
Underpinning The US Dollar, Plus Almost No Reaction In The US Oil Patch To The Jump In Prices CLICK HERE.
WTI Explodes Higher As Energy Crisis Goes Global, Plus Uranium Coiled To Skyrocket CLICK HERE.
Greyerz – This Is All Playing Out The Way I Predicted It Would For The Past 25 Years CLICK HERE.

© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.