The price of gold is surging over $30 and silver more than a dollar, but take a look at this…
December 1 (King World News) – The Bear Traps Report: Gold has widely diverged from US Real Yields… Real 10 year yields in the US have reversed further into negative territory and are the lowest (inverted on chart) since late October when gold was at $1900. (See chart below).
Lawrence McDonald, Former Head of Macro Strategy Société Générale: …we have heard these estimates for years on EV penetration- more important question [where] are the charging stations, copper and silver going to come from?
Total Pounds used in Electric Vehicles*
Traditional Car: 31
Hybrid (HEV*): 82
Plug-in hybrid (PHEV*): 131
Battery BEVs*): 186
Again, if you do the math on electric vehicle (EVs) sales assumptions for Tesla and all the players, then look at the global copper supply, then look at the amount of copper needed to meet EV sales, then look at the CAPEX required to find all that copper. Someone is very wrong…
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
Time For Gold To Play Catch Up
Fred Hickey: Historically, real yields & gold have a strong correlation. Note how gold took off near gold’s 2018 bottom as real yields fell. The recent drop in real yields may partially explain recent 3-day surge in gold mining stocks (even as gold kept falling). Time for gold to catch up?
Also just released! ALERT: Gold & Silver Bull Market Set To Resume, Plus A Major Market Warning CLICK HERE TO READ.
New KWN Weekly Metals Wrap
Featuring Alasdair Macleod!
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