URANIUM URA, SILVER BOOM, WAITING, OIL Price, Lithium, OIL NEXT 10 Years, RIG Count, Platinum

It's been dumping and pumping in this range for ages! It's technically just going sideways, sideways means generally stagnant. More emphasis should be put into day trading, as it less affected by the unpredictable nature of the market. Trading has been going smooth for me as I managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....

I really enjoy this channel, this segment in particular. Andy is very level headed, and not trying to sell anything, except more information on his website which is a good value imo.

Just signed up to your website, like what I am seeing :)

Thanks Andy

I’d be interested in your take on Doomberg…who isn’t so bullish on oil.

Oil won’t be replaced by uranium in products, obviously. However, if oil becomes as expensive as indicated it will move away from being burnt for it’s energy content and moved solely into products. Those products may very well be burnt afterwards.

Uranium and Cameco are clear sells. I mentioned this over 1 month ago. 25% downside at least from here. Meanwhile Barrick Gold is a massive buy before Q2 earnings. Good luck.

Expansion in real estate. Sure, ”build baby build”. However, prices need to come down due to unaffordability. Salaries are lagging too far behind housing price appreciation. Higher interest rates going forward. Short term drop in rates only due to recession (a retest of support for rates before going higher). A reset of the housing market is probably the purpose. It’s how you deleverage the system. Pricing of real estate increased disproportionately compared to the input costs for decades, making the real estate business sector very profitable. A blow off top occurred during Covid. Then it broke down in 2022. Now (or soon) it is doing a retest of the support turned into resistance imo. I think it will surprise people. The real estate bull market has been enabled by 30-40 years of ever declining rates until it reached zero and stayed there for basically a decade. Now the rates have broken out. You know what should happen after that. At the same time, I am not convinced of anything right now, but that’s what it looks like to me. We will get inflation anyway imo.

Physical silver or stocks?

I didn't see any silver company on the "Purchase History Update 6-10-24", Andy?

Silver: big single selling candlestick at 3:00 o'clock central Europe time. Very strange movement (as usual).

I think renewables with batteries will keep oil and nuclear tamed over the next ten years.

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.

Thanks Andy. I can't think of anything barring a huge nuc./atom bombing type world war disaster ; that can stop oil going higher with these global inflationary conditions.

What could stop the oil bull thesis? Population decline, production innovation, Venezuela, greater natural gas adoption.

I think you correctly emphasize the importance of demographics. However, you have the developed world inverting downward demographically, so the case for bullish oil demand seems diminished this cycle compared to previous ones in REAL terms. Is it possible that the demographic inversion of the west means that we are gonna get called on our debt, and metals would be the higher conviction trade. It’s tough because we have a flatlining to shrinking demographic but a huge top down pressure to monetize the debt and spend our way into continued hegemony. War would be bullish oil surely, but at that point I wouldn’t have much use for money being 23 and draftable.