This compilation of financial insights includes videos from Tech Revolution, Arcadia Economics, Mike Maloney, and ITM Trading.
Tech Revolution shares news of BRICS doing the unexpected with the oil industry being changed forever. Dave Kranzler joins Arcadia Economics to discuss how gold and silver prices are linked to the reverse repo facility. Rick Rule joins Mike Maloney to talk about his fear that the gold market will triple. Lynette Zang on ITM Trading talks about buying silver and gold and analyzes trend cycles in assets.
Oct 19, 2023
If you’ve been following the world of powerful economies, then you’ve probably heard of the BRICS group. That’s the power-packed group of Brazil, Russia, India, China, and South Africa. On August 24th, they decided the group needed a little expansion. They looked around and thought, ‘We need some more colors in this mix, and perhaps some extra strength too.’
And where did their eyes land? Right on MENA, which stands for the Middle East and North Africa. And just a fun fact for you: this region is like the treasure chest of oil supplies. But here’s where it gets spicy: they’re rolling out the welcome mat for Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the UAE. That’s right, six heavy hitters joined the party.
And when’s the grand entrance? On January 1, 2024. So, as we toast to the New Year, these countries will be putting on their BRICS badges, making quite the entrance!”
China, a BRICS heavyweight, and the world’s second-largest economy has been a major player, helping BRICS account for about a quarter of the world’s total economic output. Flashback to 2022: BRICS raked in an eye-watering $25.9 trillion, making up 25.6% of the global economy.
Global dynamics are shifting, and with these new members, BRICS is aiming to be at the helm. Stay tuned as we watch this new chapter unfold. What’s BRICS aiming for in 2023 with their new team members? If you guessed they’re aiming for around $30 trillion, you’re right. They want to grab a big share of the world’s money, about 29%.
But there’s more to BRICS’ plan. They’re not just after making a lot of money; they want to become major players in global trade. Currently, they have a small slice of the world’s trade, about 20.2%. But next year, they’re planning to increase it significantly to 25.1%.
Along with the BRICS expansion, the oil game is getting a major shakeup. With the BRICS group inviting KSA, the UAE, and Iran onboard, we’re about to see some seismic shifts in the global oil scene.
As we’ve already mentioned, these new countries from the Middle East and North Africa have the upper hand as they have these vast oil supplies. Think of it this way: they’re ramping up their piece of the global oil pie from a respectable 20% to a whopping 40%. That’s double the oil power. And for those who love their stats, the US Energy Information Administration vouches for this.
Here’s a spotlight on three oil giants from 2022: KSA, the UAE, and Iran. Together, these big players dominated, holding a combined 21% of the world’s oil in their grasp. And get this: among the trio, KSA was the superstar, flexing its muscles and delivering a whopping 13% all on its own. That’s right, 13%! And that’s not us just throwing numbers around; it’s straight from the Statistical Review of World Energy Data.
And speaking of the big players, let’s shine the spotlight on the KSA and Russia for a moment. These two powerhouses? They’re pouring out more than a quarter of the world’s oil. Now, that’s a dynamic duo.
But here’s where it gets even more intriguing. This supersized BRICS doesn’t just boast the big-time oil and gas exporters.They’ve got more cards up their sleeve. Enter China and India: the world’s oil consumers. Picture them at a grand feast, gobbling up oil like there’s no tomorrow.
Last year alone, these two giants had 30% of their enormous oil hunger quenched by just two suppliers – Russia and KSA. So, this isn’t just about new members in a group. It’s about reshaping the global energy map. Keep your engines running and your eyes peeled, because the BRICS expansion might just change the way our world guzzles and trades oil.
Alright, the world’s oil landscape might just be in for a big reshuffle. With Iran and the UAE joining the BRICS+ team, there’s more than just economics at play. This move is a game-changer, pushing the BRICS+ influence into the strategic playground of oil geopolitics, as highlighted by Experts.
Ever heard of OPEC+? They’re like the grand council of oil-exporting nations. For years, many of its members have been under pressure, feeling the pinch of Western sanctions. They’ve seen investments and exports dwindle.
With recent moves from the EU – like the ban on Russian crude oil and price limits – the pressure’s only mounted. Instead of just limiting oil exports, these sanctions are now eyeing the revenue streams.
But here’s the twist. Trading within BRICS just skyrocketed in importance. As tensions rise, the world’s energy landscape seems to be splitting in two: those who back the Western sanctions on Russia and those who don’t.
Premiered Oct 19, 2023
The bond market has sold off again this morning, with the yield on the 10-year note reaching as high as 4.99%, before declining back down to 4.94% in the last few hours. All ahead of a speech by Jerome Powell to the Economic Club of New York at noon eastern on Thursday, where one of the items market participants will be looking for is commentary on the surge in longer-term rates.
Of course the treasury market is inter-linked with the gold and silver trading. And in today’s show, Dave Kranzler of Investment Research Dynamics takes a look at how the reverse repo facility is affecting the yield curve, and how the drain of reverse repos is also going to be impacting the gold and silver prices.
He explains why the balance of reverse repos has been going lower in the current market environment, a trend that began when the treasury lifted the debt ceiling limit and started accelerating its borrowing levels again. And he talks about what happens when this balance runs out, how that affects the funding of the US treasury supply, and who’s going to have to step back in to fund all of it.
This is all a continuation of the underlying reasons that have led people into gold and silver over the past few decades, although these current dynamics lay out why the issue is coming to a head, and bringing the moment of truth for the metals all that much closer.
So to get a better understanding of why gold and silver investors are (or should be) keeping a close eye on the reverse repo facility, click to watch this video now!
GoldSilver (w/ Mike Maloney)
Premiered Oct 19, 2023
We’re in the midst of a pivotal moment in the financial world… Treasury yields are surging to levels we haven’t seen since the 2008 crash. While this could spell trouble for the broader market, it just might be incredible news for precious metals investors.
Today, we bring you a conversation that’s not only timely, but critically important. Mike Maloney sits down with the legendary Rick Rule. Together, they dive deep into the implications of these rising yields, the potential aftershocks in the market, and the bright prospects for gold and silver investors.
Mike says gold could go higher than anyone expects…
ITM TRADING, INC.
Oct 19, 2023
Daily, I’m bombarded with ‘buy or sell’ questions. The experts say markets are random, but that’s not true. Beneath the noise, monetary policy and human emotion drive cycles. Let’s dive into the accumulation, awareness, and panic phases shaping markets, exposing manipulation, spotting bubbles, and preserving wealth. I won’t give direct advice, but I’ll reveal ongoing cycles in stocks, real estate, and the current status of gold and silver. You decide what suits your goals, strategy, and future. Stay tuned.
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