This compilation of financial insights includes videos from Arcadia Economics, Tech Revolution, David Lin, and Liberty and Finance.
Keith Neumeyer of First Majestic Silver joins Arcadia Economics to discuss how they won’t meet silver demand at its current price.
Tech Revolution shares news of OPEC shocking the world and how it will change the entire oil industry.
Dan Tapiero, Founder, CEO, and CIO of 10T Holdings and 1RoundTable Partners joins David Lin to talk about gold breaking records in 2024 and interest rates to fall.
David Hunter, a contrarian macro strategist with 50-years experience on Wall Street joins Liberty and Finance to discuss the shocking case of $3000 gold and $60 silver by Summer.
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Arcadia Economics
Premiered Dec 21, 2023
Silver is now back in positive territory on the year, as a late year rally has left the price up by 30 cents in 2023.
But that’s done little to address the longer term implications in the market, where we’ve seen a deficit for the past few years, and the supply and demand dynamics show that’s expected to continue. And in today’s show, Keith Neumeyer of First Majestic Silver talks about the conditions in the market, and explains why the current silver price simply won’t supply the demand that the market is calling for.
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He also talks about the conditions that will need to occur in the market for the deficit to even begin to be addressed. And Keith also offers an update on First Majestic Silver, their progress in 2023 and also their plans in 2024.
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Tech Revolution
Dec 21, 2023
Russia and Saudi Arabia are extending a call to action, urging fellow OPEC+ producers to participate in production cuts. This plea follows a meeting between Russian President V------------n and Saudi Crown Prince Mohammed bin Salman in Riyadh. The leaders emphasize the critical importance of all countries adhering to the OPEC+ agreement, asserting that this unity is not only crucial for the interests of producers and consumers but also instrumental in supporting global economic growth.
In a joint statement, the Russian version uses the term “join,” while the English version employs “adhere” to the OPEC+ agreement. The message is reiterated in a statement from the Saudi Press Agency, underscoring the significance of all nations sticking to the agreement for the mutual benefit of producers and consumers. The leaders express appreciation for the cooperative efforts in the energy sector and the successful endeavors of OPEC+ countries in stabilizing global oil markets. Their desire is for this collaboration to persist, with all nations maintaining commitment to the OPEC+ agreement to facilitate global economic growth.
Notably, P---n’s uncommon visit to Saudi Arabia includes a stop in another major Gulf oil producer, the United Arab Emirates, shortly after OPEC+ disappointed markets with less-than-optimistic production cut news for the coming year. Both Saudi Arabia and Russia express readiness to take additional measures if necessary, with Russia’s Deputy Prime Minister, Alexander Novak, indicating a willingness to prevent market issues in early 2024. Meanwhile, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, suggests that production cuts might extend beyond March 2024 if market conditions require it, expressing frustration with commentators who fail to grasp the details of the production agreement.
P---n’s visit to Riyadh carries an air of mystery, accompanied by four Russian fighter jets. The purpose of this rare overseas trip remains unclear, but discussions between P---n and Crown Prince Mohammed bin Salman encompass various hot topics, including conflicts in Gaza, U-----e, and Yemen, as well as the Iranian nuclear program and strengthening defense capabilities.
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Shifting focus to the COP28 meeting, where nations discuss environmental matters, Saudi Arabia emerges as a significant player opposing any talk of phasing out fossil fuels. They stand firm against the fossil fuel phase-out language, being labeled the “biggest obstacle” to the agreement. Saudi negotiators impede discussions on tripling global renewable energy by 2030 and slow down provisions meant to assist vulnerable countries in adapting to climate change.
The Financial Times reports that Saudi Arabia not only poses obstacles but also applies pressure on the United Arab Emirates (UAE), the host of COP28. The relationship between Saudi Arabia and the UAE becomes strained, with the head of the Abu Dhabi National Oil Company and president of COP28, Sultan Al Jaber, facing challenges from the Saudis. The EU’s Teresa Ribera expects the summit to be a game-changer, with most parties seeking a clear path away from fossil fuels, despite some countries attempting to dilute the discussions.
In a surprising move, OPEC’s top official, Haitham Al Ghais, sends a letter to its 13 member countries and 10 OPEC+ countries, including Russia and Mexico, urging them to reject any deals targeting fossil fuels at COP28. Al Ghais emphasizes OPEC’s focus on reducing emissions and warns against putting too much pressure on fossil fuels, believing that the world needs significant investments in all types of energy.
This letter elicits varied reactions, with the EU’s climate chief criticizing it as off-track, and U.S. lawmakers expressing strong opposition. The responses reflect a divide between those prioritizing their economic interests and those advocating for decisive action on climate issues.
This concludes by highlighting the reactions from key players, including OPEC member countries, where concerns about cutting down on oil and gas arise due to their dependence on oil revenues. The energy meeting sees the absence of the UAE Energy Minister, indicating a nuanced stance on fossil fuels. The UAE, along with other Gulf nations, advocates for a practical energy shift, emphasizing the need to continue using fossil fuels while transitioning to cleaner alternatives.
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David Lin
Dec 21, 2023
With the Fed signalling the end of rate hikes, bond yields will likely come down by several hundred basis points in 2024, while equities will likely continue to move higher according to Dan Tapiero, Founder, CEO, and CIO of 10T Holdings and 1RoundTable Partners.
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Liberty and Finance
Premiered Dec 21, 2023
The stock market is about to shoot higher, forecasts David Hunter, a contrarian macro strategist with 50-years experience on Wall Street. In the midst of this stock market “melt-up,” gold and silver are likely to move much higher. After the melt-up, he expects a global bust, leading to an 80% stock market decline. David Hunter online:
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