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This compilation of financial insights includes videos from Joe Blogs, WTFinance, Commodity Culture, David Lin, and SD Bullion.
Joe Blogs reports on Russia’s oil and gas revenue experiencing a significant decline of over 45% during the initial quarter of 2024 when compared to the revenue it was generating before the invasion of Ukraine. This substantial reduction in income is further compounded by the continuous increase in expenditure due to investments in the ongoing war, resulting in massive losses for the Russian economy.
Doomberg returns as a guest on the WTFinance podcast to discuss the present geopolitical landscape, shedding light on the factors that are significantly driving up oil prices. He delves into the potential scenario where oil prices would be at $50 if not for ongoing conflicts, providing an insightful analysis of the gas markets. Additionally, he explores the remarkable advancements in the US energy sector and touches upon other relevant topics.
Willem Middelkoop participates in a conversation with Commodity Culture, expressing his belief that the global monetary system is approaching a critical juncture, with the dominance of the Western dollar being contested by the Eastern BRICS alliance. He emphasizes that gold, along with other commodities like silver and uranium, stands to gain significantly from this historic shift.
Robert Ryan, Chief Strategist of Commodity & Energy Strategy at BCA Research, highlighted numerous reasons why oil and gold are expected to experience upward momentum in the latter part of this year during his discussion with David Lin.
SD Bullion reports that the first quarter of the year saw an unprecedented level of Indian silver imports, especially following the record-breaking month of February 2024 when over 76 million ounces of silver bullion were brought into the country. SD Bullion speculates that the majority of this silver is being directed towards new green energy initiatives, particularly in the production of batteries and solar panels, in an effort to support the transition towards a cleaner energy grid.
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Joe Blogs
Apr 26, 2024
Russia’s OIL & GAS Revenue Fell over 45% in the first three months of 2024 compared with the revenue Russia was earning prior to the invasion of Ukraine. In addition to this huge reduction in income Expenditure is continuing to increase due to the investment in the War, which means that the Russian Economy is now incurring massive LOSSES. In this video I provide more details of the figures and discuss the problems that Russia is now facing.
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WTFinance
Apr 26, 2024
Interview recorded – 19th of April, 2024
On this episode of the WTFinance podcast I had the pleasure to welcome back Doomberg.
During our conversation we spoke about the current geopolitical situation, why this is highly inflating oil prices, how oil would be $50 without war, in-depth analysis of the gas markets, the US energy miracle and more. I hope you enjoy!
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Commodity Culture
Apr 26, 2024
Willem Middelkoop believes the world is reaching a turning point when it comes to the global monetary system, and Western dollar supremacy is being challenged by the Eastern BRICS alliance. Willem notes that gold will be a massive beneficiary of this once-in-a-lifetime event, along with other commodities, such as silver, uranium, and more.
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David Lin
Apr 26, 2024
There are several factors for why oil and gold will likely continue moving higher later this year, according to Robert Ryan, Chief Strategist of Commodity & Energy Strategy at BCA Research.
*This video was recorded on April 25, 2024
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SD Bullion
Premiered Apr 26, 2024
There is no first quarter on record with this size of Indian silver import throughput, following the nation’s record-breaking over 76 million oz silver bullion import month of February 2024.
India continued pulling silver bullion float off the world market to the tune of nearly 28 million ounces last month, March 2024.
About half of the Indian silver import demand for March 2024 came through lower-duty UAE grain trade. My assumption is all of that is heading towards new green energy initiatives in batteries and solar demand inputs, helping to subsidize the effort to build an allegedly cleaner energy grid.
So, a large portion of this record Indian silver demand is not driven by store-of-value demand but rather by an emerging industrial powerhouse ramping up its silver inventory levels while spot prices are relatively still cheap.
To put this record size near 123 million ounces, the Indian market has imported through the first quarter of 2024. Think of it this way.
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India, in the first quarter of this year, 2024, has imported as much silver bullion as the US Mint struck and sold off in 1 oz American Silver Eagle bullion coins in 2019, Covid 2020, 2021, 2022, 2023, and through Q1 2024 combined.
All this we covered this week.
It is basically the underlying silver market in the East at the moment.
A systemically mispriced powder keg market is waiting to explode in higher spot prices based on uber-bullish factors building.
The silver and gold spot price markets finally had a large selloff in price this week.
The spot gold price closed this week just under $2,350 oz, while the spot silver price closed the week above $27 oz.
The spot gold-silver ratio, which we will focus on to conclude this bullion market update, finished this week at 85.
Buckle in and get position-ready. When the pathetic $30 oz silver spot TAMP resistance price passes into support, the ride will still get windy and funner.
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.
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