tag:blogger.com,1999:blog-26323570359304577542026-10-12T00:38:31.095+02:00Correlation EconomicsDedicated to monitoring breaking global economic news on a day to day basiskatchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.comBlogger2728125tag:blogger.com,1999:blog-2632357035930457754.post-89795454815263443922026-10-07T21:46:35.433+02:002026-10-07T21:46:35.433+02:00China Holiday: Golden Week<p>China'll be back! </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjty2b-J7E4gPfPd9TVocLcPeZ-lzAAxBaqS-ggXWX3r6qAfSqkCWBDviqGJc_hYELWJ3KDvaQjjSHqMnE0RrADIN6EDROr7ABR0yh5SxPHipxzZH2xSOPx8tLb19wEuc5Ph5ghL7AqFydQa8fvwsdC4SyYfxVqeXIYnItSk3jLLqciHICAQS_NPG-OkLo/s1600/image.png" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="2000" data-original-width="511" height="1606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjty2b-J7E4gPfPd9TVocLcPeZ-lzAAxBaqS-ggXWX3r6qAfSqkCWBDviqGJc_hYELWJ3KDvaQjjSHqMnE0RrADIN6EDROr7ABR0yh5SxPHipxzZH2xSOPx8tLb19wEuc5Ph5ghL7AqFydQa8fvwsdC4SyYfxVqeXIYnItSk3jLLqciHICAQS_NPG-OkLo/w409-h1606/image.png" width="409" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-73522578495572772702026-10-07T13:05:55.753+02:002026-10-07T13:05:55.753+02:00COFER: USD allocation drops<p>USD dropped a bit. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibND3SXWQ_IHtjpJW2fPg2DNexWWtoLALHIY0IQ3eXi7mUco98jnWQcI23mV9lEAM3S3efeJaWkR7A_fnYVC9Os3yk7AWTHQLmRwQA5BQcbIgWfhdVQ2ft-qUAjE-s1uSTKIWNUd3gn_mNlTBabnPMxrJmRg5xra3EMtga_szaiBZeHmsRCtnDESx-Cx8/s1600/image.png" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="863" data-original-width="1413" height="244" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibND3SXWQ_IHtjpJW2fPg2DNexWWtoLALHIY0IQ3eXi7mUco98jnWQcI23mV9lEAM3S3efeJaWkR7A_fnYVC9Os3yk7AWTHQLmRwQA5BQcbIgWfhdVQ2ft-qUAjE-s1uSTKIWNUd3gn_mNlTBabnPMxrJmRg5xra3EMtga_szaiBZeHmsRCtnDESx-Cx8/w400-h244/image.png" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-33810068150719150662026-09-29T15:55:44.764+02:002026-09-29T15:55:44.764+02:00Deutsche Bank Copper Target<p>Deutsche Bank expects copper to rise to $10/lb. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg0Dv5cKBa92UcF54WY1MedoGi8fpQtxP0CV7ai7wbt5P0n2QlDKrP4i5xOCaH3rqaJy8AYCy19z0kIypQ5XEICB3ZzqRL7ySGzWrxZLtkoCTGZRvHH6MMQ4AQGZ0ZXG-A63xoJJmU1UUZM-l_kVhsbyldqmS6jU2ei9GkkSMrZI8W0jYXqJXhDhryJodo" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="493" data-original-width="626" height="315" src="https://blogger.googleusercontent.com/img/a/AVvXsEg0Dv5cKBa92UcF54WY1MedoGi8fpQtxP0CV7ai7wbt5P0n2QlDKrP4i5xOCaH3rqaJy8AYCy19z0kIypQ5XEICB3ZzqRL7ySGzWrxZLtkoCTGZRvHH6MMQ4AQGZ0ZXG-A63xoJJmU1UUZM-l_kVhsbyldqmS6jU2ei9GkkSMrZI8W0jYXqJXhDhryJodo=w400-h315" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-44557789743508666542026-09-29T09:21:30.981+02:002026-09-29T09:21:30.981+02:00Yield Curve Vs. GDP Growth<p>The <a href="https://www.clevelandfed.org/indicators-and-data/yield-curve-and-predicted-gdp-growth">yield curve</a> is a leading indicator for GDP growth. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgl-FowyQjof72Y6V7c5k_tAwszMpvmI4aDAdaQdEyN44Yi-ClY0H7ptUWtlvzU2a2UBvqPg3G2YVk2HB8AxhkQc9TVJuYp_BHxHf_pdSlxNSWSJb4Ar2660J_ft4ZyelonlS49EQCGnEeQo4yn5OqvxWDgF-zmYrFVAd0-L-MDmG326bUDNyGAJih8tQ0" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="617" data-original-width="1167" height="211" src="https://blogger.googleusercontent.com/img/a/AVvXsEgl-FowyQjof72Y6V7c5k_tAwszMpvmI4aDAdaQdEyN44Yi-ClY0H7ptUWtlvzU2a2UBvqPg3G2YVk2HB8AxhkQc9TVJuYp_BHxHf_pdSlxNSWSJb4Ar2660J_ft4ZyelonlS49EQCGnEeQo4yn5OqvxWDgF-zmYrFVAd0-L-MDmG326bUDNyGAJih8tQ0=w400-h211" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-57876951780808661202026-09-28T12:19:11.362+02:002026-09-28T12:19:11.362+02:00Gold Vs. Oil<p></p><div class="separator" style="clear: both; text-align: left;">Gold front runs oil.</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEikaS7eW3TkGhWTznGFVJEWqqV6UW_BoIoZ70tZg3Uz-pfcErUDnzCYEwVBBF9t-nLjY7hBDwAlvbmHISD0aObsQ3GeCfKknVhuOtouw428Kg0pO1SI1m2xG2C94GKu6Jgh9GtlbZk1m7gESIW8GZj5RT6et-iaHCpNKVQZJAulQ5do-ltH7Z-y1ojdacs" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="364" data-original-width="698" height="209" src="https://blogger.googleusercontent.com/img/a/AVvXsEikaS7eW3TkGhWTznGFVJEWqqV6UW_BoIoZ70tZg3Uz-pfcErUDnzCYEwVBBF9t-nLjY7hBDwAlvbmHISD0aObsQ3GeCfKknVhuOtouw428Kg0pO1SI1m2xG2C94GKu6Jgh9GtlbZk1m7gESIW8GZj5RT6et-iaHCpNKVQZJAulQ5do-ltH7Z-y1ojdacs=w400-h209" width="400" /></a></div><br /><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-68182647707965992752026-09-23T18:18:54.520+02:002026-09-23T18:18:54.520+02:00Onshore oil inventories Vs. Brent Oil<p>There is a correlation between onshore oil inventories and Brent oil. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi7iVvCEuWaHOFx3b4jdTV-_swQSG2VXVYfAtNVLFhlRtI0sgiWD7PFh2TyZD84TqlqIqAHj3Tp1M8t0TrzZPNr2dzgNaTLb5bgsDTYpozJCPYpeWK_kau-EqlgWoOSyv-maOpSTBjk8HnogVbl3bbGCoOJPH87jtY3rMFCj9NUmjUsqOFKtTOcLRRimLI" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="1210" data-original-width="2048" height="236" src="https://blogger.googleusercontent.com/img/a/AVvXsEi7iVvCEuWaHOFx3b4jdTV-_swQSG2VXVYfAtNVLFhlRtI0sgiWD7PFh2TyZD84TqlqIqAHj3Tp1M8t0TrzZPNr2dzgNaTLb5bgsDTYpozJCPYpeWK_kau-EqlgWoOSyv-maOpSTBjk8HnogVbl3bbGCoOJPH87jtY3rMFCj9NUmjUsqOFKtTOcLRRimLI=w400-h236" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgyrpN2rbPy1JWxespJLqgkl2jUMp-ZUEXv_89WRPGzYbPUl3ig4zlgidsfBGLFcQL0vOIiHgjqCwLag4BQ8g8MitzoUjZwOYyCOI1hswV4-Gv11AmuVJWUaEP_BHL5d7b3KjQwmeJT89aDNP9CPvmYgz7vMoZ79dkzow5V2NLDdL587BiBhaCsftPYXOw" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="1127" data-original-width="1456" height="310" src="https://blogger.googleusercontent.com/img/a/AVvXsEgyrpN2rbPy1JWxespJLqgkl2jUMp-ZUEXv_89WRPGzYbPUl3ig4zlgidsfBGLFcQL0vOIiHgjqCwLag4BQ8g8MitzoUjZwOYyCOI1hswV4-Gv11AmuVJWUaEP_BHL5d7b3KjQwmeJT89aDNP9CPvmYgz7vMoZ79dkzow5V2NLDdL587BiBhaCsftPYXOw=w400-h310" width="400" /></a></div><br /><br /></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-78891557677572036992026-09-21T18:32:43.790+02:002026-09-21T18:32:43.790+02:00Break even shale oil<p>Breakeven shale oil around $60/bbl.<br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGXGn6qdvAiPOy-oNabhsCpmOTrUY0AcMaXRg8P9a3am3PUpO4sczQK5qlwBnL7bzdHBSmKpA2ue-BeMhdAzr7DJJ7HzfYsQdTgoaEsgzGifROqZuEePfkud4Ox4QebaL4tJh7jigh4Oug5TsRJJ6BEfMVoPnDfZRn09No5ArnzP0eDOazGSUmcKx5JDs/s1099/IMG_8090.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1030" data-original-width="1099" height="375" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGXGn6qdvAiPOy-oNabhsCpmOTrUY0AcMaXRg8P9a3am3PUpO4sczQK5qlwBnL7bzdHBSmKpA2ue-BeMhdAzr7DJJ7HzfYsQdTgoaEsgzGifROqZuEePfkud4Ox4QebaL4tJh7jigh4Oug5TsRJJ6BEfMVoPnDfZRn09No5ArnzP0eDOazGSUmcKx5JDs/w400-h375/IMG_8090.jpeg" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-54053160582547310062026-09-18T16:26:10.253+02:002026-09-18T16:26:10.254+02:00The Urals Oil Premium<p> The Urals Oil premium. </p><p>- During periods of positive Urals oil premium, the oil price goes up. </p><p>- During periods of negative Urals oil premium, the oil price goes down.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg80N10hh3CHj61jxMAz4Ni0-3RHex5DPy8XMOiBcc0CbzfP2aL0kJ3m4ylYU3StGeXZtHDpLjMoX-9b7A0K0vLSZECA4k1EVeR-mFkHcGQTIc3qtjtJ629o4HierMJjXOQx6C3j9ShYI7AcqCerEfdOGCCakbmHNty-6G8uw37ZgBvmH27tPGVNNhMYc4" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="572" data-original-width="1130" height="203" src="https://blogger.googleusercontent.com/img/a/AVvXsEg80N10hh3CHj61jxMAz4Ni0-3RHex5DPy8XMOiBcc0CbzfP2aL0kJ3m4ylYU3StGeXZtHDpLjMoX-9b7A0K0vLSZECA4k1EVeR-mFkHcGQTIc3qtjtJ629o4HierMJjXOQx6C3j9ShYI7AcqCerEfdOGCCakbmHNty-6G8uw37ZgBvmH27tPGVNNhMYc4=w400-h203" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-70593646569575882282026-09-17T23:16:38.130+02:002026-09-17T23:16:38.130+02:00Crude Oil Vs. Diesel Oil<p>Crude oil should be at $180/bbl. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjK71dCbKjuH-zXVJPUq_BlDjTyKLbS7tgdBVD6JbQ4wWnPP0rk_qzk4Ca8xN9gF9VVqZbe7OPte7qN-bnIjfGphXo4daynR53kpN3hJ3dOwdy4oy4UbtZqhwHqrfTUKfj9pl0CBcUSRxtvEwyfeCdnm7WtwCn8_IUh6OlaKQf0PRDqE7I6hwTjhGAtuqM" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="540" data-original-width="1169" height="185" src="https://blogger.googleusercontent.com/img/a/AVvXsEjK71dCbKjuH-zXVJPUq_BlDjTyKLbS7tgdBVD6JbQ4wWnPP0rk_qzk4Ca8xN9gF9VVqZbe7OPte7qN-bnIjfGphXo4daynR53kpN3hJ3dOwdy4oy4UbtZqhwHqrfTUKfj9pl0CBcUSRxtvEwyfeCdnm7WtwCn8_IUh6OlaKQf0PRDqE7I6hwTjhGAtuqM=w400-h185" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-12780320631956626042026-09-16T20:02:03.462+02:002026-09-16T20:02:03.462+02:00Dot Plot<p> Previous:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjUttd-vuCRLOfXRmeaSqwyo_xJqMid66UrGUv_J7yGJxl4LuI2YE_N218jQvN-3pvInGQrmHs33bQ51tz_chYtst7LYbtxM2l-_JOtZsLSbIK1FaoYO9hHzzJ42_iiHw0a2lQlHgGOmkDqc3Xqfhgz0caWxWnMbIVuYwX8qSVTu4qVxHRd2VPP1v351Rk" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="647" data-original-width="757" height="342" src="https://blogger.googleusercontent.com/img/a/AVvXsEjUttd-vuCRLOfXRmeaSqwyo_xJqMid66UrGUv_J7yGJxl4LuI2YE_N218jQvN-3pvInGQrmHs33bQ51tz_chYtst7LYbtxM2l-_JOtZsLSbIK1FaoYO9hHzzJ42_iiHw0a2lQlHgGOmkDqc3Xqfhgz0caWxWnMbIVuYwX8qSVTu4qVxHRd2VPP1v351Rk=w400-h342" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;">Now:</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi6qblpni-SJOCnTZgsE2jj-dMPklgawzmPE67kbTlFiAuSiAK0dhAa-nL2GXjwrXZ9DCB2KI_V3veoVEbpscZRiekE0Yd6zzp50M18SsF-5dWkF5J15RmodmmX2WkaCh_eJr7_e5VuvLxwc93GK3G96HIV0NIW0oEkHDDb9MVdBhIyayRUBS4PJtXHSnk" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="636" data-original-width="772" height="330" src="https://blogger.googleusercontent.com/img/a/AVvXsEi6qblpni-SJOCnTZgsE2jj-dMPklgawzmPE67kbTlFiAuSiAK0dhAa-nL2GXjwrXZ9DCB2KI_V3veoVEbpscZRiekE0Yd6zzp50M18SsF-5dWkF5J15RmodmmX2WkaCh_eJr7_e5VuvLxwc93GK3G96HIV0NIW0oEkHDDb9MVdBhIyayRUBS4PJtXHSnk=w400-h330" width="400" /></a></div><br /><br /></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-3530453303371420082026-09-15T15:03:10.037+02:002026-09-15T19:19:29.490+02:00Shanghai oil price<p>China needs oil. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjgClLDD4pZJXnDVa58q7VOY3MbFVulLcLBTudyVl-Yz_6W0tqRbKurpmdECco0opsW6UZEBRaZBCg8bxchk20kvEjOeR8_JXdyuULxlW-MfejoIDw6Zak56fqay5x5ryBs-by024HtcqgdPPcgZoVZJrihx_Baw_ey2Qb1A6osDAsiY9vADXXQibnxEnI" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="633" data-original-width="1065" height="238" src="https://blogger.googleusercontent.com/img/a/AVvXsEjgClLDD4pZJXnDVa58q7VOY3MbFVulLcLBTudyVl-Yz_6W0tqRbKurpmdECco0opsW6UZEBRaZBCg8bxchk20kvEjOeR8_JXdyuULxlW-MfejoIDw6Zak56fqay5x5ryBs-by024HtcqgdPPcgZoVZJrihx_Baw_ey2Qb1A6osDAsiY9vADXXQibnxEnI=w400-h238" width="400" /></a></div><br /><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg_sLGFelWoSyktTbJr2QSuKDQkB9SbYA6yMqH_qK770Eq1m2rkSAazQW-rdQl3U_QkK11gEYcqbeLxJidWurUhm3YW6UGNvwUl-tTWkvoNFG2hwHRyIvGu7W8PZiQAnRXZwLiDjTLvYpHDYlPJV0OBfBMJ8Ggq2AVteW74-dFlJNVNyt1lNAR_6duSN-g" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="747" data-original-width="1313" height="228" src="https://blogger.googleusercontent.com/img/a/AVvXsEg_sLGFelWoSyktTbJr2QSuKDQkB9SbYA6yMqH_qK770Eq1m2rkSAazQW-rdQl3U_QkK11gEYcqbeLxJidWurUhm3YW6UGNvwUl-tTWkvoNFG2hwHRyIvGu7W8PZiQAnRXZwLiDjTLvYpHDYlPJV0OBfBMJ8Ggq2AVteW74-dFlJNVNyt1lNAR_6duSN-g=w400-h228" width="400" /></a></div><div><br /></div>But not heating oil.<br /><p></p><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgKZZfDi6wuC1PB30T4hydRNAhTd0-PiysVRE-JK2OgwYgzL-vGcgjlE4jSjOWHBMYVs10587K5GFuaY7-e2sDj6ja28pFnnmxzXwX5FzLFJnxqA1ohAQ32vtGMzbNNozdqGmizftjAyf8qS-u6pdGbBdf3MLvWxpBlX-y-EyKpmUuCNxjA9rq2nxVLUz4" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="741" data-original-width="752" height="393" src="https://blogger.googleusercontent.com/img/a/AVvXsEgKZZfDi6wuC1PB30T4hydRNAhTd0-PiysVRE-JK2OgwYgzL-vGcgjlE4jSjOWHBMYVs10587K5GFuaY7-e2sDj6ja28pFnnmxzXwX5FzLFJnxqA1ohAQ32vtGMzbNNozdqGmizftjAyf8qS-u6pdGbBdf3MLvWxpBlX-y-EyKpmUuCNxjA9rq2nxVLUz4=w400-h393" width="400" /></a></div><br /><br /></div>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-60310677593933486402026-09-10T20:31:51.879+02:002026-09-10T20:32:39.137+02:00The plan<p>This is a chart from the <a href="https://x.com/mb_ghalibaf/status/2098088721216078032">minister of Iran</a>. It says that Hormuz is going to close indefinitely and oil will rise to $160/bbl. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhaR6ZXsh_sSLMle8WcY2MVI6A_XbzLT2YgRnsDqY95QQml-Cd4NoKsDdgP8zBabOkOZpL-pdmUWakYVFjsetbKVqKuWc5dxk3slQiFQeGDQrPIQaVQQdIC8dmFzRKU5Tb2t5rtHw2oRiM2K_ZYtUsdPrcLI6Lsjp-PgdpLoHtLm3mVnEFW_Qd10OPQ1x0" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="1172" data-original-width="2048" height="229" src="https://blogger.googleusercontent.com/img/a/AVvXsEhaR6ZXsh_sSLMle8WcY2MVI6A_XbzLT2YgRnsDqY95QQml-Cd4NoKsDdgP8zBabOkOZpL-pdmUWakYVFjsetbKVqKuWc5dxk3slQiFQeGDQrPIQaVQQdIC8dmFzRKU5Tb2t5rtHw2oRiM2K_ZYtUsdPrcLI6Lsjp-PgdpLoHtLm3mVnEFW_Qd10OPQ1x0=w400-h229" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-35548833365785930042026-09-04T18:41:26.639+02:002026-09-04T18:41:26.640+02:00Copper Supply<p>Down </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgaFXHK9wN9eubRQj1zFIRRQibrHG2jJUuUDgHBexnsUyKYgpb-uXEhe60N9mhzIN4_FKjtmpgTPnC316mHPG_-6EQWefDdHdEJfNBNn0nQ4-yxdSiCpXYNhqyrXwZeIEsq2f8-SV6HAGjPMvfq-QOY-Tx25VgKVBR2tvu_Jlaknk9gQ28aqz43PginTBs" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="1001" data-original-width="1594" height="251" src="https://blogger.googleusercontent.com/img/a/AVvXsEgaFXHK9wN9eubRQj1zFIRRQibrHG2jJUuUDgHBexnsUyKYgpb-uXEhe60N9mhzIN4_FKjtmpgTPnC316mHPG_-6EQWefDdHdEJfNBNn0nQ4-yxdSiCpXYNhqyrXwZeIEsq2f8-SV6HAGjPMvfq-QOY-Tx25VgKVBR2tvu_Jlaknk9gQ28aqz43PginTBs=w400-h251" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-49816169436972340152026-09-03T17:38:07.331+02:002026-09-23T18:17:15.722+02:00Hormuz Disrupted<p>Closed again.<br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEim0w_mJgdbU5NAzORBfLI0roWYjhDCTpd3d5gnZ4k7OEiS1CdY3i3kwpF8kRpynIFk05dstdbTK8uRxRLMFRE9h-X9vbIDSQp_BjjUKE9ZNUDmhzehxkdXFyEa-XdfulKNPH9dUshV2_KQ_So82MZffqCcHVky9nDszcaaDWF4_6V6-9NBsNdEiaXav0Y/s925/IMG_8045.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="709" data-original-width="925" height="306" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEim0w_mJgdbU5NAzORBfLI0roWYjhDCTpd3d5gnZ4k7OEiS1CdY3i3kwpF8kRpynIFk05dstdbTK8uRxRLMFRE9h-X9vbIDSQp_BjjUKE9ZNUDmhzehxkdXFyEa-XdfulKNPH9dUshV2_KQ_So82MZffqCcHVky9nDszcaaDWF4_6V6-9NBsNdEiaXav0Y/w400-h306/IMG_8045.jpeg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;">However, <a href="https://x.com/LSREnergy/status/2101704844314652746?s=20">actual flows</a> (crude + products) are higher.</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiMXSEny8T1AdMO4bFpunomT6FNGZylhODlkND4K9QatEgd0sG06GyN-pHoOcz3_6C8-cS4oodN_VfwWq_Y_W8_BbUsRmA8nFulr5QeeElo_eU3WR766lt7BLyMTI-nQHF-xemfBKoStSOC3yzpNOYuK5QCcMg6y1uLoqJLoz2KBk_Wjz-jg3ff7PD0AeM" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="380" data-original-width="673" height="226" src="https://blogger.googleusercontent.com/img/a/AVvXsEiMXSEny8T1AdMO4bFpunomT6FNGZylhODlkND4K9QatEgd0sG06GyN-pHoOcz3_6C8-cS4oodN_VfwWq_Y_W8_BbUsRmA8nFulr5QeeElo_eU3WR766lt7BLyMTI-nQHF-xemfBKoStSOC3yzpNOYuK5QCcMg6y1uLoqJLoz2KBk_Wjz-jg3ff7PD0AeM=w400-h226" width="400" /></a></div><div><br /></div>But even with higher flows from the Middle East, inventories are dropping due to China depleting its inventory.<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgnuAl2SiLjKehWEqaXEGsAcMdbGWz9nvKINjC7s4RoUdLGsHgBmBBx0gVApTbTCsyvndMk2xceARccyfaFp3thflcKebMDS1kA1xNPS401t5fdI5CXpwwafouS8U8bSB4KcP-bH-EAfwIY_SBzBnkShH7rVghLPYglW6z8ImKQGM896sJotfmN2fpM6Q8" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="609" data-original-width="900" height="271" src="https://blogger.googleusercontent.com/img/a/AVvXsEgnuAl2SiLjKehWEqaXEGsAcMdbGWz9nvKINjC7s4RoUdLGsHgBmBBx0gVApTbTCsyvndMk2xceARccyfaFp3thflcKebMDS1kA1xNPS401t5fdI5CXpwwafouS8U8bSB4KcP-bH-EAfwIY_SBzBnkShH7rVghLPYglW6z8ImKQGM896sJotfmN2fpM6Q8=w400-h271" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEimbiDNv6dMGapEqg3PGnJGmerGGKHImCZRJ5eRx6yn9J_7Y32kwSE8_p2wkEuuj7MH37qXWgv6XgXGjtKPe9ncqrbtT3GTaNP1tJXirltcA7WQyHR7Ng86OBBZ4qIOu49c6cM5_QKdUqdKzFxDQqxT-F-VGYUJCpJhww35AlFcvey2PVLyM63WI7D7fFk" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="704" data-original-width="1070" height="264" src="https://blogger.googleusercontent.com/img/a/AVvXsEimbiDNv6dMGapEqg3PGnJGmerGGKHImCZRJ5eRx6yn9J_7Y32kwSE8_p2wkEuuj7MH37qXWgv6XgXGjtKPe9ncqrbtT3GTaNP1tJXirltcA7WQyHR7Ng86OBBZ4qIOu49c6cM5_QKdUqdKzFxDQqxT-F-VGYUJCpJhww35AlFcvey2PVLyM63WI7D7fFk=w400-h264" width="400" /></a></div><div><br /></div>Brent should be going to $120/bbl.<br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgFue8S3amJeKEWJEUt5zCcC2ZjzM5hZ7uL29eMbkSwhxhUohL86ptnJwDuZuMV9KE06uq3ZtJHVi5YYTwptlKzMtj4kBlKC2pHzOOr789FAy6g2-wcFTQKWEKXDXH1P6QK53ThU3fBmtcO1NVIgJzmOVvOfM8NEOigFOnLnZUfjJy_MG7iQYzdTcxXJHw" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="1210" data-original-width="2048" height="236" src="https://blogger.googleusercontent.com/img/a/AVvXsEgFue8S3amJeKEWJEUt5zCcC2ZjzM5hZ7uL29eMbkSwhxhUohL86ptnJwDuZuMV9KE06uq3ZtJHVi5YYTwptlKzMtj4kBlKC2pHzOOr789FAy6g2-wcFTQKWEKXDXH1P6QK53ThU3fBmtcO1NVIgJzmOVvOfM8NEOigFOnLnZUfjJy_MG7iQYzdTcxXJHw=w400-h236" width="400" /></a></div><br /><br /><p></p></div>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-85653710895706012932026-08-28T17:08:04.015+02:002026-08-28T17:08:04.015+02:00Singapore Removes 5% Cap On Gold<p><a href="https://www.businesstimes.com.sg/companies-markets/family-offices-cheer-mas-lifting-precious-metals-cap-do-not-expect-gold-rush">Singapore</a> removing cap on gold. Bullish gold. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgUmgh0ALvqDcta8EJQV4r7QjojikCTVxNubMCLE1nYk-Kq54Ev_ndTIRQyyuDgPcw7riD35WQVODzMskJYZUZrkoesy0h0tvxPI9wxAU5qzzqsSqACzIltxHV255gRxMYjK7vq1BKXxogCpuKo7G7pYYMDMxbS_i5yoeX9qe8VUisbvtaTfeUdO5u5gzY" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="532" data-original-width="747" height="285" src="https://blogger.googleusercontent.com/img/a/AVvXsEgUmgh0ALvqDcta8EJQV4r7QjojikCTVxNubMCLE1nYk-Kq54Ev_ndTIRQyyuDgPcw7riD35WQVODzMskJYZUZrkoesy0h0tvxPI9wxAU5qzzqsSqACzIltxHV255gRxMYjK7vq1BKXxogCpuKo7G7pYYMDMxbS_i5yoeX9qe8VUisbvtaTfeUdO5u5gzY=w400-h285" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-12223005372725788112026-08-19T16:01:44.363+02:002026-08-19T16:01:44.364+02:00QE doubled<p>They are upping the QE. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEguVWvQLEBsNImkErrjSrlFVAg_WtunH-Oup5xl_JRRDGKeT7H3x4Fe_OlTPnK56kBfKmxSLQUjTdaC1OSz5BJnSZJfqI7NvwNyBPQZHqwQgzs3s92tg1XQFporJGIB8IsbkLFx7grggxV9jqGy0GeqPT58EgN53qelb-p6cebdTNTYxQOtBiO15Shcff0" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="130" data-original-width="561" height="93" src="https://blogger.googleusercontent.com/img/a/AVvXsEguVWvQLEBsNImkErrjSrlFVAg_WtunH-Oup5xl_JRRDGKeT7H3x4Fe_OlTPnK56kBfKmxSLQUjTdaC1OSz5BJnSZJfqI7NvwNyBPQZHqwQgzs3s92tg1XQFporJGIB8IsbkLFx7grggxV9jqGy0GeqPT58EgN53qelb-p6cebdTNTYxQOtBiO15Shcff0=w400-h93" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-65571644248933723522026-08-19T10:42:00.391+02:002026-08-19T10:42:00.392+02:00Fund Managers: Gold Bottom Is In<p>The gold bottom is in. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjzG52GXGOdztNDfSk5hzMuDWA2xhOp80OxMnaLlYQedvo5QouI1Cd98d6IoRqF_nyQM4UVQlK8RaEi4POMQFpDJeTxWSeDc0CGUTNu9kWvXbAV8YB9hUsmRGdNQ61CDnZJdRyBi-b63IciGW3vg5vjn-t9VlbmwqwY58YJKk9cxx4h0zLFkGFRJfoK4rU" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="602" data-original-width="1057" height="228" src="https://blogger.googleusercontent.com/img/a/AVvXsEjzG52GXGOdztNDfSk5hzMuDWA2xhOp80OxMnaLlYQedvo5QouI1Cd98d6IoRqF_nyQM4UVQlK8RaEi4POMQFpDJeTxWSeDc0CGUTNu9kWvXbAV8YB9hUsmRGdNQ61CDnZJdRyBi-b63IciGW3vg5vjn-t9VlbmwqwY58YJKk9cxx4h0zLFkGFRJfoK4rU=w400-h228" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-3483138264940996202026-08-13T21:00:08.720+02:002026-08-13T21:00:08.721+02:00Bond bear market until 2040<p>Bull market in gold.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZLiLV9-dzbR5VL6XNkR5X4YtRV5JdE63vYQkIpZDu6Sba80ck8khND2aFKwE8Eg2z8VPMCx0rPVdKk3XCGhRUW5ZBFBq4n9IobOTHanauv6Z5LDeQGd7UzYDMyDcjhY5MU3Z6-KBktxODqp-79poNfSP8teH6-iBwIiaSiPCZ_Z6UH3fWk0BrCNPZt5c/s777/IMG_7963.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="413" data-original-width="777" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZLiLV9-dzbR5VL6XNkR5X4YtRV5JdE63vYQkIpZDu6Sba80ck8khND2aFKwE8Eg2z8VPMCx0rPVdKk3XCGhRUW5ZBFBq4n9IobOTHanauv6Z5LDeQGd7UzYDMyDcjhY5MU3Z6-KBktxODqp-79poNfSP8teH6-iBwIiaSiPCZ_Z6UH3fWk0BrCNPZt5c/w400-h213/IMG_7963.png" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-24869295501088467702026-08-11T16:38:08.734+02:002026-08-11T16:38:08.735+02:00USD Cycle<p>USD is in a down cycle.<br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1rZlcL1-1RXUGl36Ytoa4QAYGOUPt5s45n_sZd1uHAX38pghOlNVOLRZgvJWHbpmpWoVB7bBz_K65hHC2X5DXbmE1KcJ_Ga6vn7IyogxAREuryAzL3zavpzHzUE10Qwbw8HLa8kmlVOz223sjCT64W_i_f8e4mvxOw46_SjAz3TPnRkLvEfPB-WD7cOo/s1199/IMG_7952.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="704" data-original-width="1199" height="235" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1rZlcL1-1RXUGl36Ytoa4QAYGOUPt5s45n_sZd1uHAX38pghOlNVOLRZgvJWHbpmpWoVB7bBz_K65hHC2X5DXbmE1KcJ_Ga6vn7IyogxAREuryAzL3zavpzHzUE10Qwbw8HLa8kmlVOz223sjCT64W_i_f8e4mvxOw46_SjAz3TPnRkLvEfPB-WD7cOo/w400-h235/IMG_7952.jpeg" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-80683903479504755042026-08-11T08:53:03.872+02:002026-08-11T08:53:03.872+02:00Gold frontrunning bonds<p>Bond yields should be going higher. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgjoErWZ6jWOdubVygGsjG6uprVCAGezaXSJ0aWV4LJDUnMOe5oicRVaSpmxk9StlQenIeQ34vjdQNVah5C6mluSAE0co0zG4htnlCbCqiOJRpE3JQhr7F4Mgl0xxenT4gEFCAnJSdiuxu6GAYR9y9t_tMWHhBOiqRhML2oSuvDeQfC_ED_JFqkxyrT6Zo" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="449" data-original-width="779" height="230" src="https://blogger.googleusercontent.com/img/a/AVvXsEgjoErWZ6jWOdubVygGsjG6uprVCAGezaXSJ0aWV4LJDUnMOe5oicRVaSpmxk9StlQenIeQ34vjdQNVah5C6mluSAE0co0zG4htnlCbCqiOJRpE3JQhr7F4Mgl0xxenT4gEFCAnJSdiuxu6GAYR9y9t_tMWHhBOiqRhML2oSuvDeQfC_ED_JFqkxyrT6Zo=w400-h230" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-72808737715622641782026-08-04T11:26:42.024+02:002026-08-04T11:26:42.025+02:00Gold Rebound?<p>Gold to $4500? </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjc5FFW9z7zTzT8c4UY2jx2BMxKJeauICdbJzWxrvn-tURmHb2_RVp3zSeFxKcCTZCCk831LQevd9uzVs5Uq2QLJEesY7XVrb8Y6gPJZhagYrZDup2x2uvqwI4STJV1T80nbq7MoiZD0OefHFRal7o90q80ukaD2dxMTEei5yd62bkyKxkGCRYKwcjQnP8" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="498" data-original-width="553" height="360" src="https://blogger.googleusercontent.com/img/a/AVvXsEjc5FFW9z7zTzT8c4UY2jx2BMxKJeauICdbJzWxrvn-tURmHb2_RVp3zSeFxKcCTZCCk831LQevd9uzVs5Uq2QLJEesY7XVrb8Y6gPJZhagYrZDup2x2uvqwI4STJV1T80nbq7MoiZD0OefHFRal7o90q80ukaD2dxMTEei5yd62bkyKxkGCRYKwcjQnP8=w400-h360" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-61821060883854250402026-08-04T10:31:37.884+02:002026-08-04T10:31:37.884+02:00Divisia M4 Growth<p></p><div class="separator" style="clear: both; text-align: left;">Divisia M4 grew by 6.83% YoY in June.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg6xu98tvJ1v0V9iPB1VAlhuKf0GNjxwYi0BqgY96qfieYpgNLfg4XXOT9Cn2dTAzwLvoNlZS2vrloelUK_1E5fNAAivEQ2k3Bh6jQFVuDquwZvzpf_E_IgVVRmPgXJagDDd2Mp2wNsP3RSSUDMdAOGN2vwHQ1A7Cq3vNdZi67JY91qf0IejvWeTUz3x7I" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="426" data-original-width="766" height="178" src="https://blogger.googleusercontent.com/img/a/AVvXsEg6xu98tvJ1v0V9iPB1VAlhuKf0GNjxwYi0BqgY96qfieYpgNLfg4XXOT9Cn2dTAzwLvoNlZS2vrloelUK_1E5fNAAivEQ2k3Bh6jQFVuDquwZvzpf_E_IgVVRmPgXJagDDd2Mp2wNsP3RSSUDMdAOGN2vwHQ1A7Cq3vNdZi67JY91qf0IejvWeTUz3x7I" width="320" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-2893909385013905592026-08-03T17:14:03.174+02:002026-08-04T10:17:19.245+02:00Submerged Beach Ball<p>Ball can't stay under water forever.<br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSBAyesnhjNpDUoubrxRZFAPxib-rvvV9i65WJWEx6ohLpAALxytJtZvocTWoEb-1XJRl8wcygS7z0NVzhDkb636Dn3va1Z9r5U3EZFlxW0iAB9stFrlcCVs6_okAMYvdHV48WuqU30j4thqGlL2YYEvie7kG_DkarMWtJYDfemnM7Gw9YlMORfyNP7F0/s1938/IMG_7914.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1294" data-original-width="1938" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSBAyesnhjNpDUoubrxRZFAPxib-rvvV9i65WJWEx6ohLpAALxytJtZvocTWoEb-1XJRl8wcygS7z0NVzhDkb636Dn3va1Z9r5U3EZFlxW0iAB9stFrlcCVs6_okAMYvdHV48WuqU30j4thqGlL2YYEvie7kG_DkarMWtJYDfemnM7Gw9YlMORfyNP7F0/w400-h268/IMG_7914.jpeg" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyGDSKBwJAlNB_PQKti256czdDnrtUjrLYrKEf4RObOpWPTa0q7yBC9VeJ6AmViMihBszrQ3lLEaBa-sgwa26J1nCvzdN2sspw-Z5T_41meOUoT_mllHfOkPKG6Oegk4tulwa4UThoLUOtp5P4ofsEP48b1PWd0IOC5wwP-panHVpUMWebkCFtXoOYclI/s1823/IMG_7913.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1181" data-original-width="1823" height="259" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyGDSKBwJAlNB_PQKti256czdDnrtUjrLYrKEf4RObOpWPTa0q7yBC9VeJ6AmViMihBszrQ3lLEaBa-sgwa26J1nCvzdN2sspw-Z5T_41meOUoT_mllHfOkPKG6Oegk4tulwa4UThoLUOtp5P4ofsEP48b1PWd0IOC5wwP-panHVpUMWebkCFtXoOYclI/w400-h259/IMG_7913.jpeg" width="400" /></a></div><br /><p></p><div>When the Tech Bubble bursts, commodities win.</div><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhTrYapVU1zNRDnv7QkKeK8inat6OElTiUDfi1eVOi2kRlIssUA53vXVGvaTw4Ldj-Q9UiwOdWnoXlOJ-_0TD-9c3iQRUoDZ606rHurjlRN2uDNBdhARTrg4SjMUy2xhE8FXyaiKGfrgVci2K7Xa-_fcvTBS3zHl7qCHfH17b1fpAeMssSisY6Qzt5fwHw" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="841" data-original-width="866" height="300" src="https://blogger.googleusercontent.com/img/a/AVvXsEhTrYapVU1zNRDnv7QkKeK8inat6OElTiUDfi1eVOi2kRlIssUA53vXVGvaTw4Ldj-Q9UiwOdWnoXlOJ-_0TD-9c3iQRUoDZ606rHurjlRN2uDNBdhARTrg4SjMUy2xhE8FXyaiKGfrgVci2K7Xa-_fcvTBS3zHl7qCHfH17b1fpAeMssSisY6Qzt5fwHw" width="309" /></a></div><br /><br /></div>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-35163534477915298082026-07-27T19:02:23.355+02:002026-07-27T19:02:23.356+02:00Fund managers Vs. Gold<p>Gold is close to the bottom. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiX92SV5ETq17swyYKHVdtPgmdaXRolrPhn_-qv6OcZFnYtg9hKjPNkoW4bc8fr2V0YUfQBMbpTjouJGnyN62GR8rgHI3my-qxa00NT53fzMpi2hNQj0bCUEzwH_l5NkkIKhoJrUYaeMrmULxpb4GPX2ZOzJuiHPlTZLWhi4PdaA5wNvVZZVZsy_K5dRNA" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="763" data-original-width="813" height="375" src="https://blogger.googleusercontent.com/img/a/AVvXsEiX92SV5ETq17swyYKHVdtPgmdaXRolrPhn_-qv6OcZFnYtg9hKjPNkoW4bc8fr2V0YUfQBMbpTjouJGnyN62GR8rgHI3my-qxa00NT53fzMpi2hNQj0bCUEzwH_l5NkkIKhoJrUYaeMrmULxpb4GPX2ZOzJuiHPlTZLWhi4PdaA5wNvVZZVZsy_K5dRNA=w400-h375" width="400" /></a></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0tag:blogger.com,1999:blog-2632357035930457754.post-35410327244366695132026-07-27T18:29:41.596+02:002026-07-27T18:29:41.596+02:00Goldman Sachs: TTF gas above 100 EUR/MWH<p>If the war doesn't resolve, expect TTF gas $100 EUR/MWH. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi4jA_r-17zgRxee80DUwdL0DYTenIpBK8y5Yp5cjTCj_E4e1ScrLDu4sdTPcCZzwjuX1PIcGeM8kKTMiKtaAHADxD-LsoQh-In_i3il8XLN918Jv_yXxL2zBrKwy52gzVw0p1IGTgeqS5x-mlC2V33OOtmTuRDKbjoAS0xZxliBEi3zv_IMBxrd2vW2DY" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="877" data-original-width="751" height="400" src="https://blogger.googleusercontent.com/img/a/AVvXsEi4jA_r-17zgRxee80DUwdL0DYTenIpBK8y5Yp5cjTCj_E4e1ScrLDu4sdTPcCZzwjuX1PIcGeM8kKTMiKtaAHADxD-LsoQh-In_i3il8XLN918Jv_yXxL2zBrKwy52gzVw0p1IGTgeqS5x-mlC2V33OOtmTuRDKbjoAS0xZxliBEi3zv_IMBxrd2vW2DY=w343-h400" width="343" /></a></div><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiWTeQwt12_bi6kSitxENEA3vY7EznO6IEiERDgAZUBs_xS-QvOSoxFZL4WMzpBDcKIDIX0jB6JhAgtTBtw3u-8DrcFMK2nUbHWmtYlAWPJRSlONvYl0hW4x-1ylqDpSDhMK3PN4ho5cctcsomlSU-VzYMYZR65gTr_5-tBDaMqUvODv-s4LC9aM5u_xng" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="774" data-original-width="1582" height="196" src="https://blogger.googleusercontent.com/img/a/AVvXsEiWTeQwt12_bi6kSitxENEA3vY7EznO6IEiERDgAZUBs_xS-QvOSoxFZL4WMzpBDcKIDIX0jB6JhAgtTBtw3u-8DrcFMK2nUbHWmtYlAWPJRSlONvYl0hW4x-1ylqDpSDhMK3PN4ho5cctcsomlSU-VzYMYZR65gTr_5-tBDaMqUvODv-s4LC9aM5u_xng=w400-h196" width="400" /></a></div><br /><br /></div><br /><p></p>katchumhttp://www.blogger.com/profile/16885231288918100897noreply@blogger.com0