Economic Thoughts From Rafi Farber and Josh Ccrumb Friday 6-16-2023
Rafi Farber - Treasury Spends Nearly $1 Trillion in June So Far
Arcadia Economics: 6-16-2023
Silver remains in a tight trading range as open interest in silver futures nears a 6 month high. That suggests a price smash ahead for paper traders is a strong possibility in order to get those numbers down.
The possibility of a spot price smash doesn't have much bearing on physical buyers though, since premiums tend to rise on these sorts of events, and physical premiums remain stubbornly around financial crisis highs.
Apparently, silver's back-and-forth since 2021 hasn't discouraged the stackers from doing their thing, so to speak. As for where the next crisis will emerge from, it looks like commercial mortgages is the most likely culprit.
To find out more, click to watch the video now!
The Secret Reason Every Market Seems Broken Today... From Stocks to Gold, Nickel to Carbon
Stansberry Research: 6-16-2023
“What people miss is this transition to what I believe is going to be a medium-term or even long-term supply shock in the commodities space,” says Josh Crumb, president and CEO of Abaxx Technologies.
He explains that we’re entering a period of “structurally higher inflation” and “heightened volatility” that will lead to the fluctuation of gold prices. Additionally, the global commodity infrastructure is underinvested across the board, down from roughly $2 trillion a year to nearly $1.5 trillion even though demand is still growing.
“We’re just chronically underinvested,” in a new environment with “higher volatility and higher interest rates,” he claims. “The capital is not hitting the market like it needs to,” he says.
Finally, he discusses the future of the energy sector and how decarbonization finance could impact that space.
Chapter stamps:
00:00 Abaxx technologies listing
4:52 How can the current exchanges get better?
5:40 Abaxx metal price
7:17 Copper
8:23 LME halts nickel trading
9:40 Gold price
12:09 Commodities/energy
12:55 Silver
13:38 Carbon market