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Chart Of The Day thread


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On 19/07/2022 at 15:20, Bumble said:

image.thumb.png.38bb0556a4bad016e583529a69122f7e.png

 

This diagram is taken from an official report of the Office of the Comptroller of the Currency, which is a bureau within the US Treasury Dept. The figures for Q1 2022 show a sharp increase in the size of precious metals contracts. These are mostly paper contracts and derivatives, and are what banks use to control the price of gold.

According to Alasdair Macleod, the increase in Q1 2022 is due to the rule changes under Basel 3, and is not of major significance.

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image.thumb.png.627900efa5ad4e1e3656809415ba0ec2.png

This chart compares the cost of some common energy storage solutions (CAES is compressed air). For comparison, a Tesla Megapack currently works out at about $500 per kWh. What charts like this often don't show is that the cost of storing oil, which only requires a steel tank, works out at less than 1 cent per kWh. Astonishing: I had to check the numbers. Storing energy in batteries is about 30,000 times more expensive than storing it as oil. Or, to put it another way, one $2.4 million Tesla Megapack stores 3,900 kWh, which is the same as about two and a quarter barrels of oil, which can be stored for about 35 cents. 

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Crude oil looks a bit weak now.
Good for the common people especially if you have to heat your home & drive to work. 
Or more importantly if you have a fleet of vehicles on the road all day!!! 
And all other industries especially mining! 

The powers to be are trying to destroy our wealth, but it aint working is it. ;) 
The best part is its not the Russia narrative thats causing it as nothing has changed on that front. 
You cant blame putin for it anymore as its nothing to do with him, well it is but not as much as the media portrays. 
This whole weakening of Euro zone recently has the hands of the US written all over it if you ask me (no proof of that though).

oil.png

Edited by Stacktastic
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Stock performance for 2022...

image.thumb.png.09f73374c781b04a871da91f0fc348c5.png

The best trade was long energy / short tech. Buffett did OK with a 4% gain. ARKK crashed 63%. Crispin Odey's flagship European Inc hedge fund was up 150% on the year by betting against long-dated gilts.

Edited by Bumble
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1 minute ago, Bumble said:

Stock performance for 2022...

image.thumb.png.09f73374c781b04a871da91f0fc348c5.png

The best trade was long energy / short tech. Buffett did OK with a 4% gain. ARKK crashed 63%.

Im still long energy - coal for certain Uranium towards the end of the Year

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
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