Actionable Intelligence Alert with John Polomny

The Central Bank of Canada and the ECB both cut rates this week. This continues the trend of central banks around the world cutting rates and increasing liquidity. This will be a multi-year trend and should be long-term bullish for hard assets.
 

The US Energy Secretary must have gotten the memo from the powers that be that we need to build 100 more Plant Vogtle-size nuclear reactors to curb "climate change."
The real reason is that Blackrock, Google, Amazon, and Microsoft need a huge amount of power for the data center and AI buildout.

Gold and other commodities are correcting after becoming overbought in the short term.
I discuss why commodities, including gold, will likely head higher.
I discuss some important slides from the 2024 In Gold We Trust slide deck.

The global PMIs are above 50, which indicates economic growth. Raw material prices are increasing as copper briefly exceeded $5 per pound this week before returning below $5.
Gold is back above $2400, and silver is now playing catch up to gold as it rises above $30.

This week's video is a short one, guys, as I was traveling and had a bit of the sniffles.
Copper supply is becoming more challenged as demand continues to ramp.
Elon Musk's illegal immigration tweet gets 42.5 million views.

The FED kept rates steady during last week's FED meeting. However, they did lower the amount of the QT, which is loosening the financial conditions.
They did this to help the Treasury, which is having a hard time selling the deluge of new Treasury debt being issued because of the US government's out-of-control spending.

I believe we are already in a cold WWIII based on the continuing collapse of the post-WWII rules-based order dominated by Pax Americana.
As a new multi-polar world emerges, dominated by the global east and south, we will likely see economic, political, and social upheaval. This will create investing and speculating opportunities for those who understand the changing landscape.
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"The gap is humungous, and I am actually very worried about whether we will be able to close (it),” Barton said via video link at the Ecosperity conference in Singapore.
This lack of investment will lead to a shortage of new supply, which will cause higher prices and higher returns for mining companies with mines that can produce.

Like many other resources, copper has been underinvested in for years. As the push to electrify the economy in the West combines with emerging demand for electricity consumption in the global South and East, we can expect higher prices to facilitate the closing of the emerging copper supply/demand deficit.

Global PMIs for March 2024 were released last week. The readings continued to show an increasing strength in the global economy. This strength is leading to more demand for energy and metal inputs, and we are seeing prices for these move higher in response.