Gold Peaks, Yet GameStop‑Style Demand Keeps It Alive
My entire feed says gold has peaked and Bitcoin's turn is coming. Then I sat down with Joshua Lim. He sees signs of a blow off top… BUT also GameStop-esque demand propping up the metal 😅 #gold #markets #liquidations
Refineries Drowning in Silver Scrap, Bearish Outlook
Why @BergMilton is bearish silver: refineries are OVERWHELMED with silver scrap, EVEN MORE than in 2011 (prior speculative peak). Well sourced from "largest smelter in New York" Apple🔊https://t.co/bNqmCOVqMV Spotify📽️https://t.co/mnN6Dn02hi https://t.co/ng04tObLMG
2026 Poised for Mining Breakout as Silver Strengthens
Gold stocks ripped in 2025… and the crowd still isn’t here yet. That’s the setup. In my @CSE_News TV chat, I break down why 2026 could be when developers + explorers finally get their moment—and why silver strength matters. Watch: https://t.co/NwTnRuwApf https://t.co/LU31dyl7sv
December Corn Down 3%, November Soy up 4%
🇺🇸After 8 of 19 February trading sessions, December corn is averaging 3% below last year's U.S. insurance price and November soybeans are averaging 4% higher. https://t.co/hSmhgukFMi
January Outages Cut 3 Million Barrels Daily, 18‑month High
CHART OF THE DAY: If anything characterised January was oil outages: Kazakhstan, Venezuela, and the US (due to weather), plus several others. In total, it adds to nearly 3m b/d, highest in about 18 months, according to the @EIAgov https://t.co/Gb7hmQGvLw
Ethanol Output Rebounds to February High Amid Mild Weather
🇺🇸U.S. ethanol production in the first week of February popped right back up to the pre-arctic blast levels, totaling 1.11M bpd, a February best. U.S. temperatures have been unseasonably mild this week, and that should largely continue through the rest of...
Ohio’s Commercial Power Use Overtakes Residential, Fueled by Data Centers
The commercial sector is now the largest electricity consumer in Ohio, driven by data center expansions. Commercial electricity sales surpassed residential sales for the first time on a twelve-month moving average basis in August 2025 and now account for 35%...
US Backs Coal Revival as Indonesia Slashes Output
Two major coal developments in the last 24 hours. 1. White House announcing purchases and support to revive the industry 2. Indonesia just ordered the world's largest nickel mine to sharply cut output. They are also looking to cut coal production by...
USD Soft, JPY Squeeze Persists, Oil Spikes on Iran Tension
$USD is soft ahead of the delayed jobs report. Japanese markets were closed for a national holiday, but the dramatic short squeeze of $JPY continued. WTI is up ~2% as the US-Iran confrontation seems near a climax. ...
Mild Chinese Winter Cuts Heating Demand by up to 6%
CHINA’s winter has been relatively mild so far, limiting gas consumption and imports. Heating demand in the North China metro-region including Beijing, Tianjin and Hebei (home to 109 million people and accounting for 9% of GDP) has been about 2%...
Venezuelan Crude Stuck, Limited Shipments to Europe, India
🇻🇪It seems the trading houses that bought the Venezuelan crude from the Trump administration are having trouble marketing the oil globally. Most of the oil is sent to the US. Here in the map, three tankers are going to Europe...
Trump's Choice on Iran Deal Drives Oil Risk Premium
A high-stakes meeting indeed. If Trump yields to Netanyahu's demand to push for a comprehensive deal covering Iran's ballistic missiles programme and support for regional proxies, possible outcomes: -- Drawn-out negotiations under the looming shadow of military action -- Higher chances of a...
Growth Slows, Yields Rise—Short Treasury Duration
Macro: growth softens, yields rise. Key: sticky CPI, Fed tightening, tight labor. Risks: stagflation, policy error. Trade: short US Treasury duration as real yields climb. — Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
U.S. Grants License to Revive Venezuela's Oil Production
OIL MARKET: Washington issues a new general license to allow oilfield-service companies to work in Venezuela — it’s a crucial step to boost oil output in the Latin American country. https://t.co/ozdDE2MiMZ
US Canadian Crude Imports Plateau; Midwest Saturated, Gulf Pressure Wanes
🇨🇦🛢️🇺🇸 US Canadian crude imports by importing region and crude grade quality Total US plateauing/rolling over Midwest still key Canadian market, but entirely saturated USGC was the pressure valve, but fell back when TMX opened (first went to West Coast, now increasingly China)...
Import Prices Rise Slightly, Showing Tariffs Not Absorbed
Another month of US import price data shows - again - that foreigners aren't broadly eating Trump's tariffs (bc if they were, prices would have collapsed this year - instead they're up slightly) https://t.co/Dwv9hRwxO1 https://t.co/pF66RuUWjN
Gold Nears Breakout: From Panic to Directional Pause
Gold Price Short-term Outlook: XAU/USD From Panic to Pause- Breakout to Decide Direction https://t.co/e2vca3B4h2 $XAUUSD Daily & 240min Charts https://t.co/BsGu6wpKlh
Climax Top Signals Bear Market for Precious Metals
OUT NOW - @BergMilton on: - clear sign of "climax top" in gold & silver - why he expects a precious metals bear market - S&P 500, Bitcoin, Software + Korean stocks & more Apple🔊https://t.co/bNqmCOVqMV Spotify📽️https://t.co/mnN6Dn02hi 1/3 https://t.co/U3F0Pxojhy
Western Canadian Refineries Thrive, Ontario Slows, East Rebounds
🇨🇦🏭⛽️ Canadian refineries are running strong in the West, have seen operations slip faster than seasonally normal in Ontario, and have had a bouncing start to the year in Quebec & Eastern Canada. https://t.co/CY8K1qOKIh
US Refineries Pivot From Canadian to Venezuelan Heavy Crude
US refinery heavy crude sourcing from Canada (red) vs Venezuela (pink), compared to refinery capacity (blue) 2010 on the left, 2024 on the right https://t.co/nKOX5T7tGn
Gulf Coast Refineries Boost Capacity, Replace Imports with Shale Oil
US Gulf Coast refineries (PADD3) have continued to grow distillation capacity while dramatically shrinking imports, displacing imported light and medium crudes with domestic light tight oil from the Shale Patch https://t.co/6EezXrbiQL
USDA Cuts Global Corn, Wheat Stocks; Soy up on Brazil
USDA's estimates for global corn and wheat ending stocks come in below expectations/last month (ending wheat's run of surging each month as harvests surpassed predictions). Soy stocks are up on a massive 180 mmt Brazilian crop. https://t.co/kM88lO1Zbq
Bitcoin Faces Downside Risk; Gold Remains Strong
Technical analysis made simple with Kevin Wadsworth of Northstar & Bad Charts. We break down his case for more downside risk (bitcoin to bottom in Q3/Q4?) and the Capital Rotation Event: why many assets look bearish while gold holds strong....
USDA Lifts Brazil 2025/26 Soybean Forecast to 180 Mt
USDA pushes Brazil's 2025/26 soybean harvest to 180 million metric tons. No changes to corn or to Argentina's crops. https://t.co/D2KarYYtVJ
USDA Lifts Corn Export Outlook, Cuts Ending Stocks
U.S. corn ending stocks decrease from last month as USDA bumps exports to 3.3 billion bushels. Minimal/no changes in wheat and beans. https://t.co/FpMZKyhSPO
Gold and Silver Bull Market Persists, Keep Cash Ready
I had a great chat with Peter Spina @goldseek at #VRIC. We covered why this still looks like a real gold/silver bull market, why I keep cash ready, and where early-stage opportunity is hiding. Full interview 👇
Permian Wells Surge 13% as Crews Work Smarter
The frac spread count measures the number of completion crews actively fracturing a well. In the Permian, the frac spread count averaged ~100 crews in 2025, 3% higher than the 2024 average. Yet operators completed a total of ~6,800 wells,...
Brent Futures Steepen Backwardation, WTI Weakens
The Brent (white) and WTI (blue) futures curves are telling rhyming but importantly different stories right now Both have a backwardated front, depressed belly into contango past 2027 But Brent curve seeing steepening prompt backwardation (70c/bbl now) while WTI weakening (20c) https://t.co/5ZyF18ZPDO
Analysts Anticipate Stable US/World Stocks, Brazil Crop Gains
All trade estimates for USDA's supply & demand report due Tuesday at 11 am CT. On average, analysts don't expect major changes to U.S. and world stocks, though Brazil's corn and soybean crops could increase. U.S. demand will also be...
BP Finally Admits Debt Exceeds $50 Billion, Not $22 Billion
Regular readers know we at @Opinion had flagged BP had far more debt than the company's prefered metric (~$22 bn). Look at net debt + hybrids + leases + off-balance sheet items and it's >$50 bn. Now, BP acknowledges the issue...
Gold Surges Past $5,000 Amid Debt Monetization Fears
Gold is back above $5,000. The rise in gold is one manifestation of the debasement trade, which is about markets seeking safe havens from debt monetization. Big thanks to @DavidWestin from @BloombergTV for all the right questions and a great...
BP's Looney and Auchincloss Tenure a Board‑Enabled Disaster
Further thought on BP: Today proves, if ever there was a need of further proof, what a disaster the tenure of Bernard Looney and Murray Auchincloss were for the UK oil major. (...all permited / encouraged by a weak board...)
BP Halts $750M Quarterly Buyback Over Mounting Debt
In view of BP's announcement this morning it's cancelling its $750-million-a-quarter share buyback, let me re-publish yesterday's @Opinion note arguing the British oil major couldn't afford it anymore. It comes down to debt -- lots of debt. https://t.co/23vNRD4Nsw
China May Smash Coal Output Record if Imports Fall
Will China's coal production hit another record this year? 🇨🇳🪨 China’s main coal industry body warns that imports may fall if Indonesia moves to restrict shipments They see production hitting a record 4.86 billion tons in 2026, but could go higher if...
Russian Tankers Route to Singapore Despite Sanctions, China Shift
Russian oil tankers list Singapore as destination amid sanctions and shift to China, LSEG data shows https://t.co/1md44bH813
Seventh Sanctioned Russian LNG Tanker Navigates Red Sea
⛄️⛄️⛄️Sanctions? What sanctions? Where are you going, Zarya? This is going to be the 7th LNG carrier passing the Red Sea carrying Russian LNG. This is a sanctioned tanker carrying LNG from the sanctioned Arctic LNG 2. Map from @Kpler
India Shuns Urals, China Gets Cheaper Russian Oil
🇮🇳Indian refiners' reluctance to take Russian Urals crude shipments is pushing these discounted cargoes toward buyers like China & others, making them even cheaper in those markets—while the Indian refiners turn to replacement crudes at international prices. An Urals cargo...
Mexico’s Refineries Hit Highest Crude Processing Since 2014
🇲🇽🏭 Mexican refineries are processing more crude right now than any time since 2014. Thanks most obviously to the start-up of the Dos Bocas refinery, but helped along by high utilization across other large facilities. https://t.co/wEpnmiM8He
Gold Surges Past $5,000 Amid Reckless Fiscal Policy
Gold is back above $5,000. The rally in precious metals is reckless and crazy, but so is global fiscal policy. At some point over the past 20 years, policy makers who believe in keeping public debt stable stopped existing. Makes...
Brazil's Corn, Soybean Harvests Expected to Rise; Argentina Steady
🇧🇷Analysts are expecting upside to Brazil's corn and soybean harvests in USDA's report on Tuesday. 🇦🇷Argentina's crops, on average, are not predicted to move much from the January forecast. https://t.co/D3Jg3BAIYv
Canadian Oil Output Hits Record, Boosting Continental Production
📊 Fresh N. American Oil Data 📊 Continental petroleum output hits fresh high-water mark with Canadian supply reaching all-time highs amidst a bounceback in oilsands activity, offsetting flat-ish production in the US and Mexico Check out the Full report: https://t.co/7Xk7El7r1l
Wheat Export Inspections Outpace USDA Target by 61 M Bushels
Marketing year to date #wheat export inspections exceed the seasonal pace needed to hit USDA's target by 61 million bushels, up from 56 million bushels the previous week. #oatt
LNG Tightens Longer as Qatar, US Delays Stall Supply
Global LNG market is at risk of being tighter for longer 🚢 ⚠️ 🇶🇦 Qatar is pushing back start of its massive expansion to end 2026 🇺🇸 Golden Pass plant in the US delayed to at least March Supply chain bottlenecks threaten...
US Corn, Wheat Inspections Beat Forecasts; Beans Headed to China
🇺🇸U.S. corn & wheat export inspections exceeded all trade estimates last week. Two-thirds of the week's inspected bean cargoes were destined for China, predominantly out of the Gulf. https://t.co/e3b34Q6I3g
Corn and Soybean Export Inspections Top Weekly Totals
Export inspections for the week ending Feb. 5 (mln bu) #corn 51.5, grain sorghum 4.9, #soybeans 41.7, #wheat 21.3 #oatt
Permian Operators Complete 3,600 Wells via Simul Frac
U.S. operators in the Permian region of Texas and New Mexico completed ~3,600 wells in 2025 using simultaneous hydraulic fracturing (simul frac), a technique that minimizes completion crew time on well pad sites by completing two wells simultaneously. https://t.co/FxdE8jlBs7 Well completion occurs...
Cuba's Fuel Shortage Forces Airport Closures and Hotel Shutdowns
Cuba is running out of oil. The island warned airlines that they wouldn't be able to re-fuel at its 9 major airports from Tuesday for at least one month. The Communist government has closed international hotels to save fuel, too. In...
USDA Confirms 264
USDA confirms the sale of 264,000 tons of U.S. soybeans for delivery to China in 2025/26.
2020 Model Predicted No Oil Peak; Experts Now Retreat
🚨Today's news vs my prediction 5 years ago: 👔My model to 2050 showed no peak in oil demand. That was in 2020. 🪶Many have retreated from their "peak demand" predictions. The latest is from Vitol: 🐼Vitol Pushes...
Trump Tariff Keeps India From Returning to Venezuelan Oil
🔴 Here is something to think about: 🇮🇳 If President Trump had not imposed the additional 25% tariff on India for importing Russian oil—and with Venezuelan crude now becoming available—would Indian refineries resume buying Venezuelan oil, as they did in the...