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Goldman Sachs: 20 Years Left of Mineable Gold

Goldman Sachs: 20 Years Left of Mineable Gold

Video commentary for April 4th 2018

Eoin Treacy's view
A link to today's video commentary is posted in the Subscriber's Area.

Some of the topics discussedd include: Wall Street steadies from the region of its MA, so does Japan, Europe continues to under perform, gold steady while oil firms following yesterday's pullback. copper bounces from $3.

Goldman Sachs: 20 Years Left of Mineable Gold
This article from Goldcore may be of interest to subscribers. Here is a section:

"The combination of very low concentrations of metals in the Earth’s crust, and very few high-quality deposits, means some things are truly scarce." He wrote in the report.

King notes that the intention behind the report was to highlight the areas of scarcity, and demonstrate how scarcity is the ultimate driver of value and investment.

"Perhaps unsurprisingly, these are the so-called precious metals (and diamonds), and that their value is derived from the fact they are rare." He writes, "Gold has been used as a measure of wealth for more than 4,000 years, as the ancient Egyptians soon worked out that gold was not only shiny and heavy, but rare."

He adds that the relative scarcity of the commodity, and "the market’s belief that new discoveries will be limited, is what drives the price of these super-rare commodities."

King’s report falls in line with the forecast made last year, estimating that 2015 will be the year when gold production would reach its peak in the mining industry, a concept known as Peak Gold.

Eoin Treacy's view
Mineral discoveries are a function of geology, technology and price. Shale oil was known about for over a century but was completely uneconomic until technology improved and that changed the pricing structure of the gas, and later the oil markets, beyond recognition. Continues in the Subscriber's Area.

On Target April 3rd 2018
Thanks to Martin Spring for this edition of his letter which reproduces my answer to the question of differences in standards of governance between China and India. Here is a section on North Korea:

Eoin Treacy's view
A link to the full repoort and a section from it are posted in the Subscriber's Area.

Kim’s trip to China last week was no doubt aimed at squaring any plans he has for talks with South Korea and the USA with China. There is no chance that China would tolerate a reunification of the peninsula on the USA’s terms so the best case scenario for the talks is for a normalisation of relations between North Korea and the USA and that would represent a significant victory for both Kim and Trump.

Musings From the Oil Patch April 3rd 2018
Thanks to a subscriber for this edition of Allen Brooks’ everinteresting report for PPHB. Here is a section on autonomous vehicles - a link to the full report and a section from it are posted in the Subscriber's Area.

Google’s Waymo is obviously the leader based on the above statistics in what is likely to be a transformational technology; once commercialised. Nevertheless, this is still an emerging technology that, despite its potential, needs further innovation to reach the point where drivers are optional.

2018, the 49th year of The Chart Seminar

Eoin Treacy's view
The first venue for The Chart Seminar in 2018 will be:

Melbourne on April 16th and 17th. . 

I will also hold an online seminar, probably in May over the course of three or four days.

There will be another Seminar in London in November and I am in initial discussions with a potential partner about organising a New York Seminar.

If you would like to attend or have a suggestion for another venue please feel to reach out to Sarah at [email protected] 

The full rate for The Chart Seminar is £1799 + VAT. (Please note US, Australian and Asian delegates, as non EU residents are not liable for VAT). Subscribers are offered a discounted rate of £850. Anyone booking more than one place can also avail of the £850 rate for the second and subsequent delegates. Continues in the Subscriber's Area.

Long-term themes review March 23rd 2018

Eoin Treacy's view
FullerTreacyMoney has a very varied group of people as subscribers. Some of you like to receive our views in written form, while others prefer the first-person experience of listening to the audio or watching daily videos.
The Big Picture Long-Term video, posted every Friday, is aimed squarely at anyone who does not have the time to read the daily commentary but wishes to gain some perspective on what we think the long-term outlook holds. However, I think it is also important to have a clear written record for where we lie in terms of the long-term themes we have identified, particularly as short-term market machinations influence perceptions.
Here is a summary of my view at present, particularly in view of the events that have transpired this week: Continues in the Subscriber's Area.

Eoin's personal portfolio March 23rd 2018

Eoin Treacy's view
One of the requests subscribers have asked for most over the last few years has been to have an easy way to find what positions I have open at any given time. Therefore, I repost this section on a daily basis and the title will always include the date of my most recent trade. Continues in the Subscriber's Area.


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