This is a weekly commodity market overview for the 34th week of 2023 that covers August 21 - August 25.

David Rosenberg, like the entire market, is bearish on China. He explained why in this video: [ Ссылка ]

In this episode, I went through the economic data coming out of China, Powell's speech at the Jackson Hole Symposium, and the BRICS summit. All of which turned out to be nothing burgers.

I also went through 3 headlines that I found interesting during the week, which included:

- Codelco, Chile's state-owned copper producer, is looking into why its copper production is at 25-year lows.

- Two bankers are being sent to jail because of 'spoofing' the physical precious metals market.

- Germany is saying that they won't achieve their climate goals on time.

This week was a uranium news-heavy week, so I invited James Sykes, uranium geologist and CEO of Baselode Energy, to walk me through the news. Note: Antonio should be considered biased towards any related to Baselode Energy as he is a consultant to the company, and owns shares of it, which are currently underwater.

As always, I was joined by Luc ten Have, founder of GoldDiscovery, to discuss the moves in the junior market, which included a 200% move in a very obscure junior stock.

Time stamps:
00:00 Skipping intros is not healthy
02:40 Is China actually not doing well?
09:00 Gold
10:25 Did gold care about the BRICS summit?
12:55 Iron ore is up 8%
16:45 Silver is up 6.5%
20:15 Is Wall Street bullish on precious metals?
21:50 Chilean copper supply keeps falling
28:13 Bankers sent to jail for gold & silver manipulation
33:43 Germany is struggling with climate goals
37:00 Uranium news
01:24:10 Junior market news
01:46:50 Not watching until the end is even less healthy

свернуть