This episode of “Resource Heads” is about the increasing uranium supply deficit, and the increasingly difficult situation in which the FED has found (brought?) itself.
My good friend Vukasin Pekovic shared with me an interesting paper written by Zoltan Pozsar, a Credit Suisse analyst, who thinks that only an “L-shaped recession can really tame inflation”. Zoltan argues that we need to see interest rates in excess of 5% for inflation to calm down.
The FED’s intention to go that high might have been confirmed by Mary Daly who, according to CNN, said Thursday morning that “raising interest rates by either half or three quarters of a percentage point in September would be a reasonable way to bring inflation down”, and she also said that she doesn’t see the FED pivotting anytime soon.
Further on, Kazakhstan’s Kazatomprom reported that they will not get back to full production by 2024, as previously expected.
Chapman and I discussed that in this week’s video.
I introduced a new segment of “Resource Heads” that is – currently – called “Regular Portfolios”. In this segment, I’ll be talking to viewers of the channel about their lives, portfolios, and investing wisdom.
If you want to be part of the weekly video, I’d be happy to talk to you. Just post a comment, answer to this email, or reach out on Twitter.
What happened in commodities this week?
Commodities had a bad week.
- Copper: -0.11%
- Gold -2.90%
- Silver -7.87%
- Uranium -1.46%
- GSCI -0.39%
The dollar, on the other hand, had a very green week.
- DXY +2.30%
Economic Calendar for Next Week
Monday, 22/08
- Not much
Tuesday, 23/08
- US New Home Sales (Jul)
- Previous: 590K
- Forecast: 575K
Wednesday, 24/08
- US Pending Home Sales (Mom) (Jul)
- Previous: -8.6%
- Forecast: -3.8%
Thursday, 25/08
- German Q2 (YoY) GDP
- Previous: 1.5%
- Forecast: 1.5%
- ECB Accounts of Monetary Policy Meeting
- US Q2 (QoQ) GDP
- Previous: -0.9%
- Expected: -0.8%
Friday, 19/08
- PCE Price Index (YoY) (Jul)
- Previous: 6.8%
- Previous: 6.8%
- Personal Income US (MoM) (Jul)
- Previous: 0.6%
- Expected: 0.6%
- Personal Spending (MoM) (Jul)
- Previous: 1.1%
- Expected: 0.4%
Warning
Antonio Atanasov is not an investment advisor. Antonio Atanasov might own shares of companies mentioned in this publication. Always assume him biased. Some of the companies mentioned in this video and/or publication are paying customers of Resource Talks. More specifically, Core Assets and Western Alaska are paying to be mentioned in this publication. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.
Timestamps
00:00 Important warning
00:10 Intro
02:25 The growing uranium supply deficit
20:15 Lobo Tiggre on the FED, gold, silver, copper & macro
51:30 Regular Portfolios – The Agrologist
01:10:00 Economic calendar for next week
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