Gold is monetary and should not be seen as a commodity. It is money and depends on the 4 prices of money. It’s less dependent on mine supply because the stock to flow ratio is very high.
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Warehouse Stock Level Inventories of Commodities
Warehouse Stock Levels Commodities
Low Aluminum Stock
Aluminum, Copper, Zinc, Nickel Are in Deficit
Aluminum, copper, zinc and nickel will be in severe deficit. Russia is just a bonus.
Stock levels are low, especially nickel.
Goldman Sachs Projects Copper Stock Level
Global copper stock levels are at all time lows
Copper Stock Level Vs. Copper Price
When copper warehouse stock levels go down, this indicates there is a shortage. Copper price goes up.
The LME is the best way to monitor this as it is the largest warehouse.
Stock Screener: Ep. 22: Winston Gold Corp