New from Bloomberg: US total oil liquids output (crude + condensate + natural gas liquids) hit a record high in Sept. Looks like President Biden isn't a hindrance to the industry. Very contrary to what Republicans warned. #CoSoFinance https://www.bloomberg.com/opinion/articles/2022-12-07/europe-is-paying-dearly-to-keep-the-lights-on

All three leading silver miner ETFs vs the S&P 500 over the past month. #CoSoFinance

The consumer credit data due later Wednesday may show more evidence of Americans turning to credit cards in the face of rising prices. That build-up in debt comes as savings have deteriorated. Analysts at JPMorgan expect the stimulus payments to have burned off by the middle of next year. #CoSoFinance

#Gold and #silver miners think their shares are too damned cheap. #CoSoFinance

indicators of inflation are cooling quickly.

GDPNow model from Atlanta Fed moved up to +3.8%, an improvement from prior read of +2.8% … net exports moved up alongside smaller uptick in consumption #CoSoFinance

Two great charts on government debt. Rising interest rates will only make things worse. #CoSoFinance https://www.marketwatch.com/story/inflation-wont-bail-out-taxpayers-from-the-rising-burden-of-federal-debt-11670343224

We're hearing about big layoffs in big tech, and banks are laying people off too, as the mortgage market dries up. But outside of some hard-hit industries, it seems MANY others are hiring. #CoSoFinance https://www.bloomberg.com/news/articles/2022-11-28/job-cuts-in-tech-and-banking-don-t-mean-mass-layoffs-in-looming-global-recession

Heavy truck sales up 11% year over year. That does not sound like we are going into recession #CoSoFinance https://www.calculatedriskblog.com/2022/12/heavy-truck-sales-up-11-year-over-year.html

National average price of gasoline now $3.381/gal, just 1.8 cents above a year ago, 17.2 cents below a week ago, via GasBuddy #CoSoFinance

What is driving the rally in precious metals is the breakdown in the U.S. dollar. This sure looks like a bear flag, and the U.S. dollar confirmed its breakdown from the flag on Friday. "Flags fly at half mast." Target: 98.4 #CoSoFinance

Friday was a bearish day for #crude #oil. I'm glad we took those profits recently. Probably lower prices before higher prices. Remember, though, the U.S. govt has a supportive "put" on oil around $70, where it says it will buy for the Strategic Petroleum Reserve

I sent this chart to my Wealth Megatrends subscribers on Friday #gold

#Silver is breaking out, and on high volume. #CoSoFinance

As the world goes electric, net-zero emission goals will double demand for #copper to 50 million metric tons annually by 2035, according to a study from S&P Global. And BloombergNEF estimates that demand will increase by more than 50% from 2022 to 2040. #CoSoFinance https://www.bloomberg.com/news/articles/2022-09-21/copper-prices-fall-despite-signs-of-looming-crucial-metal-shortage

The reason it's hard for people like me to get emotionally invested in Jack Smith -- despite all the gushing praise from liberal thought leaders to the contrary -- is we remember how they said the same thing about Mueller, and we know what a disappointment that turned out to be.

From June, but still worth reading: Projected climb in production and refining of battery metals by country as governments try to diversify supply sources and lessen their reliance on China for so much refining and manufacturing. #CoSoFinance https://www.bloomberg.com/news/articles/2022-06-07/how-a-battery-metals-squeeze-puts-ev-future-at-risk-quicktake

China has become the dominant supplier or processor in the global race for many of metals used in the green energy transition/new greener economy. #CoSoFinance https://www.bloomberg.com/news/features/2022-11-03/china-s-carbon-magnesium-dominance-will-shape-green-economy

#Silver is breaking out today, leading the way higher in metals. #CoSoFinance #PreciousMetals

Sorry, that doesn't look like a recession #CoSoFinance