Housekeeping: Support Independent Media
The Reset is a process, not an event
Featured Posts on News Sites :
Scottsdale Mint — Silver Institute: Silver Enters a Squeeze Regime Zerohedge — Silver Institute: Silver Enters a Squeeze Regime Yahoo — Silver Report: There Just Isn't Enough X.com — Oil Slips on Ceasefire Extension Hopes as Physical Tightness Persists
Featured Analysis:
A worse oil shock than in the 1970s?
Commerzbank says the current Iran-driven energy shock is historically large, with oil supply down roughly 12%, exceeding past crises. However, economic damage may be smaller than the 1970s due to lower oil intensity and strategic reserves. Risks remain from prolonged disruptions, natural gas shocks, and supply chain breakdowns.
BOA: Oil Futures are way too Cheap
Oil markets are deeply mispriced. While futures imply a swift normalization after the Iran disruption, physical markets show extreme scarcity, record backwardation, and collapsing inventories. Bank of America argues supply recovery will take months, forcing demand rationing and higher prices, with current forward curves leaving little margin for error in pricing reality.
News & Analysis:
In Another Blow to USD, UAE Threatens to Abandon Peg for Yuan Trades
The UAE has approached the United States for emergency dollar liquidity via potential swap lines as Iran-related tensions threaten oil flows and financial stability. Officials signaled that without reliable dollar access, the country may be forced to settle some oil trade in yuan, introducing pressure on the dollar’s dominance in global energy markets.
Coming Soon
Data on Deck:
MONDAY, APRIL 20 None scheduled
TUESDAY, APRIL 218:30 am U.S. retail sales
WEDNESDAY, APRIL 22 None scheduled
THURSDAY, APRIL 23 S&P flash PMI
FRIDAY, APRIL 24 Consumer sentiment (final)April47.6
GoldFix Members: Exclusive Bullion Pricing Now Available
GoldFix has partnered with Battalion Metals to give our community direct access to institutional-grade physical bullion at exclusive member pricing. Through this partnership, GoldFix members can purchase gold and silver products at pricing typically about 100 basis points below prevailing dealer rates,
***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern
Charts and Final Market Check:
