Weekend Show – Marc Chandler & Dan Steffens – Market & Commodities Recap: Oil, Nat Gas, Gold and Markets All Higher, Inflation Data Recap
Welcome to the KE Report Weekend Show! This weekend we recap recent US inflation data, discuss what could come from Trump’s inauguration on Monday, and discuss the move higher in energy (oil and natural gas), gold and US markets. The second half of the show is very much focused on what’s driving oil and nat gas higher and the opportunities in the underlying equities.
Shad and I will be at the Metals Investor Forum (MIF) on Saturday and Vancouver Resource Conference (VRIC) on Sunday and Monday in Vancouver. If you are in town and would like to meet up please email us at Fleck@kereport.com and Shad@kereport.com.
- Segment 1 & 2 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market kicks off the show recapping significant market moves and economic data, including the latest US inflation figures and their implications for Fed policy. We also discuss upcoming central bank meetings and the inauguration of President Trump, along with potential impacts on the markets. Marc provides a detailed analysis of the US economy, inflation trends, energy prices, and their potential influences on future inflation data. Additionally, we delve into the rising trends in gold and cryptocurrencies, particularly Bitcoin.
- Segment 3 and 4 – Dan Steffens, President of the Energy Prospectus Group wraps up the show by shifting our focus to the energy sector with a dive into oil and natural gas markets. We discuss the recent rise in natural gas and oil prices, driven by a combination of colder weather, diminishing storage surpluses, and increased LNG exports. Dan covers specific companies poised to benefit from higher natural gas prices, such as Antero Resources and Crescent Energy, and explores the broader market dynamics, including pipeline limitations and international factors. Additionally, the conversation touches on oil market trends, potential political impacts under a Trump administration, and promising opportunities in oil services and pipeline companies. We wrap up with an analysis of Kolibri Global Energy’s (KGEI) growth prospects.
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Click here to visit the Energy Prospectus Group website for more energy market and stock analysis.
If anyone can answer this question, if we need heavy oil to produce diesel fuel and we have to rely on Venezuela and Canada for most of it and we produce mostly light crude in USA why don’t we start to build new refineries here in USA that can use our light oil to make our gas and diesel ??
I know it is about cost but if we use technology and start to build little at time in future we can be totally efficient using our own oil and eliminate all this shipping our oil around world and bringing in heavy oil I would think we would save ton of money and be lot better off years from now.
This country wastes lot money and we give away ton money to other countries we need to start being independent and self efficient when it comes to energy and things that we need for our national security, the world is not going to stop getting harder to deal with, learn from past, Russia, China, etc that control lot of things we need to make weapons, drugs for medicine etc and if we are at war they won’t hesitate to stop flow of this products to slow us down. We need together with our Allies to produce what we need and not rely on our enemies for national security products, Trump wants to buy Greenland for that purpose but we all know he just pushing buttons to bring to light the importance of friendly countries we need to produce raw products instead of relying on chains etc for those raw minerals, make partnership with these countries and in return they will trade with us and we can put a major military base there and protect them like we protect Asian Pacific, Europe, middle east, and south Korea, Japan.
I will stop rambling on but you get idea what I’m saying, let’s start with refineries.
Hello Paul … While i agree with most of what you posted , that would involve the use of common sense & logic , two ideals which the US Govt , appear to lack. Regards your idea of military bases , dont You think the US allready has too many bases , which costs the Country untold $ to maintain , money that could be better spent back home in America.
If America sanctions friendly countries by putting on 25% tariffs as in the case of Canada and Mexico it will just drive them into an alliance with The BRIC’S, and hasten their own decline. America has to learn something they forgot after WW11, and that is its much better to co-operate than bully! Put away “The Big Stick” and learn to settle your differences through negotiation. DT
I think that most countries that we have military bases in are wealthy and should pay for our protection, like Japan, south Korea, Germany, etc
Paul … Do some research a lot of the countries are not wealthy , the US are there to show them who the Big Boss is.
HELLO……….. DO NOT FORGET THE…….. ORPHAN SECTION………….. thanks……………… 🙂
Hi Jerry, Ex is neglecting the orphans again. He’s probably having a tailgate party at the beach. That guy has too much (food) on his plate! LOL! DT
Hello DT………… 🙂
Hi Jerry …. I hate to say this, but , IMO i think Cory & maybe Shad would be happy to drop the political section from the KER.
Hello IRISH………..That would be a shame……. if, they decide to drop the ORPHAN SECTION….
Looks like the mining section ,….. has lost a lot of posters ……
Less posters,….. less information sharing…..
Very little interest in jr mining shares.
Cant blame anyone, jr mining shares have not been the place to be for awhile.
Anyones guess if/when they will be again.
Hello Jerry, Irish, Southfront… Good to find you here on the mining side.
I have not been posting, but I still learn from reading your posts on the orphan/political blog.
We need the political blog!
Thanks TOMMY….. for sharing….. appreciate the comment…..
Hi Jerry …. There is not much positive news in the mining sector to share , Doldrums comes to mind.
That section reminds of a 90’s movie, Grumpy Old Men
Grumpy Old Men ……….. know too much…. 🙂
OOPS…………..
Venezuela: Liberated Rockefeller Fiefdom
1-18-25
Jan 18
Back in January 2011 the Venezuelan oligarchy and their CIA/Big Oil backers held a rally in Caracas dubbed Operation Venezuela. The event, which was countered by supporters of Venezuelan President Hugo Chavez, marked the anniversary of the deposing of Marcos Pérez Jiménez in Venezuela in 1958. But as with all CIA-sponsored Orange/Velvet/Cedar “revolutions” during that time, the contradictions lie within the history books. Jimenez, you see, was a right-wing dictator, the polar opposite of Chavez and his successor Nicholas Maduro.
In 1914 Royal Dutch/Shell subsidiary Caribbean Petroleum discovered the vast Mena Grande oilfield in Venezuela. Foreign oil companies began flocking to the area. When oil was discovered at Lake Maracaibo in 1922, Venezuelan dictator Juan Vicente Gómez allowed Americans to write Venezuela’s petroleum law.
On November 27, 1948 Venezuela’s first democratically-elected President Romulo Gallegos was overthrown on a coup led by Jimenez cronies. Democracy was not restored until 1958 when Jimenez was overthrown. President Romulo Ernesto Betancourt Bello won the election held later that year. The populist Betancourt had been President from 1945-1948. He had transferred power to the novelist Gallegos shortly before the right-wing coup.
Jimenez privatized Venezuela’s economy while littering Caracas with the skyscrapers of multinational corporations and banks. He was tight with both Venezuela’s richest man Gustavo Cisneros and Creole Petroleum. Cisneros is a Rockefeller lieutenant who sits on the board at Bank of Nova Scotia- one of the Big 5 Canadian banks. It owned the 200 tons of gold recovered from beneath the World Trade Center post-911.
Creole Petroleum is an ExxonMobil subsidiary and was founded by the CIA. Creole and the CIA share office space in Caracas. The Rockefeller family-controlled Exxon Mobil is the CIA in Venezuela. Bechtel built the Mena Grande pipeline to service Creole’s Lake Maracaibo oil interests.
Shortly after the 1958 election, Vice-President Richard Nixon visited Venezuela in an attempt to keep Betancourt in the Big Oil/IMF fold. Nixon was instead greeted by millions of angry protesters. Betancourt, who had already forced a 50-50 profit-sharing scheme from Big Oil in his first term, took another left turn. He began funding Castro’s revolutionaries in Cuba and attempted to fully nationalize Venezuela’s oil.
President Dwight Eisenhower responded by introducing quotas on Venezuelan oil, while giving preferential treatment to Mexican and Canadian crude. Betancourt countered in September 1960 when Venezuela joined Iran, Iraq Saudi Arabia and Kuwait at a meeting in Baghdad to launch OPEC as a producer cartel to counter the global economic clout of the Four Horsemen and their various tentacles.
Betancourt embarked on an ambitious land reform program and talked of supporting left-wing FARC rebels in neighboring Columbia. In later 1960 he survived an assassination attempt by agents of Rafael Trujillo, the CIA-installed dictator of the Dominican Republic. It is likely that the Agency itself was involved.
For the next four decades Venezuela underwent an oil industry re-privatization and expansion, becoming the primary source of Four Horsemen oil bound for the US. When oil prices crashed in the early 1990’s Venezuela- once the most modern nation in Latin America- suffered an economic collapse. Its once-thriving middle class was largely thrown back into poverty. It was a wake-up call.
In 1998 Fifth Republic Movement candidate Hugo Chavez was elected President with support from Venezuelan workers and peasants. He railed against US hegemony in his country, announced he would sell oil to friend Fidel Castro in Cuba on favorable terms and established diplomatic ties with Iraq. He announced a land reform program and installed Marxist economists at PDVSA- Venezuela’s national oil company. Chavez talked of diverting Venezuelan oil wealth from Western banks towards a grand development scheme for all of Latin America. OPEC’s articulate Secretary General until 2002 was Venezuelan Oil Minister Ali Rodriguez.
In early 2002 Venezuela’s ruling elite, led by Rockefeller crony Gustavo Cisneros and his Bank of Nova Scotia crowd, attempted to overthrow Chavez. There were reports of US Naval and Air Force involvement. In April Chavez stepped down. Within days, following angry protests from the Venezuelan working class, he was back in power. The pro-US general who led the attempted coup was charged with treason. El jefe fled to Columbia where he was welcomed by the US-backed narco-terrorist Uribe government. In October the Venezuelan oligarchy took another run at Chavez. Again their putsch failed. On December 5, 2002 Chavez stated that the Venezuelan unrest was part of a plot, “to seize the country’s oil industry”.
On January 16, 2003 Chavez left Venezuela amidst a strike led by oligarch oil executives. He appealed for help at the UN, where he handed over leadership of the radical G-77 group of developing nations to Morocco. In late February, after withstanding the strike, Chavez, knowing full well the true power behind the strikers, told the US government to “back off”.
On April 17, 2003 Venezuelan Army Director General Melvin Lopez proclaimed in USA Today that the US government had been directly involved in the attempted February putsch and that he had proof that three US Black Hawk helicopters had been sighted in Venezuelan airspace during that time.
On Christmas Eve 2005 Chavez delivered a speech to his nation in which he said, “…minorities, descendants of those who killed Jesus Christ, control the riches of the world”. He also proclaimed that 911 was an inside job.
In June 2007 Chavez ordered Big Oil to accept the role of junior partner to state-owned PDVSA or leave Venezuela. ExxonMobil and ConocoPhillips both left. He befriended Iran and a wave of Chavez-allied left-wing Presidents came to power in Latin America. The most radical were Evo Morales in Bolivia, Raphael Correa in Ecuador, and Sandinista Daniel Ortega in Nicaragua. Together they used Venezuela’s oil wealth to launch the much anticipated Banco del Sur as a counter to IMF hegemony over their continent.
As Chavez’ attitude towards the international bankers became more defiant, the Four Horsemen began to buy oil from more easily corruptible nations like Mexico and Columbia. By 1990 Exxon was getting 16% of its oil from Columbia, while Chevron procured 26% of its US-bound crude oil from Mexico.
A May 2010 report documenting foreign assistance to political groups in Venezuela, commissioned by the National Endowment for Democracy (NED), revealed that more than $40 million annually is channeled to anti-Chavez groups from US agencies. NED founder Allen Weinstein bragged to the Washington Post, “What we do today was done clandestinely twenty-five years ago by the CIA.”
In January 2011 the Obama administration revoked the visa of Venezuela’s ambassador to Washington after Chávez rejected the nomination of Larry Palmer as US ambassador in Caracas. Palmer had been openly critical of Chavez and has a spooky resume.
He worked with Betancourt’s would-be assassin Rafael Trujillo in the Dominican Republic and cavorted with US-backed dictators in Uruguay, Paraguay, Sierra Leone, South Korea and Honduras. Palmer was to replace Patrick Duddy who was involved in the attempted coup against Chávez in 2002.
A key plank in Chavez’ “Socialism for the 21st Century” program was to reform the financial sector, long dominated by the international banker cartel. Venezuela’s National Assembly has passed legislation that defines banking as a public service. The law requires banks in Venezuela to contribute more to social programs, housing construction efforts, and other social needs. It protects depositors by requiring the Superintendent of Banking Institutions to work in the interest of bank customers rather than stockholders.
In an attempt to control speculation, the law limits to 20% the maximum amount of capital a bank can have out as credit. The law also limits the formation of financial groups and prohibits banks from having an interest in brokerage firms and insurance companies. The Depression-era Glass-Steagall Act had done the same thing in the US until President Bill Clinton repealed it in 1995.
The Venezuelan law also stipulates that 5% of bank profits go to projects approved by communal councils, while 10% of bank capital must be put into a fund to pay for wages and pensions in case of bankruptcy.
According to the Wall Street Journal, “Chávez threatened to expropriate large banks if they didn’t increase loans to small-business owners and prospective home buyers, once stating, “Any bank that slips up…I’m going to expropriate it…” No wonder the CIA killed poisoned him.
Dean Henderson is the author of seven books, including, Big Oil & Their Bankers in the Persian Gulf, Illuminati Agenda 21, Nephilim Crown 5G Apocalypse and Royal Bloodline Wetiko & The Great Remembering. Subscribe free to his Left Hook column at deanhenderson.substack.com
Thanks, any footnotes and references?
Thanks for asking… I would think you could get some of those references from the books he has published… or
you might even be able to email him
Have listened to Dean over the past couple of years. I find his insights on bloodlines and affiliations interesting. FYI, he also believes that no one is allowed to rise to prominence without the powers that be allowing him to… including Trump.
Mostly …historical…if, you go back far enough….
Of course you would need to put the next part of the puzzle together, if, you
read any biblical info…. which he does….
Is ” THIS ” the most EVIL man on the planet ? .
https://www.rt.com/news/611149-netanyahu-threatens-ceasefire-deal/
Perhaps… Zelensky is a close contender, sacrificing his people, under cover of a faux noble cause.
Hello Tommy … Zelensky is a close contender !!! . Correct , but there is a big difference , the people in Ukraine are been sent to their deaths by a crazed J-W…. Meanwhile a crazed J-W in Isreal is murdering inocent men / women / & children ….. You see they are both EVIL ….. SOB’s.
I would add the crazy one in Ukraine is NOT the president.
And the crazy one in Israel in NOT a j-w.
No doubt about it. Trump may have told him to abide by the ceasefire, stop killing defenseless innocent people or he will be cut off from any assistance.
Cut off from any assistance ………… dont make me laugh.
Trump meme coin hits $36 billion overnight.
The new Trump crypto coin exploded in value overnight, surging by a staggering 19,000% from its opening price, data from cryptocurrency trackers showed on Sunday.
That is amazing……. $Trumpster coin……… I bet there are a lot of tic (d) off toc (ers) today… 🙂
How crypto may get caught in partisan gridlock
The majority of Congressional Republicans have already shown themselves as proponents of a pro-crypto, laissez-faire approach to regulation. The party has taken great pains to contrast itself with the more cautious Democrats, who prioritize investor protections and financial oversight.
Indeed, the Grand Old Party’s official 2024 platform states:
“Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”
Emmer, who refers to Trump as the “first crypto president,” says crypto fits into Trump’s broader efforts to stimulate the economy. “We advocate for policies that empower everyday Americans to control their financial futures. By providing clear guidance for crypto businesses, we ensure everyone can confidently engage with this revolutionary technology.”
According to Emmer, Congress’ first priorities vis-a-vis crypto are to “focus on passing comprehensive market structure and stablecoin legislation.”
Article at zerohedge…. worth the read…. JMO
“Crypto is a great investment to keep Americans healthy, wealthy, and wise.” Charles Ponzi! LOL! DT🤣🤣
🙂
“There’s a sucker born every minute” PT Barnum,
Objective…. “be the first one out before the tent falls”…. OOTB…. 🙂
I’m not sure if crypto is a “sucker every minute” thing.
The east is making gold significant, the west has been selling gold and may be being put in a weak position because of that, also retail buying is slow, few people are interested.
The west may be compensating with crypto, also crypto could be a step toward cbdc’s.
I just listened to a fellow on a stansbery research interview that believes every government is moving towards cbdc.
I think its obvious why with the huge profits in crypto people see gold, especially the miners as a back burner option.
One of the big touts for the gold proponents is if only 2% goes into gold then gold goes to multiple 10s of thousands etc.
But that can be said for anything, if 2% decided to buy anything the price goes thru the roof.
In any case, cryptoes just might be here to stay, anything can be used as currency.
Also, metel ownership could be banned, the governments might decide they need it to deal with other governments around the world.
That wouldnt be the first time.
All things considered I’m keeping my metal but am not increasing jr miners until they show me people are interested again.
Who knows how long that will be.
Point on the sucker born every min……
Was……. Trump coin, backed by what?……. and make sure if, you are going to invest
in ANY of the cryptos…, make sure you get out before it FALLS…..
As far as cryptos, they are here to stay, for awhile, who knows how long, …
the younger generation seems to like them, so, they well could be here
way after , I am gone….. maybe
Second point…. anything running to 19,000 % in a day… is parabolic PLUS,
and is sure to retract it’s steps….
I just ran into this show/video above…… after posting my comment to you…concerning,,, crypto scam on Trumpster’s 80% ownership …
Yup, all true Jerry and so was that 19000 %.
Remember bitcoin went from 10 cents to 100k.
Recall Mat and ipt? always a good time to buy as it went from 1.25 to .25.
Compare the two, which way is a young person going?
Maybe silver can go to. what was the last big tout? $2000? an once.
I could be dead first but maybe it can, yet anything can be used as currency.
I think its obvious what people are chooseing.
Boomers like gold, true, but they are dying off.
I dont live in india where gold is liked, china? they have to sell it for the digital currency.
There are places were gold is desired, but here in n. america?
Recall the vids of offering an once of silver or a chocolate bar? People take the chocolate bar.
Metal is niche.
I cant buy gas with gold.
If society collapses will silver save you?
Better to think barter, tobacco,alcohol,food,gas things needed.
If electricity stops and bitcoin,cbdc cant be used, we all dead anyway.
But I do agree with what you say.
Keep diversified………… nothing works all the time…..
BITCOIN…. did not go up 19000 % in one day…..
some of the bitcoin people are upset with Trumpster,….watch the video…
Trump Unveils “Official” MemeCoin Late Friday; 12 Hours Later It Is Up 16,000% To $30 Billion
Tyler Durden’s Photo
by Tyler Durden
LOOKS LIKE someone just lost some cash…..
I didnt say bitcoin went 19000% in 1 day, trumpcoin did, bitcoin went from 10cents to 100k.
My point is which will young people be interested in, crypto or gold jr mining shares?
So far, young people have been correct.
One more tidbit, bitcoin was predicted to go to 1 million each, that would make it years before more people choose jr mining over crypto.
So far its exactly as was predicted years ago, nothing says it wont continue.
I understand bitcoin has little if any intrinsic value,my point is young people see it increasing in price, they dont need anything other than that.
Remember, young people know nothing of history, they are “sheeple” and they know nothing of the result of cbdc’s.
They know nothing of the path to cbdc.
Trump has millions of minions, remember he loves the uneducated 😉
and he plans to make the U.S. the crypto capital of the world.
What do those pcs of the puzzle tell you?
Geez if the trumpcoin isnt a clue I dont know what would be.
It doent matter if it drops to zero.
The minions and sheeple will only remember 19k over night.
an those that lost their mony? they have none left to buy jr miners anyway. lol
Another thing states are starting to talk of bitcoin reserves.
Watch what happens if amazon accepts bitcoin, uuummmm, does bezos know trump?
Of course you did not say… BITCOIN went up 19000% in ONE DAY…. not before I pointed it out … lol…
?
I hope Matthew is well. Miss your charting work.
A lot of people are not showing up………..
Larry, Lake, Ebo, and Glenfedish…..
Wonder if there is any connection to the JAB….. humm
Hi Jerry … It’s left to us from the unclean orphan section , to show some life if this investing section of the KER…………….. What a turnabout …………….. LOL
DITTO IRISH…………….. 🙂
Cory & Ex , are away this weekend at a conference . HAAA…. conference, code word for a Freemasons Jamboree …………………. LOL
Your show is boring, you have the same people on.
You have a point enial.
A wider group of interviews might help.
Here is an idea, find a 2 cent company and interview them, see if the share price increases.
If that worked interest could return.
Years ago I made coin listening to those from kitco, Daniell Cambone? if I recall.
But she left kitco.
321 used to be good for that but too many dogs have been suggested in the last while.
They are dogs because so few people are interested, but a 2cent share might move.
Anyway just an idea.
She has her own show …..so, she is still around, … some of the same old folks appearing….
Remember OWL, use to be on kitco…..
Pour yourself some whiskey, turn on the fireplace and enjoy the Rambus’ article
https://rambus1.com/2025/01/16/an-in-depth-look-at-the-precious-metals-complex/
SFront………………….. the above is a good show… on BITCON………only a couple of mins…
Peter Thiel…. does not seem to like BITCON as much NOW…….
We will see Jerry, one of Trumps goals is to make the U.S. the crypto capital of the world, the guy has many supporters.
Trump talks out of both sides of his mouth… you have to figure out what he is really doing, … which is dang near impossible… unless , …….hummmmm…
Well, we will have to see just what he has in store… TOMORROW…. SLEEP TIGHT…. 🙂
Many folks, esp. here at KER, believe in a Gold backed currency. To the requirements – Medium of Exchange, Store of Value, and Unit of Account – should be added the “D’Artagnan of Money” – Stability! BDC
Well today was a bit of adventure , i went to my house to post some comments , but i found it was closed. Looked around found this one was open , so decided to squat , & post some comments. The supprise was i found others doing the same thing….. Great minds think alike……………….. LOL
THAT is what you get as an ORPHAN … LOL…………… got the drift…. lol 🙂
The Next Phase of Gold’s Bull Market Has Just Begun ……. Very interesting charts in this post.
https://www.zerohedge.com/precious-metals/next-phase-golds-bull-market-has-just-begun
Very interesting… I was going to post it,…. but, did not want to wear out my welcome…. lol… 🙂
You’ll have to do a plea deal! Sometimes it’s okay to be in Trouble! DT😉
Canada is in a Depression. The public still thinks our economy can be stitched together once Trudeau is gone. It is not that easy, it will take maybe a decade to get back to normal times, this time around we will experience real pain. DT
https://theeconomiclongwavejoseph.substack.com/p/canadas-debt-trap-a-nation-living
Collin Kettell is gone at New Found Gold they have been hiring experienced management to take it to the next level. DT
Saudi Arabia: Could Commodities Become The New Foundation?
by Tyler Durden
Monday, Jan 20, 2025 – 07:20 AM
Global finance is shifting, and Saudi Arabia is driving change with bold mineral investments, stronger China ties, and new trade strategies. Commodities could soon become the foundation of a new financial order.
In 2024, Saudi Arabia’s mining minister confidently stated that there are no barriers preventing the Kingdom from striking deals with Canadian companies.
Canada is home to numerous companies with major critical mineral projects worldwide, which opens up significant opportunities for collaboration.
Central banks worldwide have been aggressively stockpiling gold for years, but one very intriguing statistic: Nearly half of global gold purchases since March remain unaccounted for.
Whether through the accumulation of gold, investments in critical minerals, or exploration of non-dollar trade mechanisms, Saudi Arabia is making it clear that it intends to be a defining force in the future of energy, finance, and global trade.
The question is no longer about whether change is coming but how quickly it will unfold.
One thing is clear… Gold remains at the centre of it all.
https://www.fibonomics.com/2025/01/natgas-etf-trading.html
NatGas : ETF Trading : Round Trip (BOIL/KOLD)
One of Trump’s first presidential actions: “President Donald Trump has lifted a moratorium on new US licenses to export liquefied natural gas, making good on a campaign pledge to rescind the measure enacted by his predecessor.”
https://www.msn.com/en-us/money/news/trump-lifts-biden-s-freeze-on-liquefied-natural-gas-exports/ar-AA1xygOS
https://www.tradingview.com/x/dqk1XRfO/
NatGas Update : Top, or Correction?