Live: Understanding the Financial World to Make More Profit
In today’s live webinar I went through my stocks and crypto portfolio, I shared what I have been doing and also what my plans are for the future. I then went through the forex setups and Ashley also shared his and the Earth and Sky pairs. This is not financial advice but just what I do, do your own research before investing your money.
Around the world in 60 min
I stressed in the webinar why it is important to read the news and keep up with it. Not many of us knew in the webinar why GOLD skyrocketed at the open. It was because there was news about a potential war breakout between USA and Iran. If there is uncertainty in the world investors rush to safe havens, One of them is GOLD.
US threatens ‘appropriate responses’ after Iran-backed assault on commercial ships
I then went on to show that the COP28 President Sultan Al Jaber made a comment that there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C, unless unless you want to take the world back into caves.
This caused a lot of backlash and he later went on to dismiss the comments he made.
Cop28 president says there is ‘no science’ behind demands for phase-out of fossil fuels
Oil is dropping and hence why the OPEC are trying to cut oil production among themselves so that they can control the price of oil and make sure it doesn’t become too cheap. This is a clue that the Oil stocks could go up in the future when the price of Oil starts pulling back.
OPEC+ agrees to deepen voluntary oil output cuts
What is also bizarre is that although the COP28 nations are agreeing to cut fossil fuel use and triple renewable energy.
The data shows that almost all companies are ignoring warnings from climate scientists that new oil and gas fields cannot be developed if global temperature rise is to be kept to the internationally agreed 1.5C limit. It also shows that:
- $170bn has been spent by the industry on exploration for new oil and gas reserves since 2021.
- 96% of the 700 companies that explore or develop new oil and gas fields are continuing to do so.
- More than 1,000 companies are planning new gas pipelines, gas-fired power plants or liquified natural gas (LNG) export terminals
Source: Reuters
Cop28 host UAE has world’s biggest climate-busting oil plans, data indicates
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The dark side of Solar power
I also spoke about some of the renewable sources of energy. They might seem green energies but they all have some disadvantages. Such as the windmills are being closed down by Sweden. There is data showing that Windmills are not very effective in some seasons of the year. So countries can’t fully rely on it. It’s the same for the United Kingdom.
Similarly, Solar power has its own dark side. Solar panel capacity is bound to increase in the coming years as the demand for it has increased. But the main disadvantage is the recycling costs as per research by Harvard Business Review. With the current capacity, it costs an estimated $20–$30 to recycle one panel. Sending that same panel to a landfill would cost a mere $1–$2. We can already see the big price difference and it wouldn’t be a surprise if companies went for the second option until it is possible to do so to save on costs.
I also showed you the alarming concerns about disposing of electric car batteries. Although Electric car companies show that they are producing the cars in a green environment they don’t show how much waste has to be dug up to get 1kg of lithium. Approx 2,000 lives are lost a year in this dangerous mining. But the main problem is they haven’t found a way yet to recycle these batteries safely. This will be a huge problem in the coming years once the battery’s shelf life comes to an end and needs a replacement.
Here is an interesting article that shows the hidden costs of electric cars and how they produce more emissions than normal petrol cars.
The hidden eco-pitfalls of the NetZero cause’s pin-up
I also shared in the webinar that Nuclear Power plants are one of the most energy-efficient ways of producing energy. I also gave you a clue that one of the metals Uranium surge in the future. Why? Because Uranium is used in Nuclear plants. So if the demand increases for this metal it will result in the price increasing. I showed you some stocks which you can keep an eye on. Uranium has been in an uptrend since last year. But if you are thinking of buying we need big pullbacks.
If you read the article below you will see that most of the countries that are planning to build new reactors are in Asia. This is a clue that they are trying to phase out some of their old coal factories. This will eventually gradually drop the demand for coal in China. This will have an impact on Australia directly as coal is their second biggest export to China and other Asian countries,
Plans For New Reactors Worldwide
You can see how everything is interlinked. This is why it is important to keep an eye on the news and at least have some idea of what is happening around the world. It will help you to be one step ahead and plan for the future.
You can watch the full webinar below:
Kind regards,
Marc
