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Weekends are always turbulent? Will the US gain control of Venezuela's natural resources, and will precious metals rise further?
$CVX $XOM $SLB $BKR $HAL $CBT Besides precious metals, what other oil-related companies are worth investing in?
@realDonaldTrump always brings unexpected surprises on weekends!
👉 Venezuelan President Maduro was subsequently taken into custody; Trump announced, "The US now controls Venezuela."

The Kobeissi Letter
@KobeissiLetter
01-04
This is absolutely insane:
Venezuela currently has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil prices are trading at ~$57/barrel, making Venezuela's total reserves worth $17.3 TRILLION.
Even if the US sells this oil for HALF of the
Gold:
🔥 Gold: Venezuela currently has 161 metric tons of gold reserves, which, at current prices,
are worth approximately $22 billion at $4,300 per ounce.
In addition, Venezuela's Orinoco mining area
also contains 7,000 to 10,000 tons of unmined gold, which, at $4,300 per ounce,
would bring the United States approximately $968 billion to $1.38 trillion in revenue.
🔹

The Kobeissi Letter
@KobeissiLetter
01-04
While everyone is focused on oil:
Venezuela currently holds 161 metric TONS of gold reserves.
161 metric tons is roughly 5.18 million troy ounces, worth ~$22 BILLION at $4,300/oz.
This makes Venezuela the Latin American country with the largest gold holdings.
Every $100 that

Blue Gold (Niobium-Tantalum Ore):
👉As a technological application in modern global electronics and energy,
especially in "smartphones" and "electric vehicles,"
this war will benefit the United States by reducing its import demand for "niobium-tantalum ore."
Related US Company:
@CabotCorp (Ticker: $CBT): Tantalum powder supplier
⚠️The stocks mentioned above are not investment advice.
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Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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