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An AI-powered podcast by Gold Dragon Investments, helping you win the game of passive investing. For more information, visit GotTheGold.com. I'm your host, Justin 2.0.

This is Market Pulse — Monday's Numbers

Oil Markets
• WTI: $59.21 (up 1.12%)
• Brent: $63.42 (up 1.66%)
• WTI-Brent spread: $4.21
• OPEC maintains current production levels through Q1 2026
• December WTI expected to range between $55-$65 per barrel
• Market excess projected for early 2026
• Key Fibonacci retracement levels: $58.53, $59, $59.47
• 100-day SMA crossed below 200-day SMA (confirming downward path)

Natural Gas
• Henry Hub: $4.77 (down 0.05% from Friday)
• Up 11.74% over past month
• Up 48.36% compared to same time last year
• Colder weather forecasts through December 11th boosting heating demand
• Record LNG exports: 18.1 billion cubic feet per day in November
• US output climbed to fresh high: 109.7 billion cubic feet per day
• Storage withdrawal: 11 billion cubic feet (larger than expected)
• Total US consumption expected to rise from 122.6 to 140 billion cubic feet per day next week

Real Estate
• Mixed market performance in December 2025
• December typically slower due to holidays (creates buyer opportunities)
• Mortgage rates may stabilize or slightly decrease
• Increased housing inventory giving buyers more options
• Portland market favorable for buyers (inventory and price reductions up)
• Texas rural land sales expected slightly higher in 2025 vs 2024
• Single-family rents expected relatively flat
• Existing home sales predicted to increase in 2025 and 2026
• Zillow expects national home prices to increase October 2025 to October 2026

Credit Markets
• SOFR published daily at approximately 8:00 AM Eastern Time
• Mom and pop investors influencing corporate bond market with over $250 billion
• Fixed maturity funds gaining popularity (often guided by social media)
• Federal Reserve began cutting interest rates in September 2025
• Further cuts anticipated through end of year and into 2026
• Markets pricing in potential rate cuts at December 9-10 Fed meeting
• Systematic internalizer regime for bonds removed as of December 1, 2025

Bottom Line
• Oil: Target sub-$50 breakevens, hedge floors above $75
• Gas: Selective exposure, winter contracts locked
• Real Estate: Industrial sub-5.7% caps near logistics hubs
• Credit: Senior secured, SOFR plus 650+, LTV under 65%

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