After BMO's star analyst published bullish research notes on vanadium in January (2018), the price of vanadium pentoxide (v2o5) went up another 55%.

One of the largest issues with wind and solar energy sources is the need to store and release the electrical energy produced. A promising storage technology is vanadium redox flow batteries that will increase the demand for vanadium.

I want to focus on the composition of China’s foreign reserves, explain why the liquid portion of the reserves may be much smaller than widely believed, and how that situation is bearish for RMB and bullish for gold.