Steve Hanke Johns Hopkins University
Steve Hanke is a professor of applied economics at Johns Hopkins University and one of the world's best-known authorities on inflation, currency regimes, and hyperinflation. A former economic adviser in the Reagan administration, he publishes a widely followed weekly inflation dashboard on X.
Grade A+
66 Predictions 1 Right 0 Wrong Current predictions Diesel : Steve is bullish on diesel, with no stated time horizon. (updated 2026-11-10) Source: Following a renewed wave of Ukrainian strikes on Russian refineries, Russian state-owned oil group Rosneft has restrict… . Price at prediction: $4.17. +1.0% since initial prediction.Gold : Steve is bullish on gold, with no stated time horizon. (updated 2026-11-04) Source: According to the World Gold Council, central bank gold purchases jumped 42% in the third quarter to 321 metric tons. BU… . Price at prediction: $4,148. -3.8% since initial prediction.Commodities : Steve is bullish on commodities, with no stated time horizon. (updated 2026-11-03) Source: Commodity market guru Jeff Currie on rebuilding the world’s oil supply for a WARTIME era. “There’s a longer-term regime… . Price at prediction: $33.58. -8.2% since initial prediction.Oil : Steve is bullish on oil, with no stated time horizon. (updated 2026-11-01) Source: Thanks to Trump's war of choice on Iran, the IMF says oil could hit $130/bbl from late 2026 into early 2027, while Asia… . Price at prediction: $82.53. +4.6% since initial prediction.Copper : Steve is bullish on copper, with no stated time horizon. (updated 2026-10-31) Source: The Yangshan premium, the extra amount Chinese buyers pay above the London benchmark for imported copper, has TOPPED $2… . Price at prediction: $6.46. -3.0% since initial prediction.Silver : Steve is bullish on silver, with no stated time horizon. (updated 2026-10-28) Source: BRACE YOURSELF! This Is Now The BIGGEST Bubble Of ALL TIME | Prof Steve Hanke . Price at prediction: $64.87. -20.2% since initial prediction.Intermediate Treasuries : Steve is bearish on Intermediate Treasuries, with no stated time horizon. (updated 2026-09-30) Source: Steve Hanke: Is America Heading for Economic Catastrophe? . Price at prediction: $92.97. +2.2% since initial prediction.Long-Term Treasuries : Steve is bearish on Long-Term Treasuries, with no stated time horizon. (updated 2026-09-03) Source: Rates To Jump 50 Basis Points: ‘Red Zone’ Next Warns Economist Steve Hanke . Price at prediction: $82.52. +1.9% since initial prediction.Prediction history Diesel : 2026-11-10 — Steve is bullish on diesel. (source: Following a renewed wave of Ukrainian strikes on Russian refineries, Russian state-owned oil group Rosneft has restrict… ) Price at prediction: $4.16.Diesel : 2026-11-05 — Steve is bullish on diesel. (source: US diesel inventories have dropped below 100 million barrels for the FIRST TIME IN OVER TWO DECADES. STAY LONG DIESEL A… ) Price at prediction: $4.32.Gold : 2026-11-04 — Steve is bullish on gold. (source: According to the World Gold Council, central bank gold purchases jumped 42% in the third quarter to 321 metric tons. BU… ) Price at prediction: $4,057.Commodities : 2026-11-03 — Steve is bullish on commodities. (source: Commodity market guru Jeff Currie on rebuilding the world’s oil supply for a WARTIME era. “There’s a longer-term regime… ) Price at prediction: $32.44.Oil : 2026-11-01 — Steve is bullish on oil. (source: Thanks to Trump's war of choice on Iran, the IMF says oil could hit $130/bbl from late 2026 into early 2027, while Asia… ) Price at prediction: $104.12.Copper : 2026-10-31 — Steve is bullish on copper. (source: The Yangshan premium, the extra amount Chinese buyers pay above the London benchmark for imported copper, has TOPPED $2… ) Price at prediction: $6.48.Gold : 2026-10-28 — Steve is bullish on gold. (source: BRACE YOURSELF! This Is Now The BIGGEST Bubble Of ALL TIME | Prof Steve Hanke ) Price at prediction: $4,081.Silver : 2026-10-28 — Steve is bullish on silver. (source: BRACE YOURSELF! This Is Now The BIGGEST Bubble Of ALL TIME | Prof Steve Hanke ) Price at prediction: $54.04.Gold : 2026-10-28 — Steve is bullish on gold. (source: Steve H. Hanke: Why Money Supply Matters for Inflation and Asset Prices ) Price at prediction: $4,081.Commodities : 2026-10-28 — Steve is bullish on commodities. (source: Steve H. Hanke: Why Money Supply Matters for Inflation and Asset Prices ) Price at prediction: $33.81.Oil : 2026-10-28 — Steve is bullish on oil. (source: Steve H. Hanke: Why Money Supply Matters for Inflation and Asset Prices ) Price at prediction: $101.94.Diesel : 2026-10-28 — Steve is bullish on diesel. (source: Steve H. Hanke: Why Money Supply Matters for Inflation and Asset Prices ) Price at prediction: $4.64.Oil : 2026-10-24 — Steve is bullish on oil. (source: The US Department of Energy has authorized an emergency release of up to 400,000 barrels from the Strategic Petroleum R… ) Price at prediction: $103.27.Oil : 2026-10-23 — Steve is bullish on oil. (source: According to Kpler, China’s onshore crude inventories fell at a RECORD 1.6 MILLION bbl/day in September. China will eve… ) Price at prediction: $101.20.Copper : 2026-10-22 — Steve is bullish on copper. (source: Copper will be in deficit by 2028. $332 BILLION in new mines is required to close the gap. But, a new copper mine takes… ) Price at prediction: $6.43.Commodities : 2026-10-21 — Steve is bullish on commodities. (source: Copper is approaching a record $15,000/tonne. BHP, the world’s largest mining company, says copper has overtaken iron o… ) Price at prediction: $33.58.Diesel : 2026-10-08 — Steve is bullish on diesel. (source: Following Trump's threats to ban diesel exports, the G7 announced that it would release 100mn barrels of diesel fuel fr… ) Price at prediction: $4.86.Gold : 2026-10-08 — Steve is bullish on gold. (source: The Central Bank of China bought a WHOPPING 21 TONNES of gold in September. That's its LARGEST monthly purchase in thre… ) Price at prediction: $4,146.Oil : 2026-10-06 — Steve is bullish on oil. (source: Russell Hardy, head of the world’s largest independent oil trader, Vitol, says the global energy crisis is now turning… ) Price at prediction: $89.98.Intermediate Treasuries : 2026-09-30 — Steve is bearish on Intermediate Treasuries. (source: Steve Hanke: Is America Heading for Economic Catastrophe? ) Price at prediction: $89.45.Diesel : 2026-09-20 — Steve is bullish on diesel. (source: Just as US diesel prices hit RECORD HIGHS, ExxonMobil’s refinery in Joliet, Illinois was forced to SHUT DOWN because of… ) Price at prediction: $4.84.Oil : 2026-09-19 — Steve is bullish on oil. (source: Organization for Economic Co-operation and Development (OECD) countries in Europe imported 577,000 barrels a day of Sau… ) Price at prediction: $96.08.Diesel : 2026-09-18 — Steve is bullish on diesel. (source: The US heating oil crack spread, the difference between crude oil and heating oil prices, has SURGED to $117 a barrel.… ) Price at prediction: $4.86.Copper : 2026-09-18 — Steve is bullish on copper. (source: The world's LARGEST copper mine, which is located in Indonesia, was hit by a fatal mudslide in September. Freeport-McMo… ) Price at prediction: $6.67.Diesel : 2026-09-17 — Steve is bullish on diesel. (source: S&P Global reports that global diesel fuel exports in August were down by 25% from a year earlier. S&P Global concludes… ) Price at prediction: $4.88.Oil : 2026-09-13 — Steve is bullish on oil. (source: Commodity market guru Jeff Currie on the SOARING crude oil prices: “I have never seen so many chokepoints being hot… Th… ) Price at prediction: $100.05.Oil : 2026-09-12 — Steve is bullish on oil. (source: Piper Sandler warns that shrinking global oil buffers and disrupted Middle East crude exports are converging ahead of p… ) Price at prediction: $100.05.Diesel : 2026-09-12 — Steve is bullish on diesel. (source: Industry officials at the Asia Pacific Petroleum Conference warn that the global diesel market HAS NOT SEEN THE WORST O… ) Price at prediction: $4.77.Diesel : 2026-09-12 — Steve is bullish on diesel. (source: US diesel prices have reached a RECORD HIGH of $6.06 a gallon. That is the FIRST TIME IN HISTORY that the national aver… ) Price at prediction: $4.77.Oil : 2026-09-10 — Steve is bullish on oil. (source: Saudi Arabia is RUNNING OUT OF OPTIONS to export its oil. With the Strait of Hormuz effectively closed and Houthi attac… ) Price at prediction: $103.93.Gold : 2026-09-09 — Steve is bullish on gold. (source: The Central Bank of China bought a WHOPPING 650,000 troy ounces of gold in August. That's its LARGEST monthly purchase… ) Price at prediction: $4,463.Oil : 2026-09-09 — Steve is bullish on oil. (source: If attacks on shipping in the Middle East intensify, Goldman Sachs warns that crude oil could REACH $120 per barrel. ST… ) Price at prediction: $94.47.Copper : 2026-09-09 — Steve is bullish on copper. (source: The price of copper on London's LME is SOARING. Morgan Stanley now reports that this year could mark the first annual d… ) Price at prediction: $6.76.Copper : 2026-09-07 — Steve is bullish on copper. (source: Copper notched its 10th straight weekly gain, the LONGEST STREAK since 1994. STAY LONG COPPER. https://x.com/steve_hank… ) Price at prediction: $6.68.Diesel : 2026-09-07 — Steve is bullish on diesel. (source: Diesel hit an ALL-TIME HIGH of $5.85/gal in the US. That's above the 2022 record. STAY LONG DIESEL AND REFINED PRODUCTS… ) Price at prediction: $4.54.Oil : 2026-09-05 — Steve is bullish on oil. (source: As Trump’s war on Iran constrains Middle Eastern oil supplies, Asian buyers are now stepping up crude purchases from Br… ) Price at prediction: $91.48.Gold : 2026-09-04 — Steve is bullish on gold. (source: RBC forecasts gold will REACH $5,000 per ounce by the end of 2026 and $5,300 per ounce in 2027. I STICK TO MY FORECAST… ) Price at prediction: $4,513.Diesel : 2026-09-04 — Steve is bullish on diesel. (source: Diesel is trading at over $100/barrel premium over crude in Europe for the FIRST TIME IN HISTORY. STAY LONG DIESEL AND… ) Price at prediction: $4.55.Diesel : 2026-09-03 — Steve is bullish on diesel. (source: The average cost of diesel fuel in the US is $5.69/gallon. That's nearing its April war-time high. Global refining shor… ) Price at prediction: $4.60.Oil : 2026-09-03 — Steve is bullish on oil. (source: Oil stocks at Cushing, Oklahoma, the largest private oil storage site in the US, have fallen to just 22 million barrels… ) Price at prediction: $91.67.Intermediate Treasuries : 2026-09-03 — Steve is bearish on Intermediate Treasuries. (source: Rates To Jump 50 Basis Points: ‘Red Zone’ Next Warns Economist Steve Hanke ) Price at prediction: $92.18.Long-Term Treasuries : 2026-09-03 — Steve is bearish on Long-Term Treasuries. (source: Rates To Jump 50 Basis Points: ‘Red Zone’ Next Warns Economist Steve Hanke ) Price at prediction: $81.95.Oil : 2026-09-02 — Steve is bullish on oil. (source: The US Strategic Petroleum Reserve fell by 3.1 million barrels to 286.6 million barrels. That is the LOWEST LEVEL since… ) Price at prediction: $89.85.Gold : 2026-09-01 — Steve is bullish on gold. (source: Goldman Sachs expects gold to reach $4,900/oz by the end of 2026. The bank cites continued strong central bank buying a… ) Price at prediction: $4,503.Diesel : 2026-08-28 — Steve is bullish on diesel. (source: Ukrainian drones have taken out another major Russian oil refinery. One of Russia's biggest oil companies, Lukoil, now… ) Price at prediction: $4.17.Gold : 2026-08-27 — Steve is bullish on gold. (source: Citi raised its near-term gold target to $4,800 an ounce, while JPMorgan notes gold could reach $5,000 an ounce. I STIC… ) Price at prediction: $4,673.Copper : 2026-08-20 — Steve is bullish on copper. (source: The US imported over 200,000 TONNES of refined copper in July, the largest monthly amount in 12 YEARS. STAY LONG COPPER… ) Price at prediction: $6.46.Oil : 2026-08-20 — Steve is bullish on oil in the short term (Aug–Oct 2026). (source: My take in @FortuneMagazine on how the bond market is the ONLY MARKET that's pricing risk: "The equity market is sleepw… ) Price at prediction: $84.49.Intermediate Treasuries : 2026-08-20 — Steve is bearish on Intermediate Treasuries. (source: My take in @FortuneMagazine on the BOND VIGILANTES: "The bond vigilantes have come out of hibernation to punish reckles… ) Price at prediction: $93.39.Gold : 2026-08-19 — Steve is bullish on gold. (source: In Kitco News’ most recent Weekly Gold Survey, 90% of polled analysts were bullish on gold’s outlook in the short term.… ) Price at prediction: $4,416.Oil : 2026-08-19 — Steve is bullish on oil. (source: Commodity market guru Jeff Currie on it's just a matter of time before oil prices will SURGE: “In August [oil inventori… ) Price at prediction: $84.75.Gold : 2026-08-18 — Steve is bullish on gold. (source: The weekly gold premium in China, the gap between the price of physical gold in China and the comparable international… ) Price at prediction: $4,450.Gold : 2026-08-18 — Steve is bullish on gold. (source: What Happens When Yen Collapses? Economist Steve Hanke On Next Currency Crisis ) Price at prediction: $4,465.Oil : 2026-08-16 — Steve is bullish on oil. (source: As Trump's war on Iran SQUEEZES global oil supply, the U.S. Strategic Petroleum Reserve reaches critical lows. TRUMP'S… ) Price at prediction: $82.40.Gold : 2026-08-15 — Steve is bullish on gold. (source: Duetsche Bank estimates that central bank gold demand HIT A RECORD $45 BILLION in the second quarter of this year. BUY… ) Price at prediction: $4,437.Silver : 2026-08-13 — Steve is bullish on silver. (source: Silver just SURGED to a 7-week high near $66/oz, up nearly 70% YoY. Safe-haven buyers and solar/grid manufacturers are… ) Price at prediction: $64.87.Oil : 2026-08-12 — Steve is bullish on oil. (source: As a result of Trump's war of choice on Iran, the U.S. Energy Information Administration has RAISED its crude oil price… ) Price at prediction: $82.58.Oil : 2026-08-12 — Steve is bullish on oil. (source: Crude oil stocks in China’s Shandong province FELL by 35 million barrels in July. That's the biggest monthly draw in OV… ) Price at prediction: $82.99.Oil : 2026-08-11 — Steve is bullish on oil. (source: My take in @NEWSMAX on the inevitable oil price spike: "Once you run out of inventory, you no longer have a deficit, yo… ) Price at prediction: $83.14.Oil : 2026-08-11 — Steve is bullish on oil. (source: Crude oil stocks in the US Strategic Petroleum Reserve FELL by 6.1 million barrels last week. That's the biggest draw i… ) Price at prediction: $81.62.Oil : 2026-08-09 — Steve is bullish on oil. (source: I spoke with @wealthion on what will be an inevitable oil price spike: “Inventories have made up for the deficiency com… ) Price at prediction: $78.18.Oil : 2026-08-06 — Steve is bullish on oil. (source: The Bond Market Is Flashing a Major Warning | Steve Hanke ) Price at prediction: $77.31.Intermediate Treasuries : 2026-08-06 — Steve is bearish on Intermediate Treasuries. (source: The Bond Market Is Flashing a Major Warning | Steve Hanke ) Price at prediction: $92.97.Long-Term Treasuries : 2026-08-06 — Steve is bearish on Long-Term Treasuries. (source: Yen Bailout Failing? Are Bond Vigilantes Back? Economist Steve Hanke Answers ) Price at prediction: $82.52.Oil : 2026-07-29 — Steve is bullish on oil. (source: Crude oil stocks in the US Strategic Petroleum Reserve FELL by 3.7 million barrels last week to 307.7 million barrels.… ) Price at prediction: $82.53.Gold : 2026-07-22 — Steve is bullish on gold. (source: $20,000 Gold Revalue? Can It Erase U.S. Debt? Economist Steve Hanke Answers ) Price at prediction: $4,148.