So: shall the FOMC really raise on Wednesday? For better than two years we’ve herein pointed out ad nauseam that inflation has been running on balance well-above the Fed’s targeted +2% level, even as those in denial have instead clamoured for rate cuts.
This gold repatriation trend underscores the importance of holding physical gold free from counterparty risk.
If you think about it, mining and energy now is the intersection of AI, hyper-scalers capex, defence spending, infrastructure, electrification, decarbonisation.
Virtually all resources are now scarce.
In March 1921, officials at the United States Treasury faced an unusual problem. Gold arriving from Europe appeared suitable for purchase by the American mint. It was easy enough to test both its weight and purity, and therefore establish its value. But they didn’t want it.
The Treasury didn’t want it because the gold was Russian.
Technical stock updates on $GDX, $APA, $WPM, $NUGT, $UCO, $SVRSF and more.
There is so much going on, it is hard to know where to begin. CPI just came out, the Republican administration put on offer some very nonconservative spending proposals, Treasury Secretary Scott Bessent makes...
