Platinum Enters Its Second Year Of “Substantial” Deficit
Platinum Enters Its Second Year Of “Substantial” Deficit Via SchiffGold.com, Platinum is entering its second year of substantial deficit, according to the Platinum Quarterly report from the World Platinum Investment Council (WPIC). Report authors labeled the Q1 deficit of 369k oz “significant” and predicted that the deficit will continue to deepen throughout the rest of the year, hitting 476k oz in total. “High inflation, interest […]
"AI-Fueled Equity Bubble" – Big Tech to Ignite Next Equity Market Surge
Amid improving economic indicators and anticipation of fewer Federal Reserve rate cuts, big tech companies, particularly those focused on AI, are expected to drive the next market surge. Nvidia, set to release earnings next week, is among the leaders in this trend. Capital Economics predicts that AI-driven optimism will propel tech stocks higher, despite recent […]
VDH: The Biden Re-Election Strategy
VDH: The Biden Re-Election Strategy Authored by Victor Davis Hanson, President Joe Biden polls at or below 40 percent approval. Historically, such unpopularity has made it almost impossible for a president to be reelected. Biden is not so much an octogenarian as an unhealthy and prematurely aging 80-year-old. It is America’s irony that he is […]
China’s Gold Market Thrives in April with Record ETF Inflows
In April, China’s gold market saw strong investment demand, with gold withdrawals from the Shanghai Gold Exchange rising to 131 tons. The Shanghai Gold Benchmark and LBMA Gold Price both increased, reflecting this momentum. Chinese gold ETFs experienced their largest-ever monthly inflow, and the People’s Bank of China announced its 18th consecutive month of gold […]
Desperate Ukraine Launches Massive Kamikaze Drone Attack Against Russian Black Sea Coast, Sparking Fire At Major Refinery
Desperate Ukraine Launches Massive Kamikaze Drone Attack Against Russian Black Sea Coast, Sparking Fire At Major Refinery In defiance of repeated warnings from the Biden administration, the Ukrainian military continues ramping up kamikaze drone attacks on the Russian energy complex, a move to crush the nation’s crude oil and crude product export revenues and curtail Moscow’s ability to fund […]
Take-Two Shares Drop After Grand Theft Auto VI Delayed Again
Take-Two Shares Drop After Grand Theft Auto VI Delayed Again Take-Two Interactive Software fell in premarket trading in New York after lowering its fiscal 2025 bookings forecast on Thursday evening and announcing a release date for Grand Theft Auto VI in the autumn of 2025. Some Wall Street desks viewed the release date as a “delay.” Take-Two […]
With Momentum In Its Favor, Gold Has Potential To Head Higher
With Momentum In Its Favor, Gold Has Potential To Head Higher Authored by Ven Ram, Bloomberg cross-asset strategist, Gold looks well poised to build on this year’s gains, with speculative momentum seeming to entice marginal buying and perpetrating a virtuous circle. Bullion is on track for a fourth successive monthly rally, with its gains so […]
Chinese FX Outflows Soar To Highest Since 2015 Devaluation, Priming Next Bitcoin Surge
Chinese FX Outflows Soar To Highest Since 2015 Devaluation, Priming Next Bitcoin Surge Last October, when we pointed out that China’s FX outflows had just hit a whopping $75BN – the single biggest monthly outflow since the 2015 currency devaluation – we concluded that the “unfavorable interest rate spread between China and the US will […]
Biden Agrees To A Debate Between Kamala Harris And Trump’s VP Pick
Biden Agrees To A Debate Between Kamala Harris And Trump’s VP Pick Authored by Mike Shedlock via MishTalk.com, This VP debate will be widely watched and a lot of fun too. I have a suggestion for Trump. Stage Set for VP Debate Politico reports Biden Campaign Agrees to VP Debate on CBS The Biden campaign has […]
Ukraine Formally Asks NATO To Send Troops For First Time, Pentagon Mulling
Ukraine Formally Asks NATO To Send Troops For First Time, Pentagon Mulling The continued inevitable and disastrous slide into a WW3 nuclear-armed confrontation between Russian and the West continues as The New York Times reports NATO appears to actually be seriously mulling sending troops to Ukraine to serve in the role as ‘trainers’ at a […]