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⛏ A Massive Short Squeeze on Gold?
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A Massive Short Squeeze on Gold?
A looming short squeeze could be driving gold prices higher as paper gold markets face increased pressure. Derivative trading by bullion banks and central banks' record gold purchases have inflated the paper gold bubble. As short sellers scramble to buy back, gold's price could surge dramatically, impacting global markets significantly. Read on »
Big Tech Targets Nuclear Energy to Support AI Ambitions
Major tech firms, including Microsoft and Google, are investing in nuclear energy to meet the immense energy demands of AI data centers. Nuclear restarts and new SMR projects highlight the shift toward clean, firm power. This push is driving up uranium prices, with global supply struggling to meet growing demand. Read on »
Gold Cost Drivers: A Veritable Pick and Mix
Gold production costs continued to increase in Q2 2024, driven by labor expenses, royalties, and production taxes, as well as lower-grade ore processing. Despite this, rising gold prices propelled producer margins to a record high of $950 per ounce, ensuring 97% of gold miners remained profitable. Will this trend persist? Read on »
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