Good Reads
Schroders: Gold still supported by long-term trends
Extreme oil price rises have inflicted damage across all asset classes during the past month, including gold, which has often acted as a safe haven for fearful investors. However, James Luke, senior portfolio manager, gold and commodities at Schroders maintains that in the mid- to long-term, the “debasement” trade, or the “de-dollarisation” trade that supported the tremendous performance of the gold price for more than a year will eventually reassert itself. Read on »
What the Iran War Just Revealed About American Power
On Tuesday night, President Trump announced a two-week ceasefire with Iran. The condition was straightforward: Iran reopens the Strait of Hormuz — immediately, without tolls. Iran agreed. For a few hours, tanker traffic appeared to stir. It looked like the worst might be over… Read on »
AOMC, Odyssey merge to build $1B deep-sea miner
American Ocean Minerals Corp. is merging with Odyssey Marine Exploration (NASDAQ: OMEX) in a reverse takeover that will create a roughly $1 billion deep-sea mining company. The all-stock transaction includes more than $150 million in private placement financing from institutional and strategic investors, alongside a $75 million pre-public raise completed in February by American Ocean Minerals. Read on »
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