⛏ Did the Debasement Trade break Gold?

Did the Debasement Trade break Gold?
Something’s happened to gold and it isn’t good. Gold has traditionally been a safe haven asset, which means it’s been a good place to hide when other assets plummet. That hasn’t been true in the past six weeks of war. Gold is down ten percent, which is far more than the S&P 500 that’s down less than one percent. Read on »

CPI Spikes on Energy Prices But That's Not the Real Inflation Story
Without a doubt, price inflation is up. The cost of the basket of goods the BLS uses to calculate the CPI rose 0.9 percent month-on-month, according to the data released this past Friday. That was the largest single-month jump since the height of the post-pandemic surge in 2022. The big monthly rise in prices pushed the headline annual CPI to 3.3 percent. The last time it was that high was March 2024. Read on »

The Fertilizer Crisis That Will Hit Your Grocery Bill
Six weeks. That’s how long the Strait of Hormuz has been effectively closed. You know the oil story by now — Brent near $100, daily headlines about ceasefires that collapse within hours. But there’s a different side to this crisis — one that’s going to hit you at the grocery store, not the gas pump. Read on »