⛏ Energy stocks tumble after massive March

Barrick forms new leadership group to pursue North American IPO
The new management team will oversee Barrick’s mines in Nevada and the Dominican Republic and consists of seven positions, according to a Tuesday memo seen by Bloomberg News. Barrick executives who currently oversee the North American operations have been named as part of the leadership structure, including Tim Cribb as chief operating officer and Wessel Hamman as chief financial officer. Read on »

What's the Real Inflation Rate?
When talking heads on CNBC or Fox Business talk about inflation, they always reference the Consumer Price Index (CPI). This metric measures the price changes in a “basket of goods.” This gives a fair approximation of price inflation (although intentionally understated), but it doesn’t give us a good gauge on the trajectory of inflation as historically economically defined. Read on »

Gold Slides as Trump Gives Mixed Signals on Iran War Resolution
Spot gold fell as much as 4.3%, breaking a four-day winning streak, after Trump said in Wednesday’s speech to the nation that the five-week conflict was nearing completion, but the US-Israel alliance would hit Iran “extremely hard” over the next two to three weeks. Iran, for its part, continued attacks across the Persian Gulf on Thursday and showed little appetite to start talks. Read on »