Good Reads
Why Haven't the Tanks Run Dry? What Investors Are Missing in Oil.
Today we're releasing an interim update on the oil market, ahead of our quarterly letter due out in a few weeks. We're currently on the road but given the ongoing hostilities in the Middle East — and the number of questions we're fielding — we wanted to tell investors what is actually happening in global oil markets. Read on »
Bessent’s Notepad
Last Friday, a Reuters photographer zoomed in on a notepad. Treasury Secretary Scott Bessent carried it into a Camp David cabinet meeting with one handwritten line facing the camera: “Buy Japanese Yen (JPY) $5-10 bill.” Within days, Japan’s finance minister confirmed the two governments are stepping into the market together, the first joint yen purchase since June 1998. If you hold a mortgage or a bond fund, that notepad was written for you. The chain behind it starts five months earlier, in the Strait of Hormuz. Read on »
Gold miners surge more than 20% in breakout week
Gold mining stocks capped one of their strongest weeks in years on Friday, with benchmark funds gaining more than 20% as bullion climbed to its highest level since mid-June. The VanEck Gold Miners ETF (GDX) rose 21.09% over five days to $89.73 just after midday in New York. The VanEck Junior Gold Miners ETF (GDXJ) did even better, climbing 22.42% to $116.78. Read on »
Community News
New Layoff Data Show Job Cuts Down 41% So Far This Year Link>>
U.S. Diesel Exports Hit Record High as Global Supply Crunch Deepens Link>>
Treasury yields drop after surprise jobs loss in July Link>>
Gold hits seven-week high as weak U.S. jobs data dents rate hike bets Link>>
No, We're Not Going to Get Rich Mining Asteroid Gold Link>>