⛏ Gold Mining Stocks Are Up 43% in August

Gold Mining Stocks Are Up 43% in August
Gold mining stocks are on track to deliver their strongest month on record in August, outpacing the best month semiconductor stocks posted in April. The MSCI Inc. global gold miners index gained 43% this month. Bitcoin (BTC) rose roughly 26% over the same stretch, tying both assets to a single macro trade. Read on »

The Tax on Standing Still
Somebody you love thinks this is the best economy of their lifetime. Somebody else you love can’t get through August without a credit card. And you’ve sat between them at the same table, nodding at both, wondering which one was lying to you. Neither one was. In 2020, the American economy stopped being one economy. Economists named the break: the K-shaped economy. Read on »

How the Strategic Petroleum Reserve Works
It’s not clear if the specific claim about the 300 million barrel level is true, but due to the way the SPR was constructed, it does indeed have limits on how much oil can be removed from it and how many times it can be emptied. Given the ongoing importance of the SPR, it’s worth understanding how it was built and how it works now. Read on »