⛏ Gold & Silver Just Got Slammed... But Something Doesn't Add Up

Gold, Banking & A Historical Disturbance in the Force
With everything from yields, fuel prices and populism rising with open elan as trust in U.S. leadership sinks to an historical nadir, most would agree that we are experiencing a palpable as well as intuitive feeling of what George Lucas might otherwise describe as a “disturbance in the force.” Read on »

The Electricity Gridlock Blindspot
"It's not a genius trade. It's a big consensus trade. There's no supply coming, meaningful supply, very tight, for the next eight years. And obviously, you have a big add on from AI and data centers." That was Stan Druckenmiller’s opinion about copper earlier this year. As one of the best investors of the past several decades, it’s hard to argue with him. Read on »

Gold & Silver Just Got Slammed... But Something Doesn't Add Up
The main culprit isn't difficult to identify: interest rates. The yield on the 10-year U.S. Treasury surged above 5% last week, reaching levels not seen since 2007. Higher yields have been accompanied by a stronger Federal Reserve note, creating a nasty one-two punch for precious metals. And this is where things get strange... Read on »