⛏️ Gold unfazed after Powell speech

Gold Steady After Powell Speech
Powell noted that the central bank still expects to see weaker economic growth as it cools the economy to bring consumer prices back down to target. "Getting inflation sustainably back down to 2 percent is expected to require a period of below-trend economic growth as well as some softening in labor market conditions." Read on »

Former 7UP ingredient Could Bankrupt EV Manufacturers
The electrification of the U.S. transportation system alone will require hundreds of billions of lithium-ion batteries. That may sound like an exaggeration to you. I assure you that it is not. That means by 2030, the United States will require more than 300 billion lithium-ion batteries—for EVs alone. Read on »

BRICS Expansion to Accelerate Decline of the US Dollar
With the addition of Saudi Arabia, the United Arab Emirates and Iran to the BRICS, the Union will be able to control the lion’s share (over 80%) of the world’s oil production. Whether the alternative to the US dollar will be the yuan, a BRICS currency, or another gold or asset-backed currency in the future, many nations are seeing that the current global reserve may be on the decline for good. Read on »

• Gold-Backed BRICS Currency Will Be Challenging To Execute Link>>

• Graphite Wars: The Trillion Dollar Battery Race Has A Big Problem Link>>

• U.S. Oil Industry Sues Biden Administration Over Gulf Of Mexico Lease Sale Link>>

• METALS-Copper on track for strongest week in a month Link>>

• Saudi Arabia Eyes Chinese Bid for Nuclear Plant Link>>

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