Good Reads
French central bank nets €13bn by pulling gold out of US reserves
France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly €13 billion as it upgrades its holdings. Read on »
Is Gold an oversold opportunity?
The gold price has been volatile since the tensions in the Middle East came to a head. Interest in gold and its miners had been gaining momentum through 2025 into the start of the year. Despite recent volatility, the structural drivers of gold remain firmly in place and in some cases are strengthening. Read on »
America’s Oil Safety Net Is Gone
The one chokepoint that carries roughly 15% of all the oil the world burns, and Washington appears to be writing it off. But there’s a second problem building underneath the first one, and almost nobody is talking about it. The Strategic Petroleum Reserve (SPR) — America’s emergency oil cushion, the one built specifically for moments like this — is nearly empty. Read on »
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