Good Reads
Mining stocks enjoy a $206 billion fortnight
The world's 50 biggest miners are having a stonking August and have been running ahead of the Magnificent 7 all year. Before anyone opens anything, big tech is still worth ten times the entire ranking. Read on »
Copper at Record Highs: Structural Demand Meets Constrained Supply
The rally continued into August, with copper reaching a new all-time high of $14,334 per metric ton on August 10. A weaker U.S. dollar and persistent concerns over global mine supply helped support copper’s move. The U.S. copper premium also climbed back above 3%, reflecting continued positioning ahead of a potential tariff on refined copper imports. Read on »
Joint U.S. and Japanese Currency Intervention Reveals Eroding Dollar Dominance
Typically, when the U.S. intervenes in currency markets, it buys a foreign currency using dollars. The sudden surge in demand for that currency strengthens it relative to other currencies. The downside is that the dollar sale weakens the U.S. currency. Read on »
Community News
Democrats query Trump Jr.-backed critical minerals company in blueprint on probes Link>>
LIS Technologies' New $6.2M Oak Ridge Building Is The Missing Link In Nano's Fuel-To-Reactor Stack Link>>
US Set to Pay Most for 30-Year Debt in Quarter of a Century Link>>
Dollar Dominance Is Cracking and the Fort Knox Gold Question Won’t Go Away Link>>
Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists Link>>