⛏ The Battle Over Gold

Central Bankers Disagree About Gold
With the fiat US dollar price of gold multiplied 2.6x since October of 2022 and rising exponentially, some people are deeply worried that something is seriously wrong with the dollar and with the global financial system generally. Is the soaring price of gold a sign of monetary instability? Or is it just a transitory “nothingburger”? Central bankers are now being asked such awkward questions, and they are giving sharply divergent answers. Read on »

Muddy Waters Capital’s Carson Block makes rare long call in Canadian miner
Best known for his short-selling campaigns, Carson Block took an unusually bullish stance at a recent conference, pitching junior miner Snowline Gold as a top takeover candidate in the mining sector. Snowline, valued at about C$2.1 billion, has made what Block called a “first-of-its-kind” discovery in Canada’s Yukon territory, a region with limited historical production but vast geological potential, he said. Read on »

Japan approves restart of world’s biggest nuclear power plant
Japan has approved the restart of the world’s largest nuclear power plant more than a decade after its closure following the Fukushima disaster, as the country returns to atomic energy to address rising power costs. The governor of Niigata prefecture approved the reactivation of one reactor unit on Friday, clearing the last major hurdle to restarting the Kashiwazaki-Kariwa plant. Read on »