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Copper Short Squeeze in NY Prompts Rush to Send Metal to US

Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.   The sudden surge — which has seen Comex futures jump by more than 7% this week — has left metal for July delivery to the New York [...] READ MORE

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

KEY POINTS   Fed Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected, likely keeping interest rates elevated for an extended period. “We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said in Amsterdam. “What that has told [...] READ MORE

How much gold does the UK own, and how does it compare?

futurewalk Gold has long been viewed as the ultimate financial asset, and never more so than during times of uncertainty and financial crisis. While we no longer use the "gold standard" to determine the value of currencies, the precious metal is still incredibly useful. It's held by many central banks due to its immunity to [...] READ MORE

The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Gold prices are reaching record highs because of strong buying by central banks. Central banks in countries aligned with China are diversifying their assets from the US dollar into gold. Central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions.   Gold prices are on a tear recently thanks to strong [...] READ MORE

The Rothschild Family, the Masterminds of Central Banking, Just Bought Bitcoin

Time for some pure price study. It is easy to get lost and confused in all of the other indicators we could be looking at. Let's exercise Occam's Razor today: the explanation that posits fewer variables is preferred to one that posits more.   Bitcoin is in a clear bull flag, a bullish pattern for [...] READ MORE

China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales

Two of China’s biggest state banks will sell a combined 60 billion yuan ($8.3 billion) of total loss-absorbing capacity bonds starting this week, the first such debt sales by Chinese lenders in a drive to replenish capital and support growth of the world’s No. 2 economy.   Industrial & Commercial Bank of China Ltd. is [...] READ MORE

Why the World Has Gone Cuckoo for Copper

Copper plates at a refinery in Zambia. The U.S. and China are competing to acquire the metal essential for EVs and data centers. It is also at the center of a $43 billion takeover battle.   After one of the world’s top copper producers recently hit a financial crunch, the Biden administration started huddling with [...] READ MORE

Gold regains ground as dollar, yields slip post US PPI data

Summary   Focus shifts to US CPI data due on Wednesday Platinum hits near one-year peak US Fed's Powell expects inflation to fall   Gold prices rebounded on Tuesday, helped by a pullback in the dollar and Treasury yields after data showed U.S. producer prices rose more than expected in April, suggesting inflation remained high. [...] READ MORE

This Is the Greatest Manipulation of Gold In History

Discover shocking insights with Mike Maloney as he delves into what he claims is the greatest gold manipulation in history, unearthed in his book, “The Great Gold and Silver Rush of the 21st Century.” In March 2020, the world witnessed an unprecedented maneuver that could have zeroed out COMEX’s gold reserves, a situation avoided by [...] READ MORE