Gold tests $1960

"...The Entire Internet Has Doomer Fatigue" Authored by James Howard Kunstler, "I can tell the entire internet has doomer fatigue." - Catturd on X The mysterious financial repo markets - which practically no one outside of banking understands (and even some banking insiders don't) - started showing some signs of stress recently (forward rates spiking: 1Y1Y SOFR has risen nearly 50 bps in two weeks, signaling growing concern among dealers and investors about future funding costs); though not near the level they did in September 2019, just before You-Know-What sucker-punched the world with...

Mainstream Media Claims Roger Stone Persuaded Trump Not To Fire Tulsi Gabbard Authored by Steve Watson via Modernity.news, President Trump was reportedly on the verge of firing Director of National Intelligence Tulsi Gabbard — until longtime adviser Roger Stone stepped in at the last minute. According to an Axios report citing ‘advisors’, Trump had grown frustrated with Gabbard’s congressional testimony on threats to the U.S., in which she stopped short of a full-throated endorsement of the ongoing Iran conflict. The sources described the president polling other advisers on her performance and whether she should be replaced. The drama unfolded...

Aluminum Market Descends Into Supply 'Black Hole' Aluminum prices on the London Metal Exchange are climbing into the end of the week, reaching $3,621 a ton and approaching the peak seen during Russia's 2022 invasion of Ukraine. The problem now is that the aluminum market has been thrust into a serious supply shock amid the U.S.-Iran conflict in the Middle East, one that is unlikely to be reversed in the near term. One big problem we highlighted last weekend was that Emirates Global Aluminum (EGA), the Gulf's largest aluminum...