Gold tests $1960

Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike Over the weekend, both Emirates Global Aluminum (EGA) - the largest aluminum producers in the Gulf - and Aluminium Bahrain (ALBA) reported drone attacks damaging smelting facilities after hits on Iranian steel infrastructure last week. Neither company (at the time) confirmed whether supply will be impacted, but this morning the worst case appears to be confirmed with Reuters reporting that according to a Wednesday note by consultancy Wood Mackenzie "EGA's Al Taweelah facility in the United Arab Emirates halted...

During an independence day ceremony in Israel on Tuesday, the Israeli government honored an extremist rabbi known for bulldozing homes in Gaza and calling for Israel to “flatten” the Palestinian territory. According to The Guardian, Rabbi Avraham Zarbiv was one of fourteen people chosen by the Israeli government for their “extraordinary contribution to society and […]

US Intelligence Only Sees Limited Additional Damage To Iran Nuclear Program Since Last June A widely circulating fresh report in Reuters has raised eyebrows and serious questions related to the effectiveness of the 38-day aerial campaign which saw US-Israel bombs unleashed in the many thousands (combined: some 20,000+ munitions expended) on the Islamic Republic. "US intelligence assessments indicate that the time Iran would need to build a nuclear weapon has not changed since last summer, when analysts estimated that a US-Israeli attack had pushed back the timeline to up to a...