Gold Outlook Report 2023

Hegseth Ousts Chief Of The Army As Iran War Persists The Pentagon shake-up under Trump has not ended, as on Thursday Pete Hegseth has dismissed Army Chief of Staff Gen. Randy George, asking him to step down into early retirement. The move is unusual, given this is the head of the Army and the United States is past the one-moth mark in Trump's Operation Epic Fury. A reason hasn't been given as to what amounts to Gen. George being effectively fired. CBS writes, "One of the sources said Hegseth wants someone in the...

Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business. CAT is one of the world's biggest makers of machines used to build, mine, dig, haul, and power industrial sites. But what has investors focused on in recent quarters is its energy and power unit, which...

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.