Gold prices reflect a shift in paradigm – Part I

'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations Market News International's Chicago Business Barometer smashed expectations this morning, print 57.7 - the highest since May 2022 - and above the highest analysts' expectation. This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)... Prices paid rose at a faster pace; signaling expansion New orders rose at a faster pace; signaling expansion Employment rose and the direction reversed; signaling expansion Inventories fell and the direction reversed; signaling contraction Supplier deliveries rose at a faster...

Iran Strikes Should End In Regime Change, Senate Majority Leader Says, Ahead Of War Powers Vote Senate Majority Leader John Thune has made the maximalist hawkish US case on Iran, saying that any authorized strikes should result in nothing less than regime change in Tehran. "In my view, if you’re going to do something there, you better well make it about getting new leadership and regime change," the leading Republican Senator said Thursday. "If you’re going to take some sort of action, I think you want to achieve a result that actually...

US Southern Command announced that its forces blew up another alleged drug-running boat in the waters of Latin America on Friday, killing at least three people. SOUTHCOM said the boat was targeted in the Eastern Pacific Ocean, and, as usual, the command offered no evidence to back up its claim that the small vessel was […]