Gold prices reflect a shift in paradigm – Part I

Surging Services Costs Spark Unexpected Surge In US Producer Prices In January US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December. This left Producer Prices up 2.9% YoY (hotter than expected but below December's +3.0%)... Source: Bloomberg Under the hood, we see a surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation) Final demand services: The index for final demand services advanced 0.8% in January, the largest...

Several US-allied nations have already publicly declined President Trump’s request for them to send warships to the Middle East to help open the Strait of Hormuz, which is not being tightly controlled by the Iranian military. “What does … Donald Trump expect a handful or two handfuls of European frigates to ​do in the Strait […]

I’ll give you my answer up front… NO! Trump’s claims on Monday and Tuesday that the US and Iran are talking is false in my opinion. During previous talks with Iran — including the last round in Geneva on February 26 — the communications were indirect. An Oman government official was the intermediary… He would […]