Gold prices reflect a shift in paradigm – Part I

President Emmanuel Macron has announced that France will increase its nuclear warheads and allow for the deployment of nuclear-capable aircraft to foreign soil.  In a speech on Monday, the French leader said nuclear-capable war planes will be deployed to seven European countries, including Germany and Poland. “Today, a new step of France’s deterrence can now […]

Iran Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage While Iran's decision to close the Straits of Hormuz in response to the US-Israeli bombing campaign was understandable, after all it's the biggest point of leverage the IRGC-controlled nation has left (it is certainly more understandable than bombing all of its Gulf neighbors in the process pushing them from being on the fence to being staunchly anti-Iran), there was always a bit of a glitch in Tehran's calculus: as we showed the day the war...

Core CPI Prints Cooler Than Expected Despite Biggest Jump In Energy Prices Since 2005 While PCE showed some signs of higher energy prices leaking into inflation prints, it was still February data. As we previewed, today's CPI data is for March and will bear the full brunt of the Iran War's impact on energy costs after Core CPI fell to its lowest in four years in February. The headline CPI soared 0.9% MoM (as expected) and while it was a big MoM jump, Consumer Prices rose 3.3% YoY (up from +2.4%...