Gold prices reflect a shift in paradigm – Part I

Inflation Fears Fade As War Drags UMich Sentiment Lower After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected. Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp) Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp) Current Conditions are at their highest level since October while expectations are at their lowest since November. Source: Bloomberg Interviews for this...

Tesla China CEO Says Shanghai Gigafactory Is "Golden Key" To Optimus Robot Production Tesla's China president was quoted by local media on Tuesday as saying the Shanghai Gigafactory could eventually play a major role in mass-producing humanoid robots. The comment comes after Tesla said earlier this year that it would pivot away from producing Model S and X vehicles at its California factory and convert the vehicle production lines to Optimus robot production. The Shanghai Morning Post quoted Allan Wang Hao, a senior executive at Tesla China, who said the...

Oil Drops On Reports Of Iran-Oman Coordination To Reopen Hormuz Strait, While Exchange Of Strikes With US-Israel Intensify Summary No mention of ceasefire while vowing to keep hitting Iran 'extremely hard' in Wed. night Trump speech. Escalating tit-for-tat overnight strikes. Oil drops on reports of Iran-Oman coordination to reopen strait. US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT Highest bridge in Iran, connecting Tehran and Karaj, destroyed - amid reports of expanding attacks on civilian...