Gold's Biggest Fire-Sale In 43 Years: Perception Vs Opportunity

Aluminum Market Descends Into Supply 'Black Hole' Aluminum prices on the London Metal Exchange are climbing into the end of the week, reaching $3,621 a ton and approaching the peak seen during Russia's 2022 invasion of Ukraine. The problem now is that the aluminum market has been thrust into a serious supply shock amid the U.S.-Iran conflict in the Middle East, one that is unlikely to be reversed in the near term. One big problem we highlighted last weekend was that Emirates Global Aluminum (EGA), the Gulf's largest aluminum...

Consumer Credit Grows Less Than Expected On Subdued Credit Card Usage While the monthly jobs report has become a veritable economic random number generator, with every monthly print coming either well below or above the forecast stack, the weekly initial claims report has become its foil - a study in boring reporting, with numbers barely budging week to week, and usually falling right on top of Wall Street estimates. A similar dynamic is emerging for the monthly consumer credit report: following a volatile 2025, when revolving credit swung around wildly...

According to media reports, it appears increasingly likely that as soon as they put their Iran intervention to rest, President Trump and the U.S. national-security establishment will initiate a military attack on Cuba. Trump himself has alluded to this possibility by saying that he could “take Cuba” or “Cuba’s next.” That’s assuming, of course, that […]