What Happens When A Metal The West Can't Live Without Runs Short

Elon Musk Vs The Democrats: Outcomes Vs Process Authored by Stephen Soukup via American Greatness, Years ago, when my oldest son was a Boy Scout, he was asked to write a report/make a presentation on a modern American “hero.” He chose Elon Musk, and I, of course, rolled my eyes so hard they nearly popped out of my head. I knew Musk was a successful businessman, but I also knew that he was both an advocate for and a seasoned manipulator of Big Government. Tesla, for example, received a $465 million Department...

Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday's solid 2Y auction, today's 5Y auction was an uglier mirror image.  The sale of $70BN in 5 year paper priced at a high yield of 4.200%, up from 4.182% in May and the highest since Jan 25. It tailed the When Issued 4.193% by 0.7bps, and was the 8th consecutive tail for the 5Y tenor. The bid to cover was 2.351, better than the 2.340 in May and the highest since October.  The internals, however, a disappointment: Indirects took down just 61.60%, a...

Heat Dome Sends European Power Prices Soaring An intense heat wave continues to bake France and parts of Europe, with temperatures surging well above the 30-year average for this time of year. Welcome to summer.  They think we are stupid, that our memories cannot stretch back to when life was normal, and when our lives were not based on fear... Summer, it gets hot, Winter it gets cold... It's NORMAL. https://t.co/hYHvZ3dI2w — 🇨🇭🏴󠁧󠁢󠁥󠁮󠁧󠁿InLucysHead🏴󠁧󠁢󠁥󠁮󠁧󠁿🇨🇭© (@InsideLucysHead) June 24, 2026 In France, the average daily temperature reached 85.6F on Tuesday, according to Météo-France, while Pissos in southwest France...