The most important metric in today’s U.S. jobs report was the big move up in the broad U-6 unemployment rate to a four-year high of 8% from 7.5% in January. In other words, slack is building in the labor market and that will lead to a deceleration in nominal wage growth. When

Early trend reversal

He has a point

Down even after adjusting for gold imports ...

Great overview of recent events

Given the sharp movements in equity markets and rotation to a risk-off trade, let me remind you about something that I have written just a month ago. Don't tell me this sell-off is a big surprise. #investing #seekingalpha seekingalpha.com/article/476440…

I thought we were past that already .. oh well

For those in mining for many years, it’s hard to believe that the price of gold can correct 10% down and the price is still above $3000/ounce. M&A activity now uses $2500/oz for takeover NAV. Margins look good!

Recently @EricSchmidt (former Google CEO) told congress that data centers will go from 3% now to 99% 𝐨𝐟 𝐭𝐨𝐭𝐚𝐥 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 😲 The only way to meet that demand is data centers powered by solar in space 🚀

US oil rigs are increasingly going offline as crude prices fall. The Baker Hughes US crude oil rig count has dropped to the lowest since 2021.

The S&P 100 now has 27.2% of its total value in stocks that have a P/E of at least 50. There is only one company that has a P/E below 10.

Gold is becoming unaffordable: It now takes 116 hours of work in the US to buy 1 ounce of gold, the most in at least 100 years. This comes as gold prices hit a record close of ~$4,225, while average hourly earnings reached $36.50 in August. The ratio has DOUBLED in just 18