The Deserted Treasure Hunt: Saudi Arabia’s Vision Beyond Oil

The Deserted Treasure Hunt: Saudi Arabia’s Vision Beyond Oil

In the blistering heat of the Saudi desert, Renier Swiegers isn’t drilling for oil but hunting for something equally captivating: metals worth trillions. Saudi Arabia, known for its oil supremacy, now eyes the vast wealth underneath – not oil, but metals. Saudi...
Silver Backwardation Returns, Gold And Silver Market

Silver Backwardation Returns, Gold And Silver Market

The big news this week was the drop in the prices of the metals (though we believe that it is the dollar which is going up), $57 and $1.81 respectively. Of course, when the price drops the injured goldbugs come out. We have written the...
Gold price extends losses – down $78

Gold price extends losses – down $78

Gold’s reputation as a safe haven in times of financial turmoil was tarnished on Friday as the growing panic about the spread of coronavirus infections outside China saw the precious metal suffer one of its worst one-day drops on record. Gold gapped down at the open...
Fed’s Stress Tests on Banks Should Have Factored in a Pandemic

Fed’s Stress Tests on Banks Should Have Factored in a Pandemic

Each year the Federal Reserve comes up with a hypothetical, severely adverse economic scenario against which it evaluates the ability of Wall Street’s mega banks to weather the storm. Called “stress tests,” this year’s severely adverse scenario features a severe...