ConocoPhillips and Marathon Oil Merge in $22.5 Billion Deal, Extending Industry Consolidation
ConocoPhillips has agreed to acquire Marathon Oil for $22.5 billion, continuing a trend of major mergers in the oil and gas sector aimed at strengthening reserves. This follows a highly active year in the industry, with $250 billion in mergers and acquisitions in 2023, driven by a booming stock market and record U.S. oil production.
New UBS Forecasts Predict Silver Prices to Hit $38 by Mid-2025
UBS has raised its silver price forecasts, projecting the metal to reach $34 per ounce by the end of September, $36 by the end of 2024, and $38 by June 2025, driven by strong industrial demand and potential undersupply. Despite a recent price pullback, UBS anticipates continued silver outperformance, with industrial demand, particularly from the […]
Negotiations For The Global Pandemic Treaty Have Broken Down, But Fearmongering Of What Is Coming Next May Revive Them
Negotiations For The Global Pandemic Treaty Have Broken Down, But Fearmongering Of What Is Coming Next May Revive Them Authored by Michael Snyder via TheMostImportantNews.com, The World Health Organization was hoping that there would be a vote on the global pandemic treaty at the World Health Assembly at the end of this month, but now […]
Goldman Veteran Will Be Next Cleveland Fed President
Goldman Veteran Will Be Next Cleveland Fed President Once upon a time, we joked that Goldman had become a veritable incubator for future central bank heads: from NY Fed’s Bill Dudley, to BOC’s Mark Carney, to ECB’s Mario Draghi, to disgraced Dallas Fed daytrader Robert Kaplan, and Minneapolis Fed “chump” Neel Kashkari, it seemed that […]
UBS Forecasts Commodity Rally Driven by Strong Fundamentals
UBS predicts a rally in commodities based on strong fundamentals. They raised their gold demand forecast due to record central bank purchases and sustained Chinese buying, expecting prices to reach USD 2,600/oz by year-end. Copper is also expected to see price gains, driven by supply challenges and China’s housing policies, with prices forecasted to hit […]
An Older, Anxious, Mildly Paranoid Analyst
An Older, Anxious, Mildly Paranoid Analyst By Michael Every of Rabobank An older, anxious, mildly paranoid analyst US Treasury yields spiked higher yesterday after strong consumer confidence data and weak bond auctions, pushing the dollar up. The Fed’s Kashkari said the FOMC hasn’t entirely ruled out further rate hikes, but the odds are “quite low”. […]
Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns
The U.S. economy’s unexpected resilience, driven by a strong job market and consumer spending, has raised concerns that the Federal Reserve may delay or cancel planned rate cuts to combat persistent inflation. Minutes from the Fed’s May meeting indicate a readiness to tighten policy if inflation risks persist. As the Fed prepares to release updated […]
Asia's Demand Fuels Gold Price Surge, Says Julius Baer
Gold prices have surged due to strong demand from Asia, with futures rising from $2,052 to $2,360 over three months. Julius Baer attributes this increase not to overall demand growth, but to regional shifts and a greater willingness to pay, especially in China. The Chinese central bank has significantly contributed to this demand, driven by […]
Kim Jong Un Sends Hundreds Of Sh*t-Filled Balloons Into South Korea
Kim Jong Un Sends Hundreds Of Sh*t-Filled Balloons Into South Korea North Korea is literally sending sh*t ballons across the border into South Korea. Hundreds of balloons were spotted Wednesday drifting into South Korean territory, some of them with the word “excrement” written on them. This is because the balloons were loaded with feces and other rubbish […]
Zimbabwe Faces Deflation with New ZiG Currency
Zimbabwe has shifted from extreme inflation to deflation with the introduction of its new currency, the ZiG (Zimbabwe Gold), which replaced the unstable Zimbabwean dollar. In May, consumer prices fell by 2.4% from the previous month, marking a significant change from the previous currency’s volatility. This is Zimbabwe’s sixth attempt in 15 years to establish […]