News

Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil Authored by Tsvetana Paraskova via OilPrice.com, The majority of India’s biggest refiners are buying Russian oil from non-sanctioned sellers and traders as widening discounts of Russia’s crudes to benchmarks are tempting the price-sensitive Indian importers, sources involved in the purchases told Bloomberg on Wednesday.  Before the latest sanctions on Russian oil producers Rosneft and Lukoil, India bought from Russia around one-third of all the crude it imported, as it sought cheaper oil. Amid […]

Russia Rejects New Zelensky Offer Of 'Energy Ceasefire' As Grid Repair Woes Worsen Russia has rejected a new Zelensky proposal for an "energy ceasefire." Kremlin spokesman Dmitry Peskov has explained that Russia wants a "long-term peace" and not a just a temporary ceasefire. Zelensky has offered a mutual halt to strikes on energy infrastructure if Russia agreed, mirroring something which had only briefly been in effect at the start of this year. This 'offer' comes at a moment that Ukraine is suffering perhaps its worst energy crisis of the war, with lengthy blackouts not just […]

WTI Holds Losses After Big Product Inventory Builds, US Crude Production Nears Record Highs Oil prices extended their recent decline this morning as concerns about global oversupply continued to weigh on sentiment. Crude has been trapped in a tight $4-a-barrel range since the start of November, as oversupply concerns vie with geopolitical risks surrounding the flow of sanctioned Russian barrels into nations including India. “I’m increasingly becoming a bit of a contrarian here, given the limited selling response to all the negative news," said Ole Hansen, head of […]

The Fiddle-All Reserve By Michael Every of Rabobank The RBA rates hold decision generated two notable headlines from the Australian Financial Review: ‘RBA is worried it cut interest rates too far’; and ‘RBA is caught in Ray Dalio’s Doom Loop’. The Bank of England says Chancellor Reeves’ budget will lower inflation by 50bps in 2026, backing the view that they will give the public an Xmas rate cut next week. Of course, note that the Australian government used similar state spending deliberately targeted at certain sections of the CPI index to help persuade the RBA to […]

China's DeepSeek Using Banned Nvidia Chips To Develop Next Major Model Chinese AI startup DeepSeek has been using 'several thousand' banned Nvidia Blackwell chips to develop its next major model, The Information reports, citing six people with knowledge of the matter.  The chips in question were smuggled into China through a complex scheme that involves sending them to data centers in countries that are allowed to purchase them - then dismantling the servers and importing the components to China.  Doing so allowed DeepSeek to remain competitive in the AI race, as […]

Investors need to buckle up ahead of fiat currency destruction and increased inflation heading into 2026.

USA Rare Earth Shares Volatile After Accelerating Timeline For Commercial Production By Two Years USA Rare Earth shares were up more than 3% heading into the cash open on news that the company is accelerating commercialization of its Round Top rare earth project in Texas, a move that could bring U.S. production online years ahead of most competing efforts. The cash open prompted selling pressure which dragged USAR down 3% USAR now expects commercial production at Round Top in late 2028—two years ahead of its prior schedule. The deposit is regarded as the richest known U.S. […]

F-18 Fighter Jets Flew Deep Inside Gulf Of Venezuela In Closest Approach Yet For the first time, two US Navy F/A-18 fighter jets flew deep into the Gulf of Venezuela, the body of water bordered by Venezuelan territory on three sides, in what appears to be the latest ultra-provocative show of force from Washington. Some reports say the jets lingered long in the airspace, circling the gulf for some 40 minutes. The flyover happened Tuesday and appears the closest known approach by American aircraft to Venezuela's coastline since the Pentagon began a major buildup in the Caribbean […]

Futures Flat With Fed Rate Cut, Oracle Earnings On Deck US equity futures are flat ahead of a Fed meeting where a rate cut is assured (the only question is whether it will be hawkish or dovish) and Oracle results later. As of 8:00am ET, S&P and Nasdaq 100 futures are unchanged, with Mag 7 stocks mixed in premarket trading (TSLA +0.5%, META -0.5%, AAPL -0.3%, NVDA -0.2%). Bond yields are mostly unchanged and the USD is flat ahead of the Fed. Commodities are mixed: oil added 0.2%; base metals are lower (copper -1.1%); silver added 0.6% this morning.  It’s a big day for […]

CFTC Starts Pilot Program Allowing Crypto As Collateral In Derivative Markets Authored by Stephen Katte via oinTelegraph.com, The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses.  The digital asset pilot, announced by CFTC acting chairman Caroline Pham on […]

Trump To "Make Phone Call" Over Thai-Cambodia Border Crisis As 500,000 Flee At a rally in Pennsylvania on Tuesday night, President Trump told the crowd he will be "making a phone call" to the leaders of Thailand and Cambodia to urge peace and help resolve their ongoing border dispute. "Who else could say, 'I'm going to make a phone call and stop a war of two very powerful countries. We're making peace through strength," Trump told the audience. Trump Says He’ll Ring Cambodia, Thailand Over Return of Border Skirmishes President Donald Trump said he intends to contact the […]

No Wonder The World Seems Deranged... Authored by Charles Hugh Smith via OfTwoMinds blog, Why We Fail No wonder the world seems deranged - it is deranged by the immense strength of an Old Guard clinging onto power by any means available even as the world around them spins into incoherence. There are many reasons why we fail, but perhaps the most critical one is continuing to do more of what has failed. This has many potential sources, from the psychological (self-sabotage, etc.) to the ideological (the market is the solution to every problem, etc.) to cognitive biases […]

SpaceX Reportedly Targeting 2026 IPO That Could Rival Saudi Aramco's Historic Listing SpaceX is preparing a record-breaking IPO targeting a valuation of roughly $1.5 trillion, with expectations to raise $30 billion or more and debut in the second half of 2026. If the Bloomberg report is accurate, the offering would surpass Saudi Aramco's 2019 listing and become the largest public listing in history. The report says SpaceX management and advisers are seeking a 2H26 listing that could raise more than $40 billion in stock, making it the largest IPO of all time, well above Saudi […]

State Department Has Revoked 85,000 Visas Since January, Official Says Authored by Jacob Burg via The Epoch Times (emphasis ours), The Trump administration has rescinded 85,000 visas across all categories since President Donald Trump’s inauguration in January, a State Department official said on Dec. 9. The Department of State logo and U.S. flag, in this illustration created on April 23, 2025. Dado Ruvic/Reuters The official told The Epoch Times that the revocations, which are more than double the numbers from 2024, include 8,000 students. “Some of the top reasons why we […]

Zelensky Says 'Ready For Elections' After Trump Indicated He's An Obstacle To Peace Update(1435ET): Is this finally the end of the road for Zelensky? President Trump has really ramped up the pressure, in a fresh Politico interview signaling that the Ukrainian leader must begin to accept reality and make compromises, starting with holding elections. According to a fresh audio statement being circulated, Zelensky has newly responded by stating "I am ready for elections. I will be in Ukraine tomorrow and expect proposals from our partners and lawmakers on legal changes to allow […]

Homeownership Has Become A Luxury In Many US Cities: Report Authored by Naveen Athrappully via The Epoch Times, Homeownership is now considered a “luxury” in most of America’s largest cities due to a shortage of homes for sale, high property prices, and elevated mortgage rates, consumer services company Bankrate said in a Dec. 8 analysis report. A typical household, which earns nearly $80,000 per year, is far short of the $113,000 required to afford a median-priced home worth $435,000 as of July, the report said. In some cities, buyers must now have more than $200,000 […]

First Active British Soldier Dies In Ukraine In 'Tragic Accident' Britain's military has announced the death of a member of the UK Armed Forces in what officials called a "tragic accident" on Tuesday. The accident happened during a weapons trial conducted by Ukrainian forces, and inside Ukraine. The Ministry of Defence's official statement described that the soldier "was injured in a tragic accident whilst observing Ukrainian forces test a new defensive capability, away from the front lines." Source: royal.uk No other related details were released, including about the weapons […]

Trump On NATO: 'They Call Me Daddy' Among the more notable and amusing moments from President Trump's newly published interview with Politico is when he stated that NATO officials refer to him as "Daddy" after being proven right on the need to bolster collective defense funding through increased European budgets. This tough approach, heavily vocalized during his first term - and subject of immense pushback from European leaders at the time, is now by and large being belatedly (and now urgently) embraced as Europe ramps up defense investments amid the griding Russia-Ukraine […]

Shellenberger: Civilizational Suicide Behind Europe’s Demand For Censorship Of X Authored on Dec. by Michael Shellenberger via X, Today Last week, the European Commission fined Elon Musk’s X €140 million for, it says, breaking laws requiring social media transparency. Specifically, said the Commission, which is the executive branch of the European Union, X broke the law by making its blue checkmarks available to anyone, failing to make its advertising repository transparent, and failing to provide researchers with special access to its data. “Today’s decision has […]

Turkey Plans Drone Facility In Pakistan Turkey, long a pioneer in military drone development and production, plans to set up a facility in Pakistan to assemble combat drones, part of Ankara’s drive to boost its defense industry in international markets, Bloomberg reported citing Turkish officials. Talks over the project, which would see Turkey export stealth and long-endurance drones to be put together in Pakistan, have advanced significantly since October.  The discussions are part of Turkey’s efforts to grow its defense industry, a strategy that underpins President […]

Rosneft Oil Cargo Wanders For Weeks As Sanctions Mount By Tsvetana Paraskova of OilPrice.com A cargo of crude oil from sanctioned Russian giant Rosneft has made an 11-week-long meandering trip around Europe and Asia in search of buyers and although it has anchored off a sanctioned Chinese import port, it’s not certain it has reached its final destination yet. The Fortis tanker with about 700,000 barrels of now sanctioned Russian oil dropped anchor near the Chinese port of Rizhao on the east coast on Tuesday, tanker-tracking data compiled by Bloomberg showed. The Fortis did […]

Germany Plans Largest Single-Year Investment In Arms, Equipment In Its History At a moment the Russia-Ukraine war grinds on, and as Trump-led efforts to find peace have been frustrated - largely as Zelensky and his backers have balked at agreeing to any territorial compromise as the bases of a deal - Germany is busy transforming its military with an aim to boost Bundeswehr numbers and meet NATO targets. That news dominated headlines last week, but added to this Bloomberg is newly reporting Tuesday that the troop expansion will coincide with a major tech and armament expansion, […]

Europe's Brown New Deal Authored by Dmitry Orlov via ForumGeopolitica.com, As living standards in Europe decline, the elites are inventing a fictional enemy: Russia. With staged provocations and historical distortions, they want to divert people's anger and justify higher military spending. The result of the Green New Deal is steadily decreasing living standards throughout Europe stemming from the root cause of lower amounts of affordable energy per capita. In turn, it is superficially stable but steadily worsening living conditions, much more so than an outright crisis, […]

Modern Warfare: Lessons From Ukraine Authored by Adam Sharp via DailyReckoning.com, Before Russia invaded Ukraine in 2022, we had very little insight into what modern warfare would look like. How would hypersonic and cruise missiles perform? What impact would drones have on the battlefield? How important is artillery in modern warfare? How relevant are tanks? And what about electronic warfare? All these questions have been answered by this war. Today let’s review what we’ve learned so far. The future of war is looking more science-fiction by the day. Drones are […]

Western Colleges Help Build China's Digital Dragnet With Taxpayer Funds, Study Warns Submitted by The Bureau's Sam Cooper, Over the past five years, some of the world's most technologically advanced campuses in the United States, Canada and the United Kingdom — including MIT, Oxford and McGill — have relied on taxpayer funding while collaborating with artificial-intelligence labs embedded in Beijing's security state, including one tied to China's mass detention of Uyghurs and to the Ministry of Public Security, which has been accused of targeting Chinese dissidents abroad. […]

Israel Launches New Wave Of Huge Airstrikes On Lebanon Israel's military has confirmed it carried out new waves of air attacks in southern Lebanon that damaged several homes and buildings, which the IDF said primarily targeted Hezbollah training camps. The largescale attacks occurred despite what's supposed to be a agreed upon truce in effect going all the way back to November 2024. Prior to that, Hezbollah had been engaged in daily exchanges of rocket and drone fire, in a war which kicked off in tandem with the Gaza war. via Associated Press Lebanon’s National News Agency […]

The price of gold is coiled to skyrocket vs the stock market, but look at silver...

Silver has shattered its psychological barrier, breaking past $60 per ounce for the first time in history. This milestone in the precious metals bull market signals fundamental shifts in industrial demand and monetary dynamics that could sustain higher prices for years. Discover the five key drivers behind this unprecedented surge...

What is happening behind the scenes in the gold market is absolutely wild.

Gold trades steady at $4,200 as the Fed prepares a hawkish rate cut Wednesday. Global central banks are pumping the brakes on easing, while persistent inflation keeps Americans struggling with soaring costs for food, housing, and childcare—fueling safe-haven demand.

Look at who just said silver might spike above $500.

Gold and silver consolidation continues, what to do with miners?

Federal Reserve Chair Jerome Powell is set to deliver another rate cut this week despite growing dissent among policymakers. Meanwhile, China's central bank extended its gold buying streak to 13 consecutive months, even as prices trade near record highs. State Street Global Advisors sees a potential path for gold to...

Today the short squeeze in the silver market continued with shortages of physical metal being seen across the world.

Institutions are turning increasingly bullish on gold, with many forecasting prices above $5,000 by 2026. Driven by record central bank buying, rising geopolitical tensions, and persistent inflation, the 2026 gold price prediction reflects powerful structural forces reshaping the market. Is your portfolio positioned for what comes next?

Yes, gold, silver, copper, but look at this metal...

Markets are holding their breath ahead of today's delayed PCE inflation report—the Fed's preferred gauge and final data point before next week's rate decision. Gold is consolidating near $4,235 while silver holds near record highs after hitting $58.98 this week. Meanwhile, Treasury bonds are suffering their worst week since June...

Look at who has lost control, plus another gold and silver bull catalyst.

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told King World News that this man's predictions for the world are absolutely terrifying.

Silver pulled back from an all-time high of $58.98 while gold consolidated near $4,200 as traders await next week's Federal Reserve meeting. Markets are pricing in an 89% chance of a rate cut, while mixed labor data and plunging oil prices signal both resilience and caution in the global economy.

Silver just hit all-time highs — but according to Mike Maloney and Alan Hibbard, the real move is still ahead. With a 7-year supply deficit, a historic 45-year technical breakout, and a collapsing gold-to-silver ratio, the fundamentals point to dramatically higher prices. Here's why it's not too late to buy...

Expect 2026 to be a year of market interventions and a scorched economy.

Most investors lose money because they never learned how to choose investments in the first place. In 2026, you don't need more complexity—you need clarity. Alan Hibbard's 3-question framework cuts through market noise so you can evaluate any asset based on fundamentals, not emotions.

Bank of America's investment team says the dollar's dominance is over—gold is in. Central banks are accumulating at record pace, the Fed is cutting rates, and jobs data is weakening. Silver just doubled in 2025. For precious metals investors watching the macro shift unfold, the message is clear.

Copper just joined gold and silver in record territory for the first time in decades — a powerful signal that investors are rotating into real, tangible assets. With supply tightening, central banks ramping up gold purchases, and global PMI data flashing slowdown, hard assets are emerging as the preferred hedge...

Designing the perfect money reveals a simple truth: you can’t escape the Perfect Money Trilemma. Gold, silver, and Bitcoin endure because they choose security and decentralization over scalability—unlike most cryptocurrencies that only appear decentralized. This episode breaks down why real value always circles back to sound, Layer 1 money.

Silver touched a record high of $57.86 per ounce Monday, surging nearly 90% year-over-year as physical supply tightens and traders price in a December Fed rate cut. Gold also climbed to a six-week high of $4,241, with major banks including JPMorgan and Goldman Sachs now projecting prices could surpass $5,000...

Silver’s rally didn’t break — the CME did. As trading halted across major markets, silver kept surging, breaking out above prior highs despite margin hikes. With confidence in fiat eroding and price signals returning, this move mirrors the explosive setup of the late 1970s. Silver may be leading the next...

For more than a century, the London Gold Fixing—now the LBMA Gold Price—has set the benchmark that guides global gold transactions. Today’s transparent, twice-daily electronic auctions reflect real-time supply and demand, shaped by central bank policies, inflation, currency movements, geopolitics, and physical market fundamentals. Understanding these forces helps investors interpret...

Is gold truly expensive at $4,000—or is the real price being held down? Mike Maloney and Alan Hibbard reveal the LBMA gold suppression chart, the structural silver deficit, and why both metals may be headed much higher.

Gold pushed higher overnight as traders priced in faster Fed easing and Treasury yields retreated. But the bigger story: with Jerome Powell's term ending in early 2026, uncertainty over Fed leadership is mounting. From Kevin Hassett's pitch to a shortlist of five candidates, the race to lead the Federal Reserve...

Is socialism really “on the way,” or has the U.S. already crossed the line? Mike Maloney and Alan Hibbard break down the systems, incentives, and policies that reveal how deeply government control is embedded in everyday American life — and why it matters for anyone protecting their financial future.

Trump's $21 trillion investment claim shrinks to $3 trillion under scrutiny, while delayed GDP reports and disappointing retail sales raise questions about data integrity and economic strength. With consumers tapped out from years of rising costs and producer prices jumping again, the economic picture is murkier than ever. Meanwhile, China's...

Most cryptocurrencies claim decentralization, but few truly achieve it. Alan Hibbard breaks down why most networks remain centrally controlled—and why only systems governed by math or physics, like Bitcoin and gold, avoid the risks investors overlook.

Gold held near $4,080 Monday as December Fed rate cut expectations surged, but a strong dollar and divided Fed officials kept gains modest. Treasury Secretary Bessent claimed tariffs don't drive inflation—contradicting CPI data showing a jump from 2.3% to 3.0% since April. UBS sees silver's pullback as a buying opportunity...

Mike just stepped off stage at the world’s oldest investment conference — and if you weren’t there, you missed something.  The New Orleans Investment Conference just wrapped with a record crowd. “We were bursting at the seams,” producer Brien Lundin told Mike.  But these weren’t casual observers. These were investors...

Gold investors face whiplash as conflicting signals roil precious metals markets. While New York Fed President Williams opened the door to December rate cuts, stronger-than-expected jobs data has traders second-guessing the Fed's next move. Meanwhile, gold demand is cooling across Asia amid price volatility, job openings continue their post-ChatGPT slide,...

The Fed's December decision just became a coin flip. September jobs beat expectations with 119,000 positions added, but traders slashed rate cut odds to 50% after Cleveland Fed President Beth Hammack warned that easing now could "prolong elevated inflation." Her concerns mirror Main Street, where 70% of small businesses cite...

In The Physics of Money, Alan Hibbard reveals how entropy—the universal force of disorder—quietly erodes wealth. By viewing money through the lens of physics, he explains why real money like gold, silver, and Bitcoin excels at resisting this decay, while fiat currencies accelerate it. This episode reframes value, work, and...

Gold treads water near $4,100 as traders await key Fed minutes and delayed jobs data, while China rapidly closes the "gold gap" with the U.S. in a strategic de-dollarization push. Meanwhile, Americans are tightening belts this holiday season with spending down from last year's record highs. President Trump floats a...