By Charles Kennedy of OilPrice.com Austrian businessman Bernd Bergmair, former majority owner of Pornhub, has approached the U.S. Treasury about buying assets of Russian oil major Lukoil after the Trump administration sanctioned the company.  “Obviously Lukoil International GmbH would be a great investment and anybody would be fortunate to have the privilege of owning those […]

Copper futures on the London Metal Exchange opened the week with a breakout to new record highs (see report). On Wednesday, we highlighted a Goldman note detailing the “circular melt-up” mechanics driving the move higher. By Thursday, a separate Goldman analyst was cautioning clients that the parabolic move above $11,000/ton is unlikely to last. At […]

Authored by Greg Hunter’s USAWatchdog.com  Financial writer and precious metals expert Bill Holter (aka Mr. Gold) said at the beginning of November that there was “more risk in the financial system now than any time ever.”   There are so many ways the system can break down it’s hard to keep track, but let’s start with exploding silver prices […]

European automaker shares rose sharply on Thursday after President Donald Trump moved to roll back U.S. fuel economy limits established under Joe Biden, according to Reuters. The administration framed the proposal as a way to lower consumer costs by making it easier for companies to sell gasoline-powered vehicles. By mid-morning, Porsche shares were up more […]

The Chinese Communist Party was not pleased with her comments. It has banned Japanese seafood imports and canceled around 1,900 flights from China to Japan, nearly 40 percent of all such air traffic. It has also attempted to reduce cultural links between the two countries, canceling concerts by Japanese performers in China and issuing travel […]