In case you missed it...
A Swiss court has ruled that regulators’ decision to wipe out SFr16.5bn (£15.5bn) of Credit Suisse bonds as part of a government-orchestrated rescue was unlawful but stopped short of ruling whether investors should be repaid. The case was brought by about 3,000 investors across 360 cases after Swiss financial regulator Finma ordered the bank’s Additional Tier 1 (AT1) bonds be written off in March 2023, as part of Credit Suisse’s emergency rescue by UBS. The Swiss Federal Administrative Court said that Finma had no clear legal basis for the move. The court found that the regulator’s decree had been invalid but did not rule on whether the bonds should be reinstated or repaid. Source: FT https://lnkd.in/eTfcR2yT
Silver was brutally slammed by $3.75/oz, or 7%, in the early hours of the morning.
Is someone (a bank?) trying to force prices below the critical $50 level ??? Source: Jesse Columbo
Silver continues leaving COMEX, another 4.56 million ounces withdrawn in a single day.
That means traders are actually taking physical delivery instead of just trading paper contracts. It’s happening because the London silver price is higher than New York’s, so traders are pulling real metal from U.S. vaults to sell it where it’s worth more. Each withdrawal tightens supply further and shows how physical demand is outpacing what’s left on paper. Source: StockMarket.news
OKLO
One year ago: $OKLO $9/share, $0 in revenue. Today: $OKLO $175/share, still $0 in revenue. Source: Trend Spider
$URA Global X Uranium miners ETF was up another +2.7% yesterday.
It is up +432.34% over the past 5 years
US small-caps yesterday hit the highest levels since February relative to Large-caps
Source: J-C Parets
JPMorgan is launching a $1.5 Trillion initiative to boost critical industries in America:
“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing.” -Jamie Dimon Source: Geiger Capital
Are we still in the early stages of a major cycle where silver outperforms U.S. equities????
This chart by Otavio (Tavi) Costa highlights just how early we might be in a broader trend of capital rotating into hard assets. Source: Crescat, Tavi Costa, Bloomberg
