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Gold’s monumental rally in recent months is far from over, as the precious metal continues to play an instrumental role in today’s financial landscape, according to Cam Currie, senior investment advisor at Canaccord Genuity’s Currie Metals & Mining Group. In an interview on The Northern Miner Podcast with host Adrian Pocobelli, Currie shared his bullish outlook on precious metals, emphasized the strength of mid-tier miners, and unpacked how global debt and monetary shifts are reshaping the role of gold in institutional portfolios. Gold in a new paradigm Currie believes gold’s breakout to all-time highs in recent months is only the beginning of a longer-term structural move. “We’ve seen a tectonic shift,” he said, pointing to how central banks, especially outside the US, are reallocating reserves away from US Treasuries and toward gold. “There’s $300 trillion in global debt,” Currie warned. “Gold has no debt, no political baggage, and no printing press behind it.” He also highlighted the upcoming implementation of Basel III regulations in July, which will classify gold as a Tier 1 asset—putting it on par with sovereign debt for reserve purposes. “That’s a game-changer,” said Currie. “Once gold is accepted as collateral, it unlocks a lot of institutional interest.” Mid-tier miners in sweet spot With gold’s momentum rising, Currie sees particular value in the mid-tiers and developers in the mining sector. “These companies are generating strong cash flows, have little or no debt, and are trading at steep discounts to their net asset value,” he said. At Canaccord’s recent mining conference in Nevada, Currie noted that many management teams are focused on discipline: paying down debt, initiating dividends, and preparing for index inclusion. “As more ETFs include these names, we expect a re-rating,” he added. He also flagged that some of the sector’s strongest performers have not been the household names. “Newmont and Barrick are still the poster children in the US, but the best performers have been Agnico Eagle, Kinross and Lundin Gold,” Currie noted. Silver, copper offer further upside While gold is leading the rally, Currie also sees silver as a compelling play, calling it “the poor man’s gold.” With silver lagging gold and trading at over 100-to-1 on a price ratio basis, he expects it to catch up. “Historically, that ratio moves toward 60-to-1 or even 50-to-1,” he said. Currie is also bullish on copper in the long term, though he expressed some caution in the near term due to macroeconomic risks. “We’re still in the recession camp,” he said, referencing weak industrial demand and geopolitical tensions. But looking ahead, he cited electrification, AI infrastructure, and the lack of new mines as long-term drivers. “There’s a real supply problem coming.” Digital gold a breakout catalyst Currie also revealed that the World Gold Council is progressing with its long-discussed blockchain-based gold product—a digital, traceable, vault-backed version of the metal. “They’re starting to float marketing campaigns,” he said. “It’s coming.” He believes this initiative could bring a new generation of investors into the space. “Bitcoin is being called digital gold. But now we’re about to get actual gold in digital form—with full title and backing. It’s going to shift the narrative in a huge way.” Institutional awakening to come Despite gold’s record highs, Currie observed that institutional interest remains muted. “Only 1% of US family offices have gold in their portfolios,” he noted. He attributes this to a mindset rooted in the dollar exceptionalism and the dominance of equity and tech investing. However, as bond markets show strain and long rates rise—without the US dollar strengthening—he believes that narrative is beginning to shift. “We’re on a new trajectory with gold,” Currie said. “This freighter has turned, and it’s going to keep going for a long time.”

Can You Time Month-End Forex Rebalancing Flows? Understanding FX Hedging and Dollar Demand Every month, as the calendar approaches its final days, professional forex traders and global asset managers pay close attention to potential month-end rebalancing flows. Driven largely by movements in equity market, especially U.S. stocks, these flows can influence currency markets in ways that create both opportunity and risk. But the key question remains: Can you actually time these month-end forex rebalancing flows? How Equity Performance Drives Forex Rebalancing When U.S. equities rise or fall during the month, institutional investors such as pension funds, sovereign wealth funds, global asset managers and index fund managers adjust their currency hedges accordingly. These investors typically hedge against currency risk, especially when investing in foreign assets. Here’s how it works: • If U.S. stocks rise, the value of foreign investors’ portfolios (in dollars) increases, so they must sell dollars to stay fully hedged. • If U.S. stocks fall, those investors are overhedged and need to buy back dollars to rebalance their hedge. Example: German Fund Manager 1. Portfolio rises from $1,000,000 to $1,100,000 o $100,000 becomes unhedged. o Action: Sell USD / Buy EUR to restore hedge. 2. Portfolio falls from $1,000,000 to $900,000 o Hedge is now too large. o Action: Buy USD / Sell EUR to reduce exposure. This is simple math but doesn’t help much with timing of such flows, which remains highly uncertain. May 2025: U.S. Equity Performance Signals Dollar Selling As of May 27, the U.S. stock market has seen robust gains: • S&P 500: 5,569 → 5,921 (+6.3%) • Dow Jones: 40,669 → 42,343 (+4.1%) • Nasdaq Composite: 17,446 → 19,199 (+10.0%) US500 (SP500) Daily Chart US30 (DJIA) Daily Chart NAS100 (NASDAQ) Daily Chart Such strong performance suggests that many foreign investors will need to sell dollars to rebalance their currency hedges by month-end. When Do Rebalancing Flows Hit the Market? There’s no set rule for when these flows occur although logic suggests they might start 2 days before (spot date) through the 4 PM London month end fix. When thinking about month end currency rebalancing, attention is usually on the 4 PM London fix, where such orders are clustered but as noted they can occur at any time. While not privy to the flows, logic says they likely occur the closer it gets to month end (e.g. day before or on month end day). Leading Up to the 4PM London Fix The 4PM London fix is a widely used benchmark for month-end currency valuations. While some orders are executed exactly at this fix, others may be: • Executed in advance to avoid thin liquidity or high volatility as the 4PM London fix time approaches • Scaled into the market at month end or over a few days before month-end • Delayed until the fix to accurately reflect Net Asset Value (NAV) Note: Bank traders used to share and front-run these orders, but regulators have largely cracked down on this practice. Why It’s Hard to Time Currency Rebalancing Flows Traders outside the institutional network face a significant challenge. Without direct insight into the size, direction, or execution strategy of rebalancing flows, timing them is guesswork, making it hard to game the event. Still, being aware of which direction the flow likely favors (e.g., dollar selling in May 2025) provides valuable information. Key Factors to Consider: • Are US equities out or underperforming those in other countries as that can have an impact on net currency rebalancing. • Current technical picture will give a clue what side of the market can more readily (or not) absorb the flows • Any news that would counter the forex rebalancing the flows Tips for Traders: Navigating Month-End FX Volatility • Be alert to sudden forex moves 1–2 days before and during month-end. • Watch the lead-up to the 4PM London fix for increased volatility. • Look for bank research on expected month end rebalancing flows by currency and volume. • Understand that some erratic spikes, especially around the London fix, may present opportunities to fade. The Bottom Line: Be Aware, Not Predictive You don’t need to be a fortune teller to benefit from month-end forex flows but you do need to be aware. Trying to front-run or predict exact timing is risky, but knowing that flows, for example, likely favor dollar selling at the end of May 2025 can help shape your strategy or at least keep you on alert. The bottom line is the period just before and into month end is not always a typical one, depending on how equities performed during the month. You would need a crystal ball to identify the timing of such orders but just knowing what side it favors can be useful information. Personally, I am on alert for any sudden forex moves but most of my attention in this regard is focused on the lead up and just after the 4PM London fix which often offer opportunities to trade (mainly fade) any erratic swings. Remember, this is not an exact science but understanding rebalancing flows can provide valuable information and a clue to explain price action around month end, especially when taken in context of the overall technical picture in any currency (e.g. a fall in the USD could be easily explained while a firmer USD would suggest there is more going on besides rebalancing). . Get a FREE Trial of The Amazing Trader – Click HERE

Perpetua Resources (NASDAQ: PPTA) (TSX: PPTA) announced Wednesday it has won up to $6.9 million in funding from the US Army via the Defense Ordnance Technology Consortium (DOTC) to support the development of its Stibnite antimony-gold project in Idaho. This additional funding, awarded under an ordnance technology initiative agreement (OTIA) from August 2023, builds on the $15.5 million already awarded to the company by the DOTC, Perpetua said. According to the Boise, Idaho-headquartered miner, the funding will be used for testing intended to demonstrate the feasibility of using material sourced from the Stibnite project to produce military-specification antimony trisulfide, a critical component in certain munitions and advanced defense systems. The OTIA is intended to fund the development and delivery of a flexible, modular pilot plant to the US Army to process antimony and other materials of Department of Defense interest. The additional funding would enable Perpetua to expand material sampling and increase the scope and size of the pilot plant, the company said. “We are honored to continue our work with the US Army to secure a domestic source of antimony trisulfide,” CEO Jon Cherry said in a press release. “Advancing America’s capabilities to process minerals critical to national defense is essential for our long-term mineral independence and resilience.” Despite the funding, shares of Perpetua Resources traded 1.1% lower at C$19.47 apiece by 10:30 a.m. ET, for a market capitalization of C$1.4 billion ($1.01bn). Only known US antimony reserve The Stibnite project currently holds the only identified reserve of antimony in the US. At an estimated 148 million lb., it represents one of the largest antimony reserves outside of Chinese control. How a gold-stibnite restoration in Idaho could add antimony to US supply chain Once built, the mine is expected to supply up to 35% of America’s antimony needs during its first six years of operations, based on the 2023 USGS commodity summary. A 2021 feasibility study projects its total antimony production to be 115 million lb. over an estimated 15-year mine life. The US currently produces no antimony and relies largely on China, which accounted for 60% of globally mined antimony in 2024. Due to its strategic importance to the US, Stibnite was recently placed on the initial list of 10 projects selected by the newly formed National Energy Dominance Council for fast-tracked permitting. Last week, the $1.3 billion project received its final federal permit. In addition to antimony, the project is expected to produce a significant amount of gold, totalling 4.2 million oz. during its mine life.

Bullish animal spirits have roared back into the US stock market, reignited by the recent US-China trade tension truce, which led to a 90-day pause in lowered tariffs between the two superpower nations, with an expiration date set on 10 August 2025. Key takeaways The 90-day US-China trade truce, ending August 10, 2025, reduces tariffs and lifts investor sentiment, pushing the Nasdaq 100 higher.Q1 Nvidia earnings are expected to show a 52% EPS jump, fuelling tech optimism and supporting the Nasdaq rally.A close above 21,440 key resistance on the Nasdaq 100 could trigger a move toward the 22,470–22,980 zone.Watch 20,340 key support for the Nasdaq 100 and 124.90 key support for Nvidia to maintain the bullish trend.Meanwhile, US President Trump has dialled back his hawkish rhetoric on tariffs against the European Union (EU), extending the deadline for imposing 50% duties on all EU imports to 9 July from an earlier threat of 1 June. The rebound in risk appetite and diminished expectations of a stagflation drove the major US stock indices above US President Trump’s 2 April “Liberation Day” levels. Significant rallies in the mega-cap technology stocks put the Nasdaq 100 back into a bull market. It surged by 29% from its 7 April low to Tuesday, 29 May’s closing level, just a month after it plummeted by -25% from its 19 February all-time high. Bullish breakout in Nvidia suggests a fresh impulsive up move close Fig 1: Nvidia medium-term trend as of 28 May 2025 (Source: TradingView) /media/images/NVDA_2025-05-28_21-45-58.width-1400.png Nvidia, the second-largest market-cap component stock in the Nasdaq 100, is set to report its first-quarter earnings results after the close of today’s US session, 28 May. A rosy beat is expected, where the consensus is expecting a significant jump of 52% in earnings per share to US$0.93 from US$0.61 (Q1 2024), according to data compiled by Trading Economics, suggesting resilient demand for Artificial Intelligence (AI) related GPU chips despite a potential bleak global economic growth prospect due to the uncertainties from US trade tariffs. The technical chart of Nvidia suggests that its price actions are set to potentially retest its current all-time high level printed on 7 January, with its first medium-term resistance at 148.77, and a break above it sees 158.30 (Fibonacci extension cluster) next. Key medium-term support rests at 124.90 (also the 20-day and 200-day moving averages). Two key bullish elements. Firstly, the rising daily Chaikin Money Flow (CMF) indicator above 0.17, which suggests a bullish momentum condition with an expansion in volume. Secondly, the ratio chart of Nvidia/Nasdaq 100 is advocating further Nvidia’s outperformance over Nasdaq 100 as it inches higher above its 50-day moving average since 7 May (see Fig 1). All in all, these observations suggest that a positive development in Nvidia’s technical chart may see a positive feedback loop into the price actions of the Nasdaq 100. Impending potential bullish breakout above 21,440 for the Nasdaq 100 close Fig 2: US Nasdaq 100 CFD Index medium-term trend as of 28 May 2025 (Source: TradingView) /media/images/NAS100USD_2025-05-28_22-01-54.width-1400.png Since 15 May 2025, the price actions of the Nasdaq 100 CFD Index (a proxy of the Nasdaq 100 E-mini futures) have faced a “stubborn” intermediate resistance at the 21,440. However, two technical factors are now supporting a potential bullish breakout above 21,440 (finally) as Nvidia’s earnings announcement looms after the closing bell today, 28 May. Market breadth conditions have improved significantly since 12 May, as the percentage of Nasdaq 100 component stocks trading above their respective key 200-day moving averages has risen to 61% as of Tuesday, 27 May, from 44% printed on 6 May (see Fig 2). The daily RSI momentum indicator has inched higher steadily and has not reached an extreme overbought level of 78 and above, which suggests the medium-term upside momentum remains intact. Watch the key 20,340 key medium-term pivotal support (also the 200-day moving average), and a clearance above 21,440 sees the next medium-term resistance coming in at 22,470/22,980. On the other hand, failure to hold at 20,340 key support for the Nasdaq 100 CFD Index invalidates the bullish scenario to kickstart another corrective decline sequence to expose the next medium-term supports at 19,760 and 19,240 within its major uptrend phase. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

On 28 May 2025, popular American video game and electronics retailer GameStop confirmed the purchase of 4710 Bitcoins through a post on X. The company’s first crypto investment, especially after Bitcoin’s recent ATH, is worth over $512 million. The move comes after GameStop’s board unanimously approved an update to its investment policy to add BTC as a treasury-reserve asset in February 2025. On 26 March 2025, the company stated its intention to use its $1.3 billion in private offering of convertible senior notes (that can later be swapped for company stock) “for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy.” $GME This 4,710 Bitcoin purchase make GameStop the 13th public company with the most Bitcoin in the world. pic.twitter.com/Y41uXV7bsZ — Han Akamatsu 赤松 (@Han_Akamatsu) May 28, 2025 Explore: Is GameStop the New Strategy? GME BTC Reserve Details Drop GameStop CEO Ryan Cohen Follows In Michael Saylor’s Footsteps The market reacted positively as GameStop shares surged 4.3% in premarket trading. Currently GME is trading at $36.52. GameStop CEO Ryan Cohen is known to be a pro-Bitcoin head. Following in the footsteps of Strategy’s Michael Saylor, Cohen also shared a picture with him in February 2025. Saylor bought billions worth of BTC. The most recent update, on 1 May 2025, is that Saylor has acquired 15,355 Bitcoins worth over $1.4 billion. Strategy is likely to continue buying more BTC, funded through a mix of Class A and Series A preferred share offerings. With over 553,000 BTC under control, Strategy’s purchase underscores its strong conviction in Bitcoin and belief that it will rally in the coming years. NEW: Michael Saylor met with GameStop CEO Ryan Cohen last night #Bitcoin pic.twitter.com/YkSDDXBNJ7 — Bitcoin Magazine (@BitcoinMagazine) February 8, 2025 GAMESTOP CEO RYAN COHEN: “I like looking where no one else is. That’s where the best opportunities are.” And you still think he’s not stacking Bitcoin? pic.twitter.com/43axRAf4J5 — Simply Bitcoin (@SimplyBitcoinTV) May 22, 2025 DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 Key Takeaways GameStop confirmed the purchase of 4710 Bitcoins worth over half a billion, through a post on X, The market reacted positively as GameStop shares surged 4.3% in premarket trading. Currently GME is trading at $36.52. The post GameStop Confirms Purchase of 4710 Bitcoins Worth Over Half a Billion appeared first on 99Bitcoins.

The global diamond industry is undergoing a rapid and unprecedented collapse, according to tech entrepreneur and academic Leanne Kemp, though some industry analysts argue that while the downturn is severe, it is not terminal. Plunging revenues, halted operations and growing doubts about diamonds’ cultural and economic relevance are just some of the symptoms cited by Kemp, who insists the industry isn’t just slumping. She said it’s “disassembling”. The past quarter has laid bare the severity of the crisis. Anglo American’s (LON: AAL) De Beers, the world’s largest diamond producer by value, saw a 44% revenue drop and is sitting on $2 billion worth of unsold stock. The company plans to cut over 1,000 jobs at its Debswana joint venture, according to the mine workers union, even though the operation is the backbone of Botswana’s economy. Russia’s Alrosa, under heavy sanctions, reported a 77% plunge in profits and halted operations at key mining sites. Petra Diamonds (LON: PDL), battered by a 30% decline in sales, lost its CEO and has now two people in that position while it sells off assets to stay afloat. Lucapa (ASX:LOM) in Australia entered voluntary administration last week, while Sierra Leone’s Koidu Limited shuttered operations and laid off more than 1,000 employees after losing $16 million to labour strikes. Even Lucara (TSX: LUC), which operates in both Botswana and Canada, is now facing a “going concern” warning, despite continued investment in its Karowe mine and production records. “These are not isolated events. They are symptoms of an industry whose cost structures, cultural relevance, and geopolitical foundations are no longer fit for the moment, Kemp writes. The entrepreneur notes the diamond’s traditional narrative of permanence, romance and rarity no longer resonates in a world that demands ethical sourcing, sustainability, and transparency. But not everyone sees an existential threat. Industry analyst Paul Zimnisky offers a more tempered view. “This has been a painful period, especially over the past three years,” he told MINING.COM. He attributes much of the downturn to a post-covid demand correction after record sales in 2021 and 2022, a luxury recession in China, and the disruptive rise of lab-grown diamonds. Zimnisky argues the easing of these pressures could return the sector to growth. Still, he acknowledges that the industry’s fate hinges on its ability to rekindle desire for natural diamonds. “If the industry gets lethargic and loses its way on the marketing front, all bets are off,” he warned. For ever? The spotlight now falls on De Beers. Once synonymous with manufactured scarcity and aggressive branding, the company is up for sale. Anglo American has cut its valuation by $4.5 billion in just over a year, and no buyers have emerged. Earlier this month, De Beers announced it would shut down its lab-grown diamond jewellery brand, Lightbox, signalling a return to its roots and a renewed focus on natural diamonds, which inspired the iconic “Diamonds are Forever” slogan. The move marks an effort to reposition the company amid growing pressure on the industry. Kemp believes the future of diamonds lies in verifiable origin and ethical narratives, not in nostalgia. Zimnisky, while optimistic about De Beers’ future under new ownership, agrees that the cultural meaning of diamonds is shifting. “There are constantly changing cultural norms and behaviours,” he noted. Fresh campaigns are targeting Zillennials, the microgeneration born between 1993 and 1998. (Image courtesy of De Beers.) Some have proposed repositioning diamonds as stable, tradable assets. But Zimnisky is sceptical. “Diamonds are not fungible like gold,” he said. “There’s more friction in secondary trading. Still, the rarest and highest quality stones will continue to be seen as stores of value.” For economies “sensitive” to changes in the diamond market, such as Botswana, Canada, Namibia, Angola and Russia, the stakes are high, says Zimnisky. He notes the lesson of recent years is clear: storytelling and marketing are now critical. “This is a luxury product — it needs to be merchandised as such. All stakeholders must contribute to shaping the message.” The old era of diamonds, rooted in mystique and monopolies, is ending. What comes next must be leaner, more transparent, and grounded in today’s values. The glitter hasn’t gone, but it needs a new reason to shine.

The Australian dollar has extended its losses on Wednesday. AUD/USD is trading at 0.6415 in the North American session, down 0.44% on the day. Australia's CPI remains at 2.4% Australia's inflation rate remained unchanged in April at 2.4% y/y for a third straight month, matching the lowest rate since Nov. 2024. The reading was slightly higher than the market estimate of 2.3% but remained within the central bank's inflation target of 2%-3%. Trimmed mean inflation, the central bank's preferred indicator for underlying inflation, edged up to 2.8% from 2.7% in March. The inflation report was mildly disappointing in that inflation was hotter than expected. Underlying inflation has proven to be persistent which could see the Reserve Bank of Australia delay any rate cuts. The markets have responded by lowering the probability of a rate cut in July to 62%, compared to 78% a day ago, according to the ASX RBA rate tracker. A key factor in the July decision will be the second-quarter inflation report in late July, ahead of the August meeting. The Reserve Bank lowered rates last week by a quarter-point to 3.85%, a two-year low. The central bank left the door open to further cuts, as global trade uncertainties are expected to lower domestic growth and inflation. Federal Reserve minutes likely to highlight uncertainty The Federal Reserve releases the minutes of its May 7 meeting later today. At the meeting, the Fed stressed that it wasn't planning to lower rates anytime soon and the minutes are expected to confirm the Fed's wait-and-see stance. US President Trump has been zig-zagging on trade policy, imposing and then cancelling tariffs on China and the European Union. Fed Chair Powell said at the May meeting that the economic uncertainty due to tariffs means that the appropriate rate path is unclear and that message could be reiterated in the Fed minutes. AUD/USD Technical AUD/USD is testing support at 0.6417. Below, there is support at 0.6393There is resistance at 0.6460 and 0.6480 close AUDUSD 1-Day Chart, May 28, 2025 /media/images/AUDUSD_2025-05-28_16-58-30.width-1400.png Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Trump Media stock ($DJT) is no longer just chasing clicks from the MAGA faithful; it is now a stock with teeth, sniffing blood in the Bitcoin pool. The company announced a $2.5 billion capital injection led by institutional investors, with plans to park a major portion in Bitcoin—a corporate treasury play that mirrors stocks like MicroStrategy and Tesla. (DJT) Exploring Trump Media’s Stock Performance Roughly 50 institutional players are backing Trump Media’s $2.5 billion push, split between stock and convertible debt. The goal: stack Bitcoin at scale. It’s earmarked for one of the most aggressive Bitcoin treasury moves to date. Anchorage Digital and Crypto.com will handle custody. Devin Nunes, Trump Media’s CEO, called bitcoin an “apex instrument of financial freedom,” stating: “This is the first of many ‘crown jewel’ acquisitions we’ll pursue.” BREAKING: Devin Nunes, CEO and Chairman of Trump Media, stated, “We consider Bitcoin the ultimate symbol of financial liberty, and moving forward, Trump Media will integrate cryptocurrency as a key component of our asset portfolio.” pic.twitter.com/ESutqRdhMp — Watcher Oracle (@WatcherOracle) May 28, 2025 Nunes emphasized that holding bitcoin gives the company a defensive tool against “discrimination by financial institutions” targeting conservative businesses. Key Technical Analysis of Trump Media’s Stock: Despite the high-profile announcement, Trump Media’s stock remains volatile. Shares saw a sharp drop of 10% following the news and are down 30% year-to-date. Here’s what the TA looks like for DJT: Support Levels: Strong support zones lie between $23.20 and $23.60, with deeper support at $22.00. Resistance: The first major resistance sits at $24.50, followed by $25.75 near the 200-day SMA. Moving Averages: A bearish death cross has formed, with the 20 SMA at $23.52 and the 200 SMA at $24.31. Personally I am not bullish $djt but for some reason sentimental reason maga supporters are bullish I believe $13 is an ideal buy zone pic.twitter.com/V8Y8BQyzy8 — Rice cooker (@anytimeFXmetal) May 27, 2025 99Bitcoins analysts are watching for a potential recovery if shares can reclaim the $24.50–$25.00 range. While short-term trends lean bearish, a rounded bottom is forming hinting at stable prices soon. Spotlight on the Bitcoin 2025 Conference Another flashpoint is the Bitcoin 2025 conference, which we are attending by the way, come say hi! — and where the Trump administration is doubling down on its crypto-friendly image. The speaker list reads like a GOP-crypto crossover special—Vice President JD Vance, Donald Trump Jr., Eric Trump, and MicroStrategy’s Michael Saylor are all slated to take the stage starting with JD today. “Vice President JD Vance keynote confirmed on May 28 at 9:00 AM,” announced organizers. Despite efforts to rebrand Bitcoin as politically neutral, crypto in 2025 remains tethered to the GOP, cemented by Trump Media’s $2.5 billion war chest and a conference lineup straight from conservative central casting. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Trump Media stock ($DJT) is no longer just chasing clicks from the MAGA faithful; it is now a stock with teeth, sniffing blood in the Bitcoin pool. Another flashpoint is the 2025 BTC conference where the Trump administration is doubling down on its crypto-friendly image. The post Will Trump Media Stock Join Crypto Stock Winners After Bitcoin Treasury Move? appeared first on 99Bitcoins.

Adaptive Trade Precision with ForexIGO’s Momentum Tracker Adaptive Trade Precision with ForexIGO’s ForexIGO, an automated trading software developed for MetaTrader 4 (MT4), is designed to give traders an edge in two of the most actively traded markets: Gold (XAU/USD) and GBP/USD. Built for precision and discipline, it leverages momentum-based logic to detect trading opportunities as they form, not after they’ve passed. With built-in flexibility and structured automation, ForexIGO aims to bridge the gap between human decision-making and rule-based trading systems. It delivers a consistent and adaptive solution for volatile markets, making it a reliable tool for both seasoned traders and those exploring algorithmic tools for the first time. Overcoming the Lag: The Problem with Traditional Indicators Most indicators react, not predict. By the time an RSI dips or a moving average crossover, the real momentum’s already moved on. When timing slips, so does your competitive edge, others will capitalize first. ForexIGO solves this with a smarter approach. Instead of waiting around for lagging signals, its system responds to momentum shifts as they’re forming. Traders aren’t chasing moves, they’re positioned ahead of them. That edge is critical in fast-moving markets like Gold and GBP/USD, where precision timing isn’t optional, but essential. Momentum-Based Logic: A Smarter Trading Framework Momentum is central to ForexIGO’s strategy, but it’s how the system uses it that sets it apart. The bot combines oscillators, moving averages, and price action cues to detect shifts in buying and selling pressure before they’re obvious to the rest of the market. These signals are layered with candlestick pattern recognition to anticipate when trends are gaining strength or losing steam. Unlike manual trading, which leans on gut feel or delayed reactions, ForexIGO sticks to predefined logic, removing subjectivity and tightening execution. Its structure mirrors core principles of algorithmic trading, like volatility tracking and dynamic level mapping, but delivers it in a clean, accessible way. You get disciplined, reliable automation, without drowning in complexity or giving up control. Smart Execution: Pattern Recognition and Recovery Logic Building on its momentum logic, ForexIGO applies candlestick pattern recognition to read market context more precisely. This added layer helps the system avoid common traps like false breakouts, whipsaws, or exhaustion spikes-situations where many strategies falter. By factoring in how price behaves, not just where it moves, it strengthens its timing and trade quality. When a trade doesn’t move immediately in the expected direction, the system employs a light martingale strategy. It increases position size in controlled steps, always within limits set by the user, to recover from minor losses and turn the trade around. Unlike old-school martingale systems that double down blindly, this one is smart, calculated, and built with risk in mind. It’s part of a broader automated risk management framework focused on capital protection. All trades are executed with tight parameters, and users can customize stop-loss levels, take- profits, and lot sizing according to their preferred risk profile. The result? A system that adapts to the market, but also adapts to the trader. Emotion-Free, Consistent Trading Emotion wrecks more trades than bad strategy ever will. Hesitation, revenge trades, second- guessing, they’re all killers. ForexIGO cuts that out completely. It runs on rules, not feelings. Entries and exits are executed when the setup is right, not when nerves say go. There’s no guesswork, no hesitation, just clean, consistent execution backed by momentum logic. It hits the trigger when conditions align, not when fear or greed gets loud. For traders who want discipline without micromanaging every move, this is how you stay sharp in fast markets. FAQs 1. Is ForexIGO beginner-friendly? Yes, ForexIGO is designed to be accessible for both new and experienced traders. The setup is straightforward, and the interface integrates directly into MT4 for ease of use. 2. How flexible is the strategy? Absolutely. Users can adjust key parameters such as risk levels, lot sizes, trading sessions, and martingale steps. This ensures that the bot can fit your unique trading preferences. 3. Which pairs can I trade with ForexIGO? ForexIGO is optimized for XAU/USD (Gold) and GBP/USD, with logic specifically tuned for those instruments. 4. How does the bot handle risk? The bot uses a built-in risk management module with adjustable limits. Stop-loss levels, trailing stops, and capital exposure rules can be defined by the user. 5. Does ForexIGO run 24/5? Yes, as long as your MT4 terminal is connected and your VPS or computer is online, ForexIGO will scan the markets and execute trades based on its strategy parameters. About ForexIGO https://forexigo.com ForexIGO is an advanced trading solution engineered for traders who want structured, rule- based performance in volatile markets. Designed for MT4, it combines momentum trading strategies, candlestick pattern logic, and practical recovery mechanisms in one seamless package. You can use it to enhance a manual strategy or make the shift toward full automation. ForexIGO supports both with structure and control.

Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), began trading as a standalone entity on the Johannesburg Stock Exchange on Wednesday, marking the official demerger from parent company Anglo American. The miner, the world’s biggest producer of the precious metal by value, will also have a secondary listing on the London Stock Exchange from next Monday. The move is part of Anglo American’s (LON: ALL) broader restructuring strategy, announced last year to counter a $49 billion takeover bid from BHP (ASX: BHP). Anglo America is now focused on iron ore and copper, after receiving a substantial dividend from its platinum subsidiary before the split. Valterra’s debut on the JSE was marked by volatility, with shares opening lower before reversing course. The stock opened at 712.58 Rand ($37.8) and was last trading at 738.54 Rand ($39.2) as of 2 PM local time. The spinoff closes a chapter spanning over two decades in which platinum-group metals (PGMs)—including palladium, rhodium and iridium—powered both Anglo American’s growth and South Africa’s mining economy, overtaking gold as the country’s primary mineral exports. Growing pains Valterra steps into independence amid serious headwinds. Prices for key PGMs have slumped since early 2023, with palladium down 43% and rhodium plunging by 56%. That’s a sharp reversal from the record profits South African PGM miners posted just a few years ago. “I fundamentally believe PGM prices should be higher than where they are today, just given the deficits we see within the market and a positive outlook for PGMs given the changes in the nature of the energy transition,” Valterra chief executive officer Craig Miller said in a Bloomberg television interview Wednesday. A recent UBS report warned Valterra is expected to enter net debt of R8.4 billion by the end of June due to demerger costs and lost output following severe floods in February. Production at the Tumela mine in Limpopo province was suspended that month after heavy rains disabled the site’s pumping systems. Miller said Tumela is expected to resume operations by mid-year. Despite the setbacks, Miller remains optimistic. “We’ll have a really good second half. We’ve had a reasonable first half, but it’s had its challenges,” he said on the sidelines of the JSE. Chief executive officer Craig Miller. (Image courtesy of Valterra Platinum.) Analysts are also cautiously optimistic, citing signs of a recovery in platinum prices and solid demand from the jewellery and automotive sectors following recent industry events in London. To ease investor concerns about post-spinoff instability (or “flowback”), Anglo will retain a 19.9% stake in Valterra for now. The London listing is also intended to broaden the company’s investor base and maintain liquidity. Valterra is now the world’s fourth-largest platinum miner. Its launch adds momentum to Anglo’s wider asset reshuffle, which includes selling its coking coal operations in Australia, offloading nickel mines in Brazil, and evaluating options for its struggling De Beers diamond division. Still, uncertainty lingers. Some investors believe if Anglo’s valuation doesn’t significantly improve, the company could face renewed takeover interest. “The spin-off of Valterra removes the key hurdle and increases the probability of another M&A approach,” UBS analysts said in a research note on May 21. “The potential for M&A increases further as or when Anglo exits De Beers.”

Overview: The US dollar is mostly softer today against the G10 currencies. Ironically, the New Zealand dollar is the strongest following the widely expected quarter-point cut by the central bank. The Canadian dollar is the laggard, the only G10 currency not to have found traction against the greenback. Most emerging market currencies are also enjoying a firm tone, including the South Korean won, ahead of what is expected to be a quarter-point cut from its central bank tomorrow. Despite the strong gains in US equities yesterday, most of the Asia Pacific equity markets fell today. Taiwan, South Korea, and Singapore bucked the trend. Europe's Stoxx 600 is given back most of yesterday's 0.33% gain, while US index futures are also trading lower. Bond markets are also under pressure. Japan's 40-year bond auction saw its weakest reception in nearly a year and yields across the curve rose. European 10-year benchmark yield are mostly 2-4 bp higher, though Italian bonds are doing best in the eurozone and are nearly flat. The 10-year US Treasury yield is up nearly three basis points to 4.47%. The US will sell $28 bln two-year floating rate notes and $70 bln five-year notes today, alongside $60 bln four-month bills. After being hit for 1.3% yesterday, gold has returned firmer. It is up nearly 0.75% around $3324 in late European morning turnover. July WTI is trading quietly in a narrow (~$60.85-$61.45) range inside yesterday's (~$60.25-$62.15) range. USD: The initial attempt by North American traders to sell into the dollar's gains in Asia and Europe yesterday found ready buyers in the Dollar Index near 99.20. It was from there that DXY was bid to new session highs close to 99.60 with the help of the rebound in the Conference Board's measure of consumer confidence. It reached slightly above 99.85 in Asia Pacific turnover today, stopping shy of last Friday's high (~99.95). A move above 100.00-100.10 lifts the tone. If Federal Reserve officials are not persuaded that the soft data will necessarily carry into the hard data, today Richmond and Dallas Fed surveys will receive little attention. That said, the oil and gas rig count has fallen for four consecutive weeks through May 23 and at 566, the rigs, it is the lowest since November 2021. The FOMC minutes will likely confirm what officials have subsequently signaled. The central bank is in no hurry to cut rates, the median projection of two rate cuts this year risks being fragmented. EURO: The euro's attempt to recover in early North America yesterday stalled in front of $1.1380 and as European markets were closing for the day, the euro fell to new session lows near $1.1320. It slipped below $1.1300 briefly today, where options for 1.4 bln euros are set to expire today. Important support is seen in the $1.1275-85 area held and the euro recovered to near $1.1340 in Europe. There are also options for nearly 1.3 bln euros at $1.14 that also roll off today. The ECB's inflation forecast surveys are not important in the current context. They were unchanged at 2.5% for the three-year view but rose to 3.1% from and 2.9% for the one-year outlook. Instead, the real story this week is the soft eurozone actual CPI. France reported yesterday. Its EU harmonized year-over-year rate eased to 0.6% from 0.9%. Germany and Spain's May CPI are expected to ease to 2.0%, while Italy's may slip below that threshold when reported at the end of the week, while the aggregate estimate is due next Tuesday. The swaps market is nearly fully discounting an ECB rate cut at next week's June 5 meeting and another cut in early Q4. CNY: Since the dollar reached a record near CNH7.43 against the offshore yuan in early April, it has fallen by about 3.6% to Monday's low of almost CNY7.1615. It reached a three-day high today slightly shy of chart resistance seen near CNH7.2015. Beyond that there may be scope toward CNH7.2100-50. However, the greenback has come off and fell to session lows near CNH7.1860 in early European hours. The PBOC set the dollar's reference rate below CNY7.19 for the third consecutive session but lifted it to CNY7.1894 from CNY7.1876 yesterday and CNY7.1833 on Monday. There are two press reports that are talking points. The first is that China's new five-year plan (to be formally unveiled next March) may double down on economic independence and the import-substitution strategy. Second, reports indicate that the PBOC wants major lenders to raise the share of yuan lending in cross border activity from around 25% to 40%. JPY: The fact that the dollar rallied to almost JPY144.50 and had its best session in two weeks despite the seven basis-point pullback in the US 10-year yield underscores the decoupling that has taken place in recent weeks. In early North American activity, the greenback was sold to around JPY143.85 before setting new session highs. The dollar approached the resistance in the JPY144.60-80 area that houses the (38.2%) retracement of the dollar's decline from the May 12 high (~JPY148.65) and the 20-day moving average. It entered that band today and was repulsed. The dollar was sent back to JPY144.00, where it stabilized in the European morning. It is not clear what the Ministry of Finance will do. It sent out a survey broadly Monday night to market participants about the current market conditions and views on issuance, but today's 40-year bond auction was poorly received (weakest demand since last July). Here is the issue: CPI in April was 3.6%. The 30-year bond yield rose to nearly 3.20% last week and is now a little above 2.90%. The 40-year bond yield is near 3.35%, having reached 3.70% last week. In the near-term, the key may be the price of rice. Koizumi, the new farm minister, appears to be staking his political future on being able to drive the price of rice lower and nearly doubling last month. He has ordered the auction of 300k metric tons of rice from government stockpiles. If he is successful, he may challenge Prime Minister Ishida in the fall, regardless of the outcome of the July upper house elections. Separately, the government indicated it will tap the reserve funds in the current budget and earmark JPY900 bln (~$6.3 bln) to help blunt the effect of the US tariffs. GBP: Sterling set a new three-year high slightly shy of $1.36 on Monday, when the UK and US markets were closed for holidays. It was sold to session lows near midday in NY near $1.3500. It tested support near $1.3460 and recovered back above $1.3500. Resistance in early North American turnover may extend toward $1.3530. The euro fell to a new eight-week low against sterling yesterday, slightly below GBP0.8375, but it looks to be bottoming. A downtrend line comes near GBP0.8425 today and around GBP0.8410 ahead of the weekend. CAD: The US dollar put in a bullish hammer candlestick against the Canadian dollar on Monday after it fell to a new seven-month low (~CAD1.3685). It reached CAD1.3835 yesterday and is consolidating in CAD1.3800-CAD1.3840 range today. Options for $380 mln at CAD1.3830 expire today. A move above there targets CAD1.3870. While the swaps market has about a 1-in-4 chance of a Bank of Canada rate cut next week, economists who submitted their response to Bloomberg this month favor a cut 7-to-4. AUD: The Australian dollar set a six-month high on Monday slightly above $0.6535 and recorded the session low yesterday in North America near $.6435. It found support today near $0.6425 and recovered back to $0.6450 in early European turnover. Australia's April CPI was unchanged at 2.4%. The trimmed mean measure remained stuck in the 2.7%-2.8% band for the fifth consecutive month. The CPI may have been slightly disappointing, but the Reserve Bank of Australia will see the May report before it meets next in early July. The futures market has about a 60% chance of a cut discounted in July (down from around 70% yesterday). There are nearly 70 bp of cuts discounted for this year, which is about five basis points less than yesterday. Still, the RBA is perceived to be the most dovish of the G10 central banks. As widely expected, the Reserve Bank of New Zealand cut its overnight cash target rate by a quarter-point to 3.25%. It has reduced its key rate by 100 bp this year after cutting by 125 bp last year. The swaps market has another cut fully discounted and a little more than a 25% chance of another. MXN: Latam currencies tended to do well yesterday, but the Mexican peso was a laggard and straddled little changed levels most of yesterday's North American session. Still, outside of the beleaguered Argentine peso, which fell nearly 1% yesterday, the Mexican peso was among the worst performers in the region. The greenback extended its gains marginally today to almost MXN19.31. Late today, Mexico's central bank will release its quarterly inflation report. This report takes on special importance give that headline inflation in the first half of May rose about the top of the target range for the first time this year and the core rate it threatening to do the same. Banxico will likely underscore the downside risks to growth and may bring its 0.6% growth projection more in line with the IMF's, which sees a small contraction. In addition to the tariffs and the re-shoring thrust, the US is also challenging Mexico by proposing to tax foreign worker remittances by 3.5% (rather than 5% in the initial draft). In 2024, worker remittances were worth almost $65 bln to Mexico, most coming from the US. While Mexico will cope, several small countries in central America will find it more difficult. Disclaimer

American Tungsten (CSE: TUNG) announced Tuesday it has commenced construction and building work to support exploration and mine planning at its Ima tungsten project in Idaho. The rehabilitation and exploratory review work will enable definition drilling and bulk sampling to support the formation of its mine plan, it said. Ima is a past-producing underground tungsten mine situated on 22 patented claims located in east central Idaho. Between 1945 and 1957, the property produced approximately 199,449 metric ton units of tungsten trioxide (WO3). It was subsequently explored for molybdenum and tungsten by various operators between 1960 and 2008. “The team is excited to have come back from a successful site visit that paves the way to rehabilitation, environmental sampling and stakeholder relations in order to begin plans to bring Ima back to production,” American Tungsten CEO Ali Haji said in a news release. American Tungsten said it has contracted rehabilitation of certain sections of the property’s road, is initiating collection of baseline environmental data and conducting a thorough review on project infrastructure, and continues the digitization of historical exploration information and modeling. “Review and compilation of the historical drilling, sampling and metallurgical testing completed by historical operators has identified multiple drill targets across the property and demonstrated viability of gravity separation of tungsten and sulfide flotation processes,” VP exploration Austin Zinsser said. He added that the team “developed a plan to initiate work where the prior operator left off, with delineation drilling and continued flowsheet development for the vein system on the upper level.” American Tungsten’s Toronto-listed shares were up 7.4% at market close Tuesday. The company has a C$18.6 million ($13.5 million) market capitalization.

BHP (ASX: BHP) announced Tuesday it will establish its first industry AI hub in Singapore to accelerate digital transformation and AI adoption in the mining and resources sector. The hub, the world’s biggest miner said, will focus on solving enterprise-wide challenges using AI technologies to improve safety and lift productivity. Once established this month, the hub of BHP AI specialists will look at further integration of data-driven decisions, intelligence and automation into the company’s core operations. With the support of Enterprise Singapore, and in partnership with AI Singapore (AISG), BHP said it selected Singapore to further develop its AI capabilities for its innovation ecosystem, strong digital infrastructure and alignment with BHP’s ambitions to scale technologies that deliver operational value. The hub will support the growth of BHP’s digital capabilities in Singapore and the region, with plans for a number of AI specialists to lead collaboration between BHP teams and local AI partners to solve business problems. BHP noted it is using AI to make a real-world impact to its operational systems. Three 3 billion litres of water and 118 GWh of energy have been saved since FY22 through AI-powered plant control at its Escondida copper mine in Chile. The hub is intended to create opportunities for collaboration and build capability as BHP works to unlock the potential of AI across its operations, it added. “As BHP accelerates our digital transformation and grows our internal AI capabilities, we see tremendous opportunity to work with AI Singapore and other global leaders to help deliver solutions to complex, enterprise-wide challenges,” BHP chief technical officer Johan van Jaarsveld said in the statement.

Premier David Eby unveils mining investment plan on May 26 in Vancouver. Image from BC Gov Photos Via flickr. British Columbia Premier David Eby outlined an approach to mining development in the province’s northwest that combines economic growth, reconciliation and conservation in a speech to the mining industry, First Nations and conservation organizations in Vancouver on Monday. The vision, Eby emphasized, is to realize an opportunity for tens of billions of dollars in investment and thousands of jobs throughout the province. British Columbia currently produces or has the potential to produce 19 of Canada’s 34 critical minerals essential to Canada’s economic independence and national security. BC has a rich copper endowment, with a range of porphyry, skarn, and massive sulphide deposits. The International Energy Agency highlights copper in particular demand, with a forecasted supply shortage by 2035. Earlier this month, Mining Association of British Columbia (MABC) CEO Michael Goehring mapped opportunities for BC to become a global player in critical minerals markets after the 2025 Economic Impact Study was released, which identified 27 mining projects representing C$90 billion ($65 billion) in potential economic activity for the province. In the coming weeks, the province said it will provide details on how the plan will be executed. Key points of the strategy include working to complete consent-based agreements with First Nations; an inclusive expedited process to protect important lands and watersheds in partnership with First Nations that balances development of economic opportunities with investments in the social well-being and physical infrastructure of northern communities. The plan also emphasizes working with other provinces and Ottawa to seek new trade agreements that prioritize BC’s minerals and metals; continuing government’s work to provide resources to speed up permitting while maintaining high environmental standards and BC’s commitment to reconciliation. Building out BC’s clean electricity grid is a priority, as is powering new mines and mine extensions, and providing certainty and timeliness for investors through future regulatory and infrastructure policy changes and aligning approval processes for projects of provincial or national significance with Ottawa so that there is one project, one review. “Here in British Columbia, economic development, conservation of precious water and land, and partnership with First Nations go hand-in-hand,” Premier Eby said in a news release on Monday. “Our approach makes BC a world-class place to invest, and our province has all it takes to succeed in the face of global challenges. By working together to seize the potential in the northwest, we can also drive private-sector investment,” Eby said. The Association for Mineral Exploration (AME) released a response to the announcement on Monday. “Mineral exploration in Northwest BC supports thousands of workers and families throughout the province, and the development of every operating metal mine in BC started with a discovery by a prospector or junior mining company,” AME said. “The province’s proposed strategy must quickly bring confidence and clarity with access to land for mineral exploration and development. To succeed, it must be an open and transparent process that includes the mineral exploration sector at the table with government, First Nations and other partners. AME appreciates the transparent approach that the provincial government has taken at this very early stage and looks forward to receiving more detail.”

Wildfires burning near the northwestern Manitoba town of Lynn Lake have spurred Alamos Gold (TSX, NYSE: AGI) to temporarily pause operations at its nearby project, the company said. Lynn Lake ordered all residents and visitors to evacuate on Tuesday morning due to the approaching fires, the town said on its Facebook page. Alamos staff were offering to help the town in its fire response, while while it wasn’t immediately clear if nearby explorer Corazon Mining (ASX: CZN) had been affected. Fires were classified as burning out of control just north of the town on Tuesday afternoon, according to the Manitoba government’s online FireView map. “Our main priority right now is focusing on the safety of everyone affected and supporting the town of Lynn Lake with resources at our disposal to help in their response,” Rebecca Thompson, Alamos Gold vice president of public affairs, told The Northern Miner by email. “The Manitoba Fire Services is leading the fire suppression efforts, and we have offered… equipment, personnel and support services.” Credit: Manitoba government Credit: Manitoba government Line of fire Alamos’ precautions follow wildfires in southeast Manitoba that threatened Grid Metals’ (TSX: GRDM) projects and Sinomine’s Tanco mine, one of Canada’s two producing lithium mines. Almost two weeks ago, Grid had suspended activities at its projects in the area and employees from the China-controlled Tanco had reportedly driven out of the area. Two residents in the nearby town of Lac du Bonnet were killed ton May 14 amid the fires. Alamos’ permitting-stage Lynn Lake project consists of the MacLellan deposit, about 10 km northeast of the town, and the Gordon deposit about 55 km east. Earlier in May, a fire broke out at MacLellan during very high winds and the site was evacuated, Thompson said. The fire was suppressed, and it was deemed safe to return the following day. Corazon Mining Corazon Mining (ASX: CZN) holds its Lynn Lake nickel-copper-cobalt exploration project in the area. Its Fraser Lake Complex is about 5 km south of the town. Corazon’s MacBride copper-zinc-gold project is about 60 east of Lynn Lake. Officials from the Perth-headquartered company didn’t immediately reply to emails on Tuesday seeking comment.

Log in to today's North American session recap - May 27, 2025 The US dollar is leading all majors in what was a steady green day after coming back from closed US Markets. The risk-on tone that kicked off the week continues to hold, with equity index futures closing higher across most major regions. Once again, Japan's Nikkei leads the charge, surging an impressive 4% on the day. The rally was fueled by comments from Japanese Finance Minister Kato, who announced the government plans to reduce issuance of longer-term bonds. You can read more on that development here. All US Indices are closing above 1.80% with the Russell 2000 leading the charge at 2.60%, followed by the Nasdaq at 2.35%. Bitcoin reverses its overnight retracement and is closing around +0.90% on the day, still trading near it's all-time highs, very close to $110,000. Oil did not benefit from today's positive sentiment having closed down 0.80% on the day, having although bounced off the bottom of its $60-$64 range. A picture of today's performance for major currencies close Currency Performance, May 27 - Source: OANDA Labs /media/images/Screenshot_2025-05-27_at_4.36.41PM.width-1400.png The yen has taken a hit from recent comments that were made at the 2025 BOJ-IMES Conference in Tokyo. The currency had been rallying against the Dollar since the 12th of May. You can take a look at our most recent USD/JPY analysis for more technical levels. USD/JPY is finishing the day up 1.05%. The USD is at the other extreme, finding buyers at the 98.70 level, as the DXY is now trading at 99.60. The Dollar Index serves as a reliable gauge of market sentiment toward the Greenback, offering insight into current demand—or lack thereof. The NZD is the second worst performer of the day as cuts are getting priced in again, with the Kiwi closing down 0.83% against the US dollar. You can find another in-depth analysis for tonight's RBNZ meeting right here. Economic Calendar for the May 28th Session close MarketPulse Economic Calendar for May 27 & 28, 2025 (click to enlarge) /media/images/Screenshot_2025-05-27_at_4.53.41PM.width-1400.png Today's overnight session is a busy one, starting with the Australian CPI at 21:30 E.T., expected at 2.3%. We will also finally have the RBNZ Rate decision, coming at 22:00 E.T. Most analysts are expecting a 25 bps cut. There is a speech from FED's Waller around the same time as he speaks in the 2025 BOJ-IMES Conference in Tokyo, Japan - Waller tends to move US markets particularly when it comes to cuts, as he will present a panel on Monetary Policy. Tomorrow we will see the release of Germany's Employment data, FOMC Minutes at 2:00 P.M and a few Central Bank speakers with no major actors planned. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

EV battery manufacturers based in China, South Korea and Japan have almost complete control of the global market and it’s not changing any time soon. During the first quarter of 2025 a combined $3.01 billion worth of battery metals were contained in the packs of newly sold EVs worldwide, up a modest 1.3% year over year. The stagnant costs of the EV metal basket is great news for cell suppliers and battery manufacturers as demand for raw material continues to boom. The tonnes of graphite, lithium, nickel, cobalt and manganese deployed during the first three months was up a robust 27% year on year to a combined 428.2 kilotonnes, according to data from EV supply chain research consultants Adamas Intelligence. Keeping in mind that the installed tonnage does not take into account any losses during processing, chemical conversion or battery production scrap (often well into double digit percentages), so required tonnes and revenues are meaningfully higher at the mine mouth. The accompanying graph shows the spending of the more than 60 global cell suppliers and battery manufacturers by country of ownership. It’s virtually an all-Asia affair with Chinese, South Korean and Japanese battery makers representing 94% of raw material spending. EV batteries are a particularly top heavy industry with the big 4 – CATL, LGES, BYD and Panasonic – accounting for two out of every three dollars spent. Top spender in North America, Ultium Cells, is a fast-growing partnership between LG Energy Solution and General Motors, so technically a portion of the battery manufacturer’s spending could also be assigned to the East, making the dominance of Asian players even more prevalent. Moreover, since lithium iron phosphate or LFP’s market share in China has been above 50% for the better part of three years and top EV maker BYD has long since moved to an all LFP line up, battery suppliers there under spend their NCM-reliant competitors by reducing spend on pricier nickel and cobalt. That means on a combined battery capacity deployed basis their control of the market is even more substantial. Nevertheless, Chinese battery makers spend more than half the global total (Japan’s other EV battery champion, AESC, is majority owned by China’s Envision group). Panasonic’s 9% market share in dollar terms is higher than for total battery capacity deployed (6% in Q1 on GWh terms, according to Adamas) due to the large proportion of its cells ending up in conventional hybrids where nickel metal hydride is the cell of choice and LFP has made no inroads. Despite its already towering presence in the market, CATL, fresh from a blockbuster share offering in Hong Kong, is aggressively pursuing growth. The presence outside China of the Fujian-based company, which in its present form was only established in 2011, is set to rise rapidly – as is the adoption of LFP cathode chemistries. CHARTS: EV battery metals bill ticks up as cobalt, nickel prices strengthen CATL already has a foothold on Western markets with its largest operating plant outside China located in Thuringia, Germany. A giant 100 GWh factory currently under construction in Debrecen, Hungary capable of equipping as many as 1.5 million EVs per year, is set to come on towards the end of the year, and plans for a 50 GWh facility in Zaragoza, Spain are far advanced. All three manufacture LFP cells. Wrestling control from the incumbents has been slow. The world’s number two automaker, Volkswagen’s PowerCo, has yet to put into production any of its planned (and scaled back) battery plants, the largest of which is located in Ontario, Canada. Premier Ford’s BlueOval facility using CATL’s LFP technology is set to start production next year, but given the trade tensions between Washington and Beijing, the Chinese giant’s involvement may be reduced further. Tesla’s ambitious plans to become a battery manufacturer in its own right also seem to have hit a wall, with its Austin, Texas factory representing only 15% of total raw material tonnes contained in Tesla models sold during the first three months of the year. Worldwide, Tesla remains CATL’s number one customer. While France’s ACC, part owned by Stellantis and Mercedes-Benz deserves an honourable mention, the $8 billion failure of Europe’s great battery hope – Northvolt – shows the benefits of economies of scale and institutional knowledge in the still fast-growing EV industry. On top of that, China’s grip on the mine to megawatt pipeline provides the underpinnings of its continued dominance. For a fuller analysis of the battery metals market check out the latest issue of the Northern Miner print and digital editions. *Frik Els is Editor at Large for MINING.COM and Head of Adamas Inside, providing news and analysis based on Adamas Intelligence data.

Reserve Bank of New Zealand (RBNZ) Rate Decision Traders are closely monitoring the RBNZ meeting scheduled for Tuesday, May 27, 2025. Market consensus, based on Bloomberg analyst surveys, strongly anticipates a 25 basis point (bps) rate cut, bringing the official cash rate to 3.25%. This follows a previous 25 bps cut in April. Further RBNZ rate cuts are possible in 2025 due to global trade uncertainties and potential economic slowdowns. The recent New Zealand Employment Change Q/Q showed a 0.1% increase, as expected, though the previous quarter's data was revised downward. The New Zealand Unemployment Rate remained steady at 5.1%, better than the 5.3% forecast. Federal Open Market Committee (FOMC) Minutes and US Data The release of the FOMC Minutes for the May 6/7 meeting on Wednesday can be significant for NZD/USD. Traders will seek insights into FOMC members' views on tariff impacts, inflation expectations, and the potential for slow growth and a weak labor market. The latest FOMC statement highlighted "risks of higher unemployment and higher inflation." Fed Chair Jerome Powell has emphasized prioritizing inflation over short-term growth. US Personal Income, Personal Spending, and Personal Consumption Expenditure (PCE) data are due Friday from the Bureau of Economic Analysis. The Core PCE Price Index M/M is expected to rise 0.1%, while the Y/Y is expected to decrease from 2.6% to 2.5% NZD/USD Technical Analysis (May 27, 2025) close NZD/USD Daily Chart - Source: Tradingview.com Past perfomance is not indicative of future results /media/images/NZDUSD_2025-05-27_14-01-35.width-1400.png Widening Pattern: The NZD/USD pair has exhibited a "widening pattern" formation since early 2025. Price Range: Influenced by global trade tariff updates, and following a dip to 0.5530 (the lower boundary of the widening formation), the NZD/USD exchange rate surged to 0.6000 (the upper boundary). Sideways Trading Range: Since late April 2025, NZD/USD price action has been trading within a defined range of 0.5830 to 0.6000, indicated on charts by blue lines. Key Resistance Levels: The current NZD/USD price is testing a significant confluence of resistance: Upper level of the current trading range (around 0.6000)Daily pivot point at 0.6004Weekly R1 resistance at 0.6025Potential Breakout: A break and close above these resistance levels could signal a bullish continuation, potentially turning the current range into a "flag formation" for the uptrend initiated in early April. Critical Support Levels: A critical support zone exists: Weekly pivot point at 0.5950Convergence of moving averages: EMA9, SMA9, and SMA20Overbought Indicators: Stochastic Oscillator has been in overbought territory since April, aligning with price action.Relative Strength Index (RSI) is also approaching overbought levels, reflecting current price momentum. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The world’s most traded currency pair has seen significant volatility in the first half of 2025. After nearing parity early in the year—reaching lows around 1.0180— 4 months after, EUR/USD has since rebounded, returning to its historical average range from the 20th century, between 1.10 and 1.20. The uptrend came to an abrupt halt on April 21, when EUR/USD peaked at 1.15730 before retreating to lows of 1.10650 by mid-May. Next, we’ll dive into Intra-day timeframes to identify potential trading opportunities and key levels to watch. EUR/USD Intra-Day Analysis EUR/USD 4H Timeframe close EUR/USD 4H Chart, May 27. Source: TradingView /media/images/Screenshot_2025-05-27_at_1.33.44PM.width-1400.png EUR/USD bounced significantly in the past 2 weeks, up 2.40% from its May 13th lows. The MA 200 on the 4H timeframe, sitting at 1.13200 is acting as immediate support. Further support is standing in the 1.1270 - 1.1300 support zone which coincides with the bottom of the newly formed Upwards channel. Prices rejected the 1.1420 - 1.1440 resistance Zone, as US dollar strength came back to begin the week. EUR/USD 1H Timeframe close EUR/USD 1H Chart, May 27. Source: TradingView /media/images/Screenshot_2025-05-27_at_2.13.32PM.width-1400.png The rejection at the top of the ascending channel hints at a return towards the 1H MA 200, currently at 1.1290, in a confluence with the channel lows and the support zone from higher timeframes. The RSI is approaching oversold territory, but traders appear to be waiting for a clearer shift in momentum before taking action. The North American afternoon session has remained quiet so far, with most of the day’s movement unfolding during the overnight and early morning hours. Prices are hanging around the immediate pivot standing at 1.1300. Safe trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Greenland is urging the US and European nations to invest in its mining industry, cautioning that a lack of Western engagement may compel the Arctic territory to seek partnerships with China instead, says Naaja Nathanielsen, Greenland’s minister for business and mineral resources. “We want to develop our business sector and diversify it, and that requires investments from outside,” Nathanielsen said in an interview with the Financial Times on Tuesday. She emphasized a preference for collaboration with European and American partners, but noted that if they do not engage, Greenland would need to consider other options, including China. Greenland, a semi-autonomous territory of Denmark, possesses substantial but remote mineral deposits, many of which contain strategic minerals like rare earths being sought after by Western powers. China currently dominates the supply of several key minerals. For rare earths alone, it accounts for 60% of the global mine supply and nearly all of the refining, making it a pseudo-monopoly. The Greenland government views the development of its mineral sector — involving as many as 40 items on the US and EU critical minerals list — as a key strategy for economic diversification. A memorandum of understanding to support the island’s mineral development with the US, signed during Donald Trump’s first presidency, is nearing expiration. Efforts to renew the agreement under President Joe Biden’s administration have been unsuccessful. Factbox: Greenland’s rich but largely untapped mineral resources Trump, since being elected for a second term, has repeatedly voiced his desire to purchase Greenland, which would give the US access to its mineral reserves. In the Financial Times interview, Nathanielsen criticized Trump’s previous statements about the US potentially taking over Greenland, describing them as “disrespectful and distasteful.” Despite such rhetoric, she noted that Chinese involvement in Greenland’s mining sector is currently minimal, with only two Chinese companies holding minority stakes in inactive projects. China has previously been looking to get involved with the Tanbreez mine project in southern Greenland, which is said to host one of the world’s largest rare earth reserves. However, it was reported by Reuters that the US and Danish governments both lobbied its owner to shun Beijing’s advances, and the project was eventually sold to New York-based Critical Metals. EU partnership touted Amid the takeover threats by Trump, Greenland has offered to partner with the European Union to develop its mineral resources together. According to foreign minister Vivian Motzfeldt, the island is looking to deepen its “bilateral” ties with the EU, singling out precious minerals as a key area of focus. “We want to expand our cooperation based on not only fisheries, we want to expand our cooperation on our critical minerals and energy,” Motzfeldt told Politico in an interview earlier this month. “That’s what Greenland has, and the rest of the world, our like-minded countries, need a greener future, renewable energy,” she added. The Greenlandic government, now a four-party coalition, is prioritizing development and is open to partnerships with allies sharing similar values. Greenland needs US, EU commitment to buying critical minerals, top banker says In her interview with Financial Times, Nathanielsen acknowledged the challenges in aligning with the evolving dynamics of Western alliances, but sees the European Union as a favorable partner, citing its demand for minerals and alignment on environmental standards. She also expressed concerns about the intentions behind US investments. “We sort of hoped that the Trump administration would be more willing to engage in dialogue with Greenland about the mineral sector development. We got a bit more than we asked for, because we have no wish to be American.” Nathanielsen share similar concerns in an interview with Reuters last week. “We have welcomed a number of investors, but we have not yet seen any concrete example of American funds being injected into Greenland’s business community,” Nathanielsen said. “There is no doubt that the dialogue with both the EU and Denmark is going smoother. This is not only the result of the noise made by the US administration, but also the result of several years of intensified cooperation,” she added. Recently, Greenland awarded its first mining license under a new code to a Danish-French consortium for the extraction of anorthosite, a mineral used in the fiberglass industry. The €150 million project in western Greenland is expected to commence construction next year. Nathanielsen told Reuters that the hope is to have the mine operational within five years.

If you’ve ever wondered, “What is the highest price of gold in history?”, you’re not alone. This question is one of the most searched among both new and seasoned investors. In this 2025 update, we’ll explore the highest gold price ever recorded, what drove it, how today’s market compares, and what it means for your financial future. Since its discovery by the ancient Egyptians several centuries ago, gold has played an essential role in every civilization. It has been used for a lot of things, from ornaments of the rich to it being issued as some sort of currency. Since the U.S dollar became the world reserve currency, gold has played an even lesser role as a financial instrument and has become people’s go-to store of value. Record High Gold Price: All-Time Peak As of April 2025, gold reached its highest historical price at $3,500.05 per troy ounce. This milestone surpassed previous records due to a combination of: Global inflation concerns Ongoing geopolitical tensions Bank failures and currency instability Record-high central bank gold purchases This price point represented a significant moment in the precious metals market, highlighting gold’s role as a safe haven. Like everything else that is traded, the gold market has had its ups and downs. Wild bull runs and long bear markets always happen as investors react to global financial news. As of April 22, 2025, the highest price of gold sold for $3,500.05 an ounce, and 5 major price phases brought us here. Gold prices have held steady around the $2,000 per ounce mark, as market participants projected that the current tightening cycle might be nearing its highest point for interest rates. These assumptions were influenced by the reduction of global inflation worries and efforts by leading central banks to avert a more comprehensive financial crisis. This month, the increased demand for gold as a safe-haven asset was also prompted by the recent banking instability that originated with the collapse of two regional banks in the US. Regarding monetary policy, the US Federal Reserve implemented a 25 basis point rate rise at its March gathering, as anticipated, while alluding to only one additional rate hike. At the same time, a 40% probability is factored into money markets that the central bank will suspend rate increases in May, with rate reductions foreseen by the year’s close. As a result, investors are now focusing on essential US PCE data and statements from various Federal Reserve authorities to gain insight into the Fed’s future decisions. Historical Gold Price Milestones Year Price per Ounce Key Event 1980 $850 Inflation crisis & oil shock 2011 $1,921 U.S. debt ceiling crisis 2020 $2,067 COVID-19 pandemic economic uncertainty 2023 $2,089 BRICS de-dollarization + U.S. banking issues 2024 $2,431 All-time high: geopolitical + financial fears 2025 $3,500 (high) Price stabilized but remains historically strong Gold Price Chart Let’s examine those phases mentioned earlier: The price of gold between 1981 and 2000: Historically, one of the worst cycles of price decrease for gold. the years following the fall of the USSR, when the dollar’s standing became gradually more prestigious globally. The price of gold between 2001 and 2010: The cost of gold after the US government’s debt increased significantly, and the currency experienced substantial weakness in 2001. the ongoing increase in gold prices following the September 11, 2001, terrorist strikes in the United States Of America. 2012 to 2015: After more than ten years, the upward trend in gold prices has ended. Gold prices have been falling for the past three years in a row. 2016 to the present: There is now a promising trend in gold prices, in addition to a modest decline in price in 2018. The price of gold is currently influenced by several factors, including demand for the precious metal, the amount of gold held in central bank reserves, the value of the US dollar, and the desire to keep gold as a hedge against inflation and currency depreciation. Why Gold Hit an All-Time High Several major forces contributed to gold’s record-breaking value: Inflation & Currency Devaluation: As central banks printed money to manage national debt and social programs, investors turned to gold to preserve purchasing power. Global Tensions: Conflicts in Eastern Europe, the Middle East, and Asia fueled safe-haven demand. Central Bank Accumulation: Nations like China, Russia, and India increased gold reserves to reduce dependency on the U.S. dollar. Recession Fears: Weak corporate earnings and job market concerns led investors to seek stability in precious metals. What was the highest gold price ever? In 2025, gold reached an all-time high of $3,500.05. Amidst the everything bubble, rising interest rates, Israel and Palestine tensions, lockdown protocols, the after-effects of Brexit, and high tensions leading to the Russian-Ukrainian war, gold prices increased by around 18% from their value at the start of the year as investors were looking for low-risk investments. Covid safe-haven purchases and the worldwide response to the epidemic boosted the demand for gold. What caused gold prices to spike in the 1970s? 1971 had a gold price of $35 with a relatively uneventful previous year, which was the beginning of a bull run. Gold reached a price of US$850 at the end of that decade which was a 2,300% increase in the 1970s. The 1970s were essentially a lost decade for stock investors in the west, with high volatility but flat returns. Many were looking for greener pastures, financial instruments that guaranteed high returns. The world has known how rare and valuable gold is for thousands of years. It served as a long-term asset backer and a medium of exchange in the form of coins. For many years, it was illegal for private persons to hold gold in the US, and when the US abandoned the gold standard and adopted the US dollar as a “fiat” currency, the price of gold surged. A furious bull market for precious metals was triggered and abruptly ended a little while later. The price of gold then increased to about $200 US dollars when the US repealed its restriction on its possession at the end of 1974. After a corrective phase, it increased to 850 US dollars in January 1980. The leading cause for the increase in this decade was that Investors were uneasy and afraid due to double-digit inflation, oil price shocks, a weak currency, and political unrest. Investors increased their purchases of gold because it is a physical repository of wealth as fear and uncertainty increased. Why did the price of gold soar in the 1980s? At $2,146.79 per ounce, gold prices reach a record high. Investors trouped to the precious metal due to high inflation brought on by high oil prices, the Soviet invasion of Afghanistan, and the effects of the Iranian revolution. Gold prices often follow the CPI and inflation worries. However, a sharp increase and decline in gold prices were brought on by a confluence of extraordinary geopolitical events, bold and unorthodox governmental decisions, and market developments. Here are some of the things that happened that decade: In Q1 1980, the Fed under Volcker briefly raised the fed funds rate from 13% to 20%. Hostage crisis in Iran: 53 Americans were held hostage for 444 days, starting on November 4, 1979, and ending on January 20, 1981, during the Iran Hostage Crisis, a diplomatic standoff between Iran and the United States. Soviet invasion of Afghanistan: On December 23, 1979, Soviet armed forces stormed Kabul, the country’s capital. By December 28, the Soviet Union had taken over, and Babrak Karmal had taken the place of president Hafizullah Amin. Inflation, a lack of economic development, and skyrocketing unemployment combined to produce the perfect storm of economic calamity. Many investors turned to gold as a hedge against stagflation, driving the metal price. What made August 2020 have the top gold price? On August 7, 2020, gold futures hit their highest-ever price of $2,089.20 in response to the significant monetary and fiscal measures implemented to support the economy in the aftermath of the epidemic. Rising tensions between Ukraine and Russia, disruptions to the oil industry, and global logistics scared investors, who fled to assets like gold they believed to be safer, sending gold prices to their highest level. Another cause for this price increase was the covid-related economic and political unrest, the printing of money by central banks to save their economies, and general panic buying by everyday people. Terrified investors turned to the safe-haven precious metal due to this unparalleled uncertainty. Gold prices are influenced by variables such as central bank policies on interest rates, inflation, and even the currency rate. Gold tends to become more costly with falling interest rates and rising inflation, and it will also become more expensive with any decline in the US dollar value. Of course, the reverse is also true. Experts predict that the coming years will see gold soar to record highs as the world experiences extreme inflation. Due to this reason, investors should start adding gold to their portfolio before it experiences a surge in price. By doing this users would gain a large ROI. American Bullion would love to send you a FREE Gold IRA Guide if you are interested in learning more how you can add physical gold to your IRA (Individual Retirement Account). Call the precious metal experts at American Bullion: at (800) 531-6525 so you can add gold bars and gold coins to your investment portfolio now. The post What Is Highest Price of Gold in History (Updated 2025) first appeared on American Bullion.

At the CentralMinEX conference held last week in Newfoundland, The Northern Miner Group (TNMG) president Anthony Vaccaro delivered a compelling address on the critical importance of geopolitics in shaping the future of mining, investment, and mineral extraction. His talk urged industry stakeholders to view resource development through a global lens, emphasizing that shifting geopolitical dynamics will be a defining force in how metals are taken from the ground over the coming decades. “We need to look at our industry through the lens of what’s going on in the world through geopolitics,” Vaccaro told attendees. “Then we’re going to bring it down into Canada, then into Newfoundland and Labrador, because that will be the most defining factor in investing and how we extract metals for many decades.” Spheres of influence In his opening remarks, the TNMG president outlined a world increasingly fractured into what he called not just “spheres of influence,” but more accurately “spheres of control” dominated by the US, China and Russia. These blocs are competing to secure control over global trade and, critically, the production and processing of strategic minerals. In this landscape, countries such as Canada, Australia, Japan, South Korea, and Western Europe are emerging as a “coalition of the willing” that aim to pursue resource autonomy rather than fall under the dominion of authoritarian-aligned spheres. “Why would we go along with that? We have the populations and the economies where we don’t have to,” Vaccaro said, referencing the recent Canadian federal election as evidence of public alignment with this view. China’s dominance Using copper as a case study, he noted about 50% of the world’s copper extraction takes place in jurisdictions aligned with the US sphere, thanks largely to South American producers like Chile and Peru. China, having recognized its own resource deficiencies, aggressively pursued Belt and Road investments in Africa, enabling it to secure roughly 30% of copper extraction through ties with Congo and Zambia. However, the advantage shifts in the downstream. China currently dominates copper refining, processing over 50% of the world’s supply. In contrast, the US and allied nations lag behind, with North America having only nine copper refineries compared to China’s 60-plus. “We’ve been a bit sleepy on this,” Vaccaro noted. “There’s going to have to be a government piece in this to get the capital flowing.” This theme recurred as Vaccaro turned to rare earths. While the West may hold some resources, China controls over 90% of global refining capacity. He emphasized that Canada must work with governments to attract investment and build strategic capacity: “We need to get our act together… to shape the world or at least have a voice in it.” Canadian opportunities According to the TNMG president, Canada’s own copper production is showing signs of decline, with its global share falling from nearly 3% to 2%, and reserves not keeping pace with extraction. Nevertheless, he highlighted opportunities in Newfoundland and Labrador, particularly in new projects emerging alongside legacy producers like Voisey’s Bay. Vaccaro also celebrated local achievements such as the Long Harbour Hydromet facility, calling it “a shining beacon” and an example of how North America can process critical minerals in a cleaner, more environmentally responsible way than China. Strategic investments However, the tide may be turning, said Vaccaro, as evident in the recent international funding flows, including US Department of Defense support for Canadian critical mineral projects. “Money is already flowing into Canada. These are Canadian assets receiving American money,” he said. Vaccaro concluded with a warning and a call to action centered on the Beaver Brook antimony mine, a strategic asset currently owned by a Chinese company and held in care and maintenance. Antimony is critical to military applications, and Vaccaro urged scrutiny over foreign ownership. “It might be a case study going forward,” he warned, citing previous Canadian government interventions to force Chinese divestments. “The theme is set: geopolitical spheres,” Vaccaro said. “How do we in North America, how does the coalition of the willing, stay strong? What are the next strategic steps to do it?”

A-Book vs. B-Book Forex Brokers: Does It Matter Which One You Choose? A-Book vs. B-Book Forex Brokers: Should You Care How Your Broker Handles Trades? If you’re trading forex, you’ve probably come across the terms A-book broker and B-book broker. These refer to two fundamentally different ways brokers handle your trades. Any forex broker can put up a fancy website and look like a reputable, top tier business. However, it takes some digging to uncover its business model. Is it an A-book, B-book or hybrid A/B-book model? Either way, should it matter to you should it matter to you if your broker operates an A-book or B-book? In this article, we’ll explain the difference between these two broker models and help you decide whether it should influence your choice of broker. What Is an A-Book Broker in Forex? An A-book forex broker is one that passes your trades directly to the market. This means your orders are routed to liquidity providers such as banks, hedge funds, or other large financial institutions. Your interest should be how your broker treats your trades, not what a liquidity provider does with them. Key Features of a forex A-Book Brokers: There is no conflict of interest: The broker doesn’t win if you lose. Pricing is based on market-liquidity and spreads. Makes its money from spreads and commissions, and total trading volume Since the broker is not taking the other side of your trade, there is a greater incentive to see you succeed and continue trading. What Is a B-Book Broker in Forex? A B-book forex broker takes the other side of your trade and adds it into its “book.” Rather than passing it directly to a liquidity provider. Brokers view it as your losses are its gains and vice versa. However, in reality, your trades are part of a larger book of trades and it is up to the broker to employ a risk management and hedging strategy to limit is exposure and maximize its profits. I recall in the early days of online forex trading most brokers ran a pure B-book. The CEO of a top broker told me that its business model was based on the premise that most retail traders lose money. For that reason, it was rare for it to pass any trades into the market. There were days, usually once a month, where one way moves resulted in a big loss. As he explained, this was a cost of doing business but the profits it made other days more than made up for it. On another occasion, again in the early days, I visited a top broker and peaked into its dealing room. I expected to see something that looked like a bank dealing room. I was shocked to see only on e person in it. It was only afterwards that I learned that there was no need for dealers as all trades went into a B-book. Key Features of a forex B-Book Brokers: Makes its profit from traders losing money as it takes the other side of trades. Executed trades are never passed to the real market. May use incentives to attract traders as it expects most to lose.. As online forex trading has evolved so have brokers. Many brokers today use a hybrid A/B-book model, where they identify profitable and/or large volume/size traders’ and funnel their trades to the A-book to lijit risk and keep smaller volume/size trades from less experienced traders in the B-book. A-Book vs. B-Book: Should It Matter to You as a Trader? 1. Conflict of Interest The biggest concern with B-book brokers is a conflict of interest. This means the broker and trader do not have a common interest. Can a broker say it is on your side if it profits from your losing trades? This is not to say that all B-book brokers are dishonest but suggests there are more incentives to tilt the field away f=rather than in favor of the trader. 2. Trade Execution Quality Because there is no centralized clearing system in forex, there is no way to trade with one broker and clear the trade with another. This means a trader is totally dependent on the broker for executing trades. As a result, a B-book broker has full control over order fills, slippage, and stop-loss executions giving them the less reputable ones an opportunity to manipulate prices or trigger stops unfairly. 3. Broker Solvency Risk Here is where due diligence comes in. As noted earlier, any forex broker can put up a fancy looking website and come across as a top tier firm. It is like buying a used car. You should not be swayed by a fancy outside. You need to look under the hood. For a smaller B-book broker or one that takes on too much risk, one surprise headline could threaten its finances. This is why it’s important to trade with a reputable well-capitalized broker that has a large volume of trades and doe3sn’t need to manipulate pricing or squeeze you to boost its profits.. Just a word of warning. It may be rare but there have been times where extraordinary events have shaken the core of the online trading business, not sparing any broker, no matter whether it opeartes a an A-book, B-book or A/B hybrid book. Read about Flash Crash 2015! A-Book vs. B-Book—What Should You Do? Both models have pros and cons. The quality and reputation may be more important than whether it runs an A-Book or A/B Hybrid Book. In other words, it is hard enough to make money trading that you should not have to worry about the solvency of your broker. A reputable B-book broker with strong oversight (e.g. regulation) may be safer than a less reputable (or unregulated) A-book broker. Go into trading with your eyes wide open. As a trader all you want is a level trading field no matter what type of model your broker uses. All a trader can ask for is consistency in terms of pricing, spreads, stops and trade executions. So, while the type of broker model should matter, what counts the most is how you are treated you as a trader and whether you have a fair opportunity to make money trading. Join GTA for FREE – Click HERE .

The US Dollar is enjoying a broadly positive day after a relentless stumble throughout the past week. A green start to the week in Equity Indices is seeing follow-through in this morning session. The Nikkei is once again leading all indices as the 2025 BOJ-IMES Conference is continuing, driving up sentiment across all asset classes. Winners in a Risk-On Market The BOJ-IMES conference in Tokyo has had quite an influence on the current day, as the Nikkei has been leading all indices since the beginning of the week, dragging up sentiment - The index is up 3.74% on the day. Recent comments by the Japanese Minister of Finance Kato have weakened the yen and boosted markets, as lower yields and a generally lower yen help to reinforce flows around Carry Trades, supplemented by other Risk-On flows. This has led to a strong rally in USD/JPY, up around 1% on the day. As a matter of fact, the US dollar is leading all majors today, having flashed below the 99.00 psychological level and currently trading around 99.50. US Stocks are all green and up well above 1%, led by the Russell 2000 (+2.07%) closely followed by the Nasdaq (+2%) after Consumer Sentiment data came in way above expectations. The release came at 98 vs a consensun of 86. On the other hand, European stocks are not up as much with the DAX up 1% and EuroStoxx up 0.56% on the day. Bitcoin, also enjoying from the risk-on market, is up 1% on the day and still consolidating near its all-time highs. Oil and Gold are both lagging as flows are all headed into the indices. WTI, down 1.85%, hasn't enjoyed from the broadly positive sentiment, as progress in US-Iran Nuclear talks is slowing. A Chart to monitor for the Afternoon Session close DXY 1H Chart, May 27, 2025. Source: TradingView /media/images/Screenshot_2025-05-27_at_12.13.45PM.width-1400.png The US Dollar has made a substantial recovery from yesterday's trough. A higher low led to a swift bounce for the greenback, and we are seeing the results as the dollar is leading all majors in the morning session. The impulsive move left the MA 20 lagging, as prices are heading towards the MA 200 situated right below the 100.00 level. Next resistance resistance zone to monitor is 99.64-99.74. If we see any reversal, look at the 99.20-99.30 support zone. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Drilling by NexGen Energy (TSX, NYSE: NXE; ASX: NXG) has returned results as high as 0.5 metre grading 68.8% uranium oxide (U3O8) at its Patterson Corridor East (PCE) target in northwestern Saskatchewan. That result, in hole RK-25-232, was part of a 15-metre intercept at 15.9% U3O8 from 552.4 metres depth, including 3 metres grading 47.8% U3O8 and 1.5 metres at 29.4%, NexGen reported Tuesday. PCE is about 3.5 km east of NexGen’s main Arrow deposit in the Athabasca basin, about 750 km north of Saskatoon. “RK-25-232 is an exceptionally high-calibre intersection considering the program is very early in the evaluation of PCE,” NexGen CEO Leigh Curyer said in a release. “Identical to Arrow, mineralization at PCE is wholly hosted in competent basement rock and exhibits all the same characteristics of an intense high-grade mineralized system.” Project approval looms The PCE results come as NexGen prepares for Canadian Nuclear Safety Commission hearings later this year and early next year for its Rook 1 project. It’s the final stage of approval that is to render a decision on Canada’s largest development-stage uranium project. NexGen shares gained 1.1% to C$8.87 apiece on Tuesday morning in Toronto, for a market capitalization of C$5 billion. The stock has traded in a 12-month range of C$5.59 to C$12.51. High grades at depth Hole RK-24-222 also returned significant results, with 17 metres grading 3.85% U3O8 from 753 metres depth, including 3 metres at 10.1% U3O8 and 0.5 metre grading 28.2% U3O8 within massive replacement style mineralization, NexGen said. RK-24-207 cut 9.5 metres at 2.91% U3O8 from 801 metres depth, including 0.5 m at 28.2% U3O8. Since March 2024, NexGen has drilled more than 47,425 metres at PCE across 64 holes, with 35 of them intersecting mineralization. 11-year mine NexGen has proposed Rook 1 as an underground mine and mill development, centred around the Arrow deposit. Rook 1 has potential for an initial 11-year mine capable of producing 21.7 million lb. of U3O8 annually during the first five years, with production estimated to reach as high as 30 million lb. per year, according to a feasibility study update published last August. With C$1.3 billion in capital expenditures, it is projected to be the largest and lowest-cost uranium mine in the world. The project contains 3.7 million measured and indicated tonnes, grading 3.1% U3O8.