Archive

War, tight capacity, and expensive gasoline have handed refiners extraordinary margins. But Matt Badiali warns that the trade has become crowded—and squeezed consumers may soon bring the profit boom to an abrupt end.

Before Wall Street became the world’s financial capital, it was a crowded coffee house where merchants traded news, ships, property, and stocks. Sean Ring visits the corner where America’s markets emerged without a blueprint—and finds a darker example of what happened when government did the planning.

GLP-1 drugs were built to shrink waistlines. Now human trials suggest they may also reduce inflammation, protect the heart, and slow the body’s biological clock. Ray Blanco reveals why the biggest medical story of the decade is no longer merely about weight loss.

Silver’s sudden rally has the bulls declaring victory again. But the chart, the dollar, and the industrial backdrop still point the other way. Sean Ring explains why patient investors should let the metal prove it’s alive before touching the miners.

Falling crude prices should mean cheaper gasoline and diesel. But destroyed refining capacity has broken that relationship. Matt Badiali reveals why fuel inflation could remain stubbornly high—and which battered sector stands to benefit.

Releasing oil from the Strategic Petroleum Reserve helped keep crude prices under control. Refilling it could do precisely the opposite. Zach Scheidt explains why that reversal creates an unusually attractive setup for energy investors.

Silver bulls got the fundamentals right and the timing painfully wrong. One Fed shift hit both of silver’s engines at once—and turned its greatest advantage into a 54% collapse.

America’s industrial past came thundering through Pennsylvania last weekend, trailing smoke, shaking the pavement, and blowing a whistle loud enough to wake the dead. Big Boy No. 4014 is a museum piece that refuses to behave like one.

Congress wanted to reward entrepreneurs. Lawyers figured out how to reward the same entrepreneur four times.

You probably think Congress votes on the country's biggest decisions. Sometimes it doesn't. Sometimes the most important vote is the one leadership never lets happen.

Oil gets the headlines. LNG gets the margins. As Iran turns the Strait of Hormuz into a war zone, Qatar's exports are trapped, Asian buyers are scrambling, and American LNG exporters are quietly printing money.

Germany destroyed its currency because politicians found printing easier than honesty. A century later, governments still prefer the same hidden tax.

Gonzo journalism told you its biases. GONGOs hide who pays for them.

Ancient Chinese martial artists called it Dim Mak—the touch of death. One precise strike to the right pressure point could supposedly cripple an opponent. Today, China has built an industrial version of that same technique.

Whenever a politician says, "It's legal," you should hear a confession, not a defense. Moral. Ethical. Legal. Only one of those asks whether something is merely allowed. The other two ask whether it's right. Somewhere along the way, we forgot the difference.

Everyone wants to own the next AI winner. Almost nobody asks where AI actually comes from. Before the servers, the satellites, and the semiconductors... come the mines. Matt Badiali explains why America's next strategic investment boom won't be in software. It'll be buried hundreds of feet underground.

While politicians argue, thousands of Americans are quietly forging the steel backbone of U.S. seapower.

America just turned 250. Most republics never make it this far. Jim Rickards explains why this anniversary isn't just a birthday… It's a stress test.

The experts said America couldn't build anymore. Our expert, Ray Blanco, proves them wrong.

Gold got hammered. Bitcoin got obliterated. Oil was body-slammed. Yet beneath the carnage, most major trends are still intact. Here's what June really changed... and what it didn't.