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Financial news and resources for high-net-worth investors and strategists

San Diego, CA
Joined June 2011
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BREAKING: Saudi Aramco has shut down the main oil distillation unit at its 550,000 barrel-a-day Ras Tanura oil refinery, the largest in Saudi Arabia, following Houthi attacks 3 days ago, per Bloomberg. The main crude oil train took major damage and the unit is expected offline for at least a month. It is the first attack-related shut down at Ras Tanura, which also houses the world's largest oil export terminal.
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The oil shock has arrived, warns Financial Sense's Jim Puplava in his latest piece: "The world’s oil market is currently buckling under simultaneous, compounding stress across every measurable dimension: supply, refining, logistics, and geopolitics. Our strategic buffers are completely drained, diplomatic peace frameworks have evaporated, and multiple military fronts are actively targeting vital energy infrastructure... What follows is a comprehensive, multi-dimensional account of how the market arrived here, the stark reality of the physical deficit, and the macroeconomic reckoning that lies ahead for financial markets." Read here: financialsense.com/blog/2183…
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Q4 Update: All Booms End in a Bust – The AI Boom Is Likely No Different Read here: financialsense.com/blog/2183…
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Producer prices for chips and electronic parts are up about 27% year over year, a record spike.
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BREAKING: Brent crude oil prices surge above $112/barrel for the first time since May 6th. Inflation expectations continue to push higher as gas prices in the US hit an average of $4.33/gallon.
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Financial Sense retweeted
PIMCO: Data center politics “are bad — and seemingly getting worse.”
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Financial Sense retweeted
The Mathematical Certainty of the Coming Debt Storm: Why the Fed Is Trapped 🎩 by Jim Puplava @FinancialSense_ @JamesJPuplava "We are shifting from an era where paper assets and financial engineering ruled, to an era where the cost of capital matters again. As the Fed is eventually forced to monetize the debt to stave off a sovereign default, the currency will be the ultimate release valve." 🎯 financialsense.com/blog/2181…
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Financial Sense retweeted
BREAKING: Iran announces a large UAE-owned container ship carrying more than 2,500 containers hit a naval mine, exploded and sank this morning in the US-backed southern Omani corridor of the Strait of Hormuz. It is the first vessel sunk by a mine in the war. Initial reports indicate the cargo ship was carrying luxury perfumes and iPhones from Dubai.
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Financial Sense retweeted
BREAKING: Israel is preparing to join the campaign against Yemen's Houthis, with Netanyahu seeking Saudi Arabia's approval through US mediation, per Haaretz.
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Financial Sense retweeted
BREAKING: The U.S. Dollar hits 18-month high
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Financial Sense retweeted
President Trump announced Russia has agreed to provide the world with millions of tons of diesel fuel over the next several months in a bid to decrease skyrocketing global prices. cbsn.ws/4jPkSJP
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