Tag: commodities
Push to Prevent Next Meat Shortage Hits Big Obstacle
(Associated Press) Sudden meat shortages last year because of the coronavirus led to millions of dollars in federal grants to help small meat processors...
Spiking Energy Leads Wholesale Prices Up 0.5% in February
(Associated Press) Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January.
The Labor Department's producer...
Backwardation and Other Evidence of a Silver Supply Squeeze
(Clint Siegner, Money Metals News Service) The effort to squeeze silver shorts may appear to have fizzled, but naked short sellers are as vulnerable as...
Court Rules Against Apaches in Bid to Halt Proposed Mine
(Associated Press) A federal judge has rejected a request from a group of Apaches to keep the U.S. Forest Service from transferring a parcel...
Oil Companies Lock in Drilling, Thwarting Biden on Climate
(Associated Press) In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil...
Losses Mount for Oil Companies as Pandemic Grips Economy
(Associated Press) Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity.
The energy giant...
Three Unstoppable Forces Set to Drive Silver Prices
(Stefan Gleason, Money Metals News Service) The threat of economically crippling lockdowns, the promise of unending monetary stimulus, and the uncertainty of game-changing political outcomes...
Wholesale Prices Up 0.4% in September as Food Costs Surge
(Associated Press) U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May.
The Labor Department said Wednesday that...
Massive Damage of Rare Plants Probed at Nevada Mine Site
(Associated Press) State and federal authorities are investigating the mysterious loss of a significant swath of a rare desert wildflower that's being considered for...
Billionaire Hedge Fund Manager Warns of 10% Inflation
(Money Metals Exchange) Billionaire hedge fund manager Stanley Druckenmiller is worried that the U.S. dollar will lose purchasing power much more rapidly than the...
