u/One_Mega_Zork

I've been watching someone, I won't mention names, defend the 60 dollar silver price like he/she is Gandalf fighting the Balrog in the Mines of Moria.

Meanwhile Cu (copper) is getting close to its high of 6.32. Don't forget about this little guy.

>China’s exports of electric vehicles climbed to an all-time high in May, extending a surge that has been fueled by higher oil prices linked to the war in Iran. Overall exports of electricity technologies, including solar panels and batteries, remained near record levels.

>Shipments of electric vehicles reached $9.2 billion, up almost 50% from the same period a year ago, according to China’s General Administration of Customs. The increase is a sign of the country’s growing competitive edge in advanced transport and rising global demand for alternatives to fossil fuels.

>Disruptions to fossil-fuel supplies stemming from the US and Israel’s attack on Iran and the effective closure of the Strait of Hormuz have bolstered interest in China’s clean-energy products.

>“The current energy crisis has reinforced the value of electrification as a pathway to greater energy security, reduced fuel import exposure and long-term transport cost savings,” said Lam Pham, energy analyst for Asia at Ember.

>Analysts at BloombergNEF also expect demand for electrification to keep growing. “Technologies that enable net fossil-fuel importing countries to decouple from geoeconomic uncertainty may gain added impulse,” the analysts concluded in the recently published New Energy Outlook.

33% of all current government debt needs to be refinanced due to expiration of terms. Currently all bond markets have higher rates than the average rate of the current 39 Trillion dollar debt.

Because inflation is rising on higher energy costs 4 FED chairmen dissented and wanted to raise rates. But Raising rates will be a disaster for everyone increasing the payments on the debt by the US Government. Conversely, cutting rates to make debt more manageable is inflationary.

Quite a fucking pickle we are in!