Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Inflation & Tariffs - Tariffs are contributing to inflation, with import prices (excluding food and energy) rising 04% in May after a 05% increase in April [3] - Companies with pricing power will pass tariff costs to consumers, while those without will absorb costs via margin cuts [4] - Helen of Troy plans to raise consumer prices by 7% to 10% this summer, while ConAgra faces 7% cost increases due to commodity, labor, steel, and aluminum inflation [4][5] - Levi's anticipates only a 2% to 3% price increase, mitigating most tariff impacts, suggesting a separation of winners and losers based on pricing power [6] - Even if Levi's absorbs costs, someone in their supply chain is still bearing the tariff burden [7] Commodity & Industrial Metals - The CRB raw industrials index matched its March level, the highest since January 2023, indicating rising industrial metal prices [10] - Silver reached its highest level since 2011, and platinum is up about 30% in the past few months, reflecting a global rise in industrial metals [10][11] - The rise in metal prices is attributed to preemptive buying ahead of potential tariffs and the strategic importance of critical minerals in a multi-polar world [11] - Higher metal prices will flow through the supply chain, impacting inflation regardless of whether consumers absorb the costs [12] Company Strategies - Some companies can mitigate tariff effects, while others face margin pressure or need to raise prices [6][7] - Companies are trying to get their hands on metals ahead of potential tariffs [11]

Group 1 - Bitcoin has distinguished itself from other risk assets over the past year, indicating its unique position in the market [1] - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors through various market conditions [1] - The investment group emphasizes building robust and diversified portfolios to preserve and increase wealth over time [1]

>> All right. >> Gold's rally taking a bit of a breather over the past few weeks, however, Halftime committee member Bill Baruch still sees a big opportunity there and elsewhere in the mining space. It's good to see you.So you just launched a new portfolio centered around mining. Tell our viewers more, please. >> Absolutely.>> Thanks for having me on about this. The idea here is gold. We have a really great background in commodities.My team and I have worked really hard putting this together and working thr ...

Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Fourth Turning Overview - The theory of the Fourth Turning suggests that history moves in predictable cycles of roughly 80 to 100 years, divided into four phases: the High, the Awakening, the Unraveling, and the Fourth Turning [1] - Fourth Turnings are periods of deep crisis that reshape society, often involving wars, revolutions, economic crashes, or widespread social unrest [1] - The current Fourth Turning is driven by economic imbalances, political and social fragmentation, geopolitical shifts with China's rise, and a generational transition [2] Economic Implications - Decades of economic imbalance, fueled by debt accumulation and low interest rates, have created a fragile system [1] - Governments may resort to inflating away debts, which benefits them but erodes citizens' savings and purchasing power [2] - Financial repression, where investors are forced to hold government debt despite diminishing values, may be implemented [2] Geopolitical Risks - Tensions between the US and China, particularly over Taiwan, could escalate into conflict, disrupting global supply chains and financial markets [2] - Polarization between Western nations and the BRICS countries is an early sign of this geopolitical shift [2] Investment Strategies - Bonds could become a risky bet due to inflation and rising yields [3] - Tangible sectors like infrastructure, defense, commodities, manufacturing, and energy may outperform growth-focused tech stocks [3] - Precious metals like gold and silver historically perform well during inflation and currency devaluation [3] - Cryptocurrencies with genuine real-world adoption are more likely to survive the upcoming bear market [3] - Geographic diversification is critical to avoid capital controls [4]

I want you to imagine this. You're walking in an herb garden on a warm July day. Scents of lavender, basil, and thyme.Or someone you love baked chocolate chip cookies still warm filling the room with their aromomas. I was born with an incredible sense memory surrounding taste and smell. Simmering pot roast brings me back to my grandma's kitchen 40 years ago.I dream about tropical fruit, roasted coffee beans, perfectly cooked pasta, or sweet ice cold ripe watermelon. Food controls my moods. A good tasting at ...

Market Overview - WTI crude oil initially rose by approximately 1%, reaching $65.77, but later declined from around $75 following geopolitical tensions [1] - WTI experienced a 7% increase for the month but a 9% decrease for the quarter, marking the fourth negative price decline in the last five quarters [2] - Natural gas prices decreased by 16% for the quarter, while Arub gasoline prices fell by 9% [2] Supply and Demand Dynamics - Oil supply is projected to grow four times faster than global oil demand this year [4] - Strong supply growth is expected from OPEC+ countries reversing post-pandemic production cuts, as well as from countries like Brazil, Guana, Norway, and Kazakhstan bringing offshore projects online [4] - US shale supply remains robust, with recent readings showing all-time highs [4] - Global oil demand is growing by approximately 600 thousand barrels per day (KBD) this year [6] Price Forecast and Influencing Factors - Goldman Sachs anticipates a further $10 downside for crude oil prices over the next 12 months due to strong supply [5] - A weaker dollar is expected to boost global oil demand by 300-400 KBD [10] - Recession risk in the US is estimated to be around 30% over the next 12 months, potentially impacting oil demand [7] Commodity Divergence - The analysis suggests the most upside potential for gold and US copper prices, while anticipating downside for oil [11] - China's commodity demand is becoming increasingly divergent, with strong power and copper demand growth but a peak in oil demand and weak LNG gas imports [12]

Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors of all levels [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and grow wealth [1]

Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors in their investment journey [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and grow wealth [1]