Have a great day
Indications
Nickel 3 month $7.82
Cash last $7.756
Euro 1.138
Yen 161.45
gold $4118.13
silver $61.97
Copper LME $6.03
Copper Comex $6.147
Cobalt $ 27.75- 30.50
Zinc $ 1.581
Tin $ 23.40
Crude $ down 73.36 down 1.95%
Dow Jones up .29%
FTSE 100 down .42%
Dax down 1.04%
Hang Seng down 1.82%
Nikkei down 3.55%
U.S. Dollar index 101.32 up .29%
Quote of the Day
If you think you have it tough, read history books.— Bill Maher
Word of the Day
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To quail is to feel afraid and often to show your fear in a way that can be clearly seen.
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// Although giving a 5-minute speech was a requirement for passing the class, a few students quailed at the thought of public speaking, seeming to shrink behind their desks.
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Trivia
What is the most frequently occurring blood type?
Answer: at bottom of page under good read.
News of Interest
- Markets: Tech stocks glitched yesterday, pulling the S&P 500 and the Nasdaq downwith them. Google had its worst day in over a year as investors fretted over high-profile AI staff departures. Nvidia, Meta, and others dipped too. SpaceX continued a three-day slide that erased $600 billion in value.
The former Federal Reserve chairman died at his home on Monday due to complications with Parkinson’s disease, according to his wife, NBC News correspondent Andrea Mitchell. Greenspan helped shape the American economy for decades and was always honest in acknowledging his mistakes, according to a statement from Mitchell shared by NBC. Mitchell also underscored her husband’s passion for baseball, tennis, golf, and jazz. His brilliance and kindness will always be remembered, she added.
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US eases sanctions on Iran’s oil. As negotiators work to hammer out a final peace deal, the Treasury Department yesterday suspended sanctions on Iranian oil for 60 days, reversing longstanding US policy. The US will allow Iran to sell its oil in US dollars for the first time in decades. The change should make it easier for Iran to profit from its oil without continuing to rely on a shadow network to sell mostly to China. The move came as Vice President JD Vance said the weekend’s talks in Switzerland “laid a very good foundation for a successful final deal.” Vance, who returned from Switzerland while technical negotiators remained for further talks, also said Iran had agreed to allow nuclear inspectors back into the country, but Iranian officials did not confirm this and said “no new commitments” had been made.
SpaceX inked another big AI computing deal. SpaceX may not be colonizing Mars yet, but the newly public company is making headway in becoming an AI infrastructure provider here on Earth. Yesterday, the company inked a deal worth up to $6.3 billion to provide access to its Colossus 2 data center to startup Reflection AI for $150 million per month. This comes after it already made computing power deals with Anthropic, Google, and Cursor (a company SpaceX is now acquiring). The announcement wasn’t enough to curb a stock selloff, but it does help show off a potential profit center. The company is also reportedly planning to issue $20 billion in bonds this week.—AR
China's Gold Imports Surge to Most in More Than Two YearsChina's gold imports reached around 163 tonnes in May, the highest monthly volume since March 2024 and a sign the largest buyer's appetite held up even as prices stayed under pressure. Imports for the first five months of 2026 totalled about 692 tonnes, up roughly 76% on a year earlier. Physical bullion bars and incremental gold accumulation plans were the main drivers, alongside a new import licensing regime that took effect on 1 June.
Nickel & Related Metal News
Nickel Prices drifting lower, thought due to large overhang of inventory on the LME and the strong dollar.
Good Read
Answer to today's trivia question: O+
Smoking and secondhand smoke exposure cause about one in five
deaths in the U.S. each year
https://www.visualcapitalist.com/mapped-smoking-rates-by-state-from-6-to-20/?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew