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Showing posts with the label gold

My AC Has Been Running for 11 Days Straight. I'm Scared to Open My Electric Bill.

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AI Image   By Gemma I haven't turned my air conditioner off since June 23rd. Not once. Not even at night when it cools down slightly. Because it doesn't cool down. Not this summer. Not on the East Coast in July 2026, where temperatures have been sitting above 95°F for nearly two weeks and the forecast shows no meaningful relief until next week at the earliest. My AC runs. My bill climbs. And somewhere in my mailbox, an envelope is waiting that I'm genuinely not ready to open. Here's what's actually happening to the US power grid right now. PJM — the largest power grid operator in the US, serving 13 states and Washington DC — declared an emergency this week. Spot wholesale electricity prices in the region surged beyond $2,500 per megawatt hour. For context, the normal price when the grid isn't in distress is about $40 per megawatt hour. That's not a typo. Prices jumped from $40 to $2,500. In a week. Power prices from New York to Virginia are surging a...

Gold & Silver Fear, and a $10 Trillion Reality Check

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The Safe Havens stopped providing the security which people expected from them  I remember the moment I realised something was off.  Gold prices fell to under Four thousand and five hundred dollar per ounce. Silver followed, breaking $72. At first, I treated it like noise. Precious metals don’t usually unravel this fast without a reason, and when they do, the reason is rarely obvious in the first few hours. But then I started seeing the same pattern everywhere I looked. Red screens. Forced selling. Liquidation cascades. In just three days, gold and silver had erased over $10 trillion in combined market value. Assets people trusted to protect wealth were suddenly doing the opposite. That’s when I knew this wasn’t just a price correction. This was a confidence event. The Setup: Crowded Safety Leading into the drop, gold and silver had become overloved. Inflation fears, geopolitical uncertainty, and distrust in fiat systems had pushed investors toward hard assets in a way I hadn’...