Oil Continues Testing Commodities

Since last week: 

We continue to see the cascading effects of oil prices rising throughout the rest of the market, and traders are watching whether gold and silver will hold under the strain.

1. Continued Oil Volatility

Oil prices jumped again as word came out that the Trump administration is considering renewed large-scale strikes against Iran, even as he said he wouldn’t before the mid-term elections next month. Work is also being suspended at several rigs in the Gulf of Mexico due to the approaching hurricane. All of this factors into inflationary pressures that will continue to be felt throughout the economy.  Avoiding the worst of it takes proactive investing. Click here to learn about the steps to take.

2. The Effect on Commodities

Those inflationary pressures affected commodity prices unevenly. Silver slid and gold mostly held firm following the rise in oil prices. These assets aren’t safe from monetary volatility, but as it persists, traders will turn to them to protect themselves, which is why you should continue buying. Click here to learn the best way to do that.

3. AI Competition

While domestic AI companies ramp up spending on their products, they’re facing pressure from Chinese models that can offer customers a way to run AI on their own infrastructure rather than relying on one of the big-name frontier labs. This raises questions about opportunities and competition that will shape how the technology is adopted in the future. You can follow the conversation and learn where the profit will come from by clicking here. 

4. Google’s New Nuclear Deal

In another sign that nuclear power is experiencing a resurgence, Google has contracted 3,590 megawatts of power from Constellation Energy with a quarter of that allocated to be nuclear energy. This deal will see Constellation making over $4 billion in investments to its fleet, including adding capacity to its existing nuclear reactors. It’s going to need uranium to power all of those, which is why the price will only keep climbing. Click here to learn about one of the best ways to invest in uranium.

What to Look For

Odds are going back and forth on whether there will be rate hikes at the next Fed meeting, which is right before midterms.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Bizarro World