BlackRock Called It a Supercycle Today. The Mines and Vaults Already Agree.

BlackRock names a new commodity supercycle the same day a copper mine hits a labor deadline, COMEX platinum drains to a nine-month low, copper backwardation deepens, and China enters Golden Week on record gold imports.

Gold Is Falling Today. Four Other Signals Say the Hard-Assets Trade Isn’t.

Gold dipped today, but four other signals disagree: copper hit a record high, UBS raised its silver forecast, mining stocks are outperforming bullion, and Tether keeps buying physical gold every week.

Mining Margins Beat Google’s. Here’s What That Tells You About Gold.

At $4,000 gold and $60 silver, the companies pulling this metal out of the ground are generating margins that rival the most profitable technology businesses on earth. Precious metals investor Tavi Costa explains the mechanism — and what it means for long-term owners of physical gold and silver.