JACK POSOBIEC: Russia attacks Ukraine with a ‘hypersonic missile’ as US, UK escalate war
“They want your sons and daughters to die in the name of democracy. But in truth, it’s really in the name of profit.”
Bucks County, Pennsylvania, Election Official Apologizes for Saying Court Precedent ‘Doesn’t Matter Anymore’
A Democrat Bucks County, Pennsylvania election official who brazenly defied the state’s Supreme Court by moving to count provisional ballots missing a signature in the U.S. Senate race has apologized for saying that “precedent by a court doesn’t matter anymore in this country.”
The post Bucks County, Pennsylvania, Election Official Apologizes for Saying Court Precedent ‘Doesn’t Matter Anymore’ appeared first on Breitbart.
Japan inflation eases to 2.3% in October: official data
Japanese inflation slowed slightly in October with prices up 2.3 percent on-year, official data showed Friday, as the government readies a huge economic stimulus package. The core Consumer Price Index (CPI), which excludes volatile fresh food prices, was down from 2.4 percent in September and 2.8 percent in August. But it stayed above the Bank […]
The post Japan inflation eases to 2.3% in October: official data appeared first on Insider Paper.
Visualizing 80 Years Of The Gold-to-Oil Ratio
Visualizing 80 Years Of The Gold-to-Oil Ratio
Gold and oil – two of the most influential commodities on the planet – have a fascinating relationship that has evolved over decades, captured in the gold-to-oil ratio.
The gold-to-oil ratio represents the number of barrels of crude oil equivalent in price to one troy ounce of gold.
It is viewed as an indicator of the health of the global economy, indicating when gold or oil prices are significantly out of balance with each other.
This graphic, via Visual Capitalist’s Niccolo Conte, shows the gold-to-oil ratio since 1946, using data compiled by Macrotrends.
What is the Gold-to-Oil Ratio?
The gold-to-oil ratio expresses the price relationship between gold and West Texas Intermediate (WTI) crude oil. WTI is a grade of crude oil and one of the three primary benchmarks for oil pricing, along with Brent and Dubai Crude.
A high ratio indicates that gold is relatively expensive compared to WTI crude oil, and vice versa. This can indicate periods of outsized demand for energy in the form of crude oil, or periods of monetary uncertainty when there is higher demand for gold.
Below is the gold-to-oil ratio every decade between 1946 and 2024.
During the 1950s and 1960s, fixed gold prices and stable oil prices kept the ratio between 11 and 13 for 20 years.
Since the 1980s, the ratio has typically traded within the range of 6 to 40 with a notable exception: in 2020 when the ratio reached a high of 91.1. The peak in 2020 was driven by COVID-19, which boosted gold prices as a safe haven while oil demand and prices plummeted due to global lockdowns.
In contrast, between 2000 and 2008, oil prices were relatively high compared to gold. During this period, the ratio dropped to nearly 6 but never rose above 16.
When comparing the two commodities, it’s worth remembering that the crude oil market is around 10 times larger than that of gold, making it the largest commodity market in the world.
If you enjoyed this graphic, make sure to check out this graphic that shows the top countries by natural resource value.
Tyler Durden
Thu, 11/21/2024 – 18:00
Chris Hedges: Organized Oblivion
from MintPress News: Washington DC — (Scheerpost) — I am in the The Krikor and Clara Zohrab Information Center next to the St. Vartan Armenian Cathedral in Manhattan. I am holding a bound, hand-written memoir, which includes poetry, drawings, and scrapbooked images, by Zaven Seraidarian, a survivor of the Armenian genocide. The front cover of the […]
Russia says US is actively trying to prolong war in Ukraine
“If you look at the trends of the outgoing US administration, they are fully committed to continuing the war in Ukraine and are doing everything they can to do so,” Kremlin spokesperson Dmitry Peskov said.
False Alarm: Ambulances at Mar-a-Lago Part of JD Vance Motorcade
Speculation briefly erupted on social media Thursday after ambulances and Secret Service vans were seen leaving Mar-a-Lago. Andrew Feinberg, The Independent’s White House correspondent, initially reported the movement of two ambulances and several vans loaded with Secret Service agents, leading to widespread curiosity. Moments later, Feinberg provided much-needed clarification. Citing a transition source and the […]
The post False Alarm: Ambulances at Mar-a-Lago Part of JD Vance Motorcade appeared first on Insider Paper.
Don’t Ruin Idaho: 42% Say the State Is on the Wrong Track
Housing Market, Cost of Living, Left Policies In Idaho.
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A survey reveals that 42% of residents believe Idaho is heading in the wrong direction. From skyrocketing costs of living and housing to controversial policies and an influx of out-of-staters, Idaho is at a turning point. Are the changes helping or hurting?
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⏰ Timecodes ⏰
0:00 – Intro
0:07 – Survey Results
0:24 – Cost of Living
0:57 – Migration Impact
2:11 – Idaho’s Future
2:54 – Political Shifts
4:48 – “Don’t California My Idaho”
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11:19 – Sanctuary Cities for 2nd Amendment
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Jair Bolsonaro, 36 aides indicted by Brazilian police for alleged coup against President Lula
Brazilian police said their findings from the investigation, compiled in a 700-page document, were being delivered to the country’s Supreme Court, overseen by Justice Minister Alexander de Moraes.
The Real Reason Why Men Don’t Approach Beautiful Women
Women love to claim that they're beautiful and thus men are afraid to approach them because they're beautiful and confident. The reality however is something completely different.
I discuss the real reason why men avoid beautiful women and now women in general
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