Andy Millette
NRS Daily News
Art of a Deal
The United States and Great Britain had a perfect trade relationship for 150 years. Both sides were happy. Then, one day, we broke up this relationship for no reason. Then
Artificial Stupidity
We are in an environment where the markets are heavily dependent on the news about tariffs. Trading algorithms are programmed to automatically buy S&P and NASDAQ futures every time there
Investing in Natural Resource Stocks
The stock market is struggling this year due to overvaluation, our government policies and mostly tariffs. We talked about it at the beginning of the year. Meanwhile, we at Natural
Cheap Oil
U.S. crude oil futures fell more than 4% on Sunday, after OPEC agreed to surge production for a second month. Oil prices in April posted the biggest monthly loss since
Market Update 05/03/2025
Volatility is volatile (pun intended). In the last two years, we have seen relatively subdued levels of stock market volatility, which is normal considering we were in a bull market.
- Why Selling Gold Now Could Be a Costly Mistake
As gold hits new all-time highs, many investors are rushing to take profits. But is that really the smart move? In this short video, precious metals expert Alan Hibbard went on One American News Network to makes the case that the biggest move in gold is yet to come — and selling now might mean leaving gains on the table. He breaks down: If you care about stability, clarity, and making informed choices in uncertain times, this is 10 minutes well spent. The post Why Selling Gold Now Could Be a Costly Mistake appeared first on GoldSilver.
- Gold Fever in China: Investment Demand Soars While Jewelry Sales Cool
China’s gold market surged in April 2025, marking its fifth straight month of price gains. Chinese gold ETFs had their strongest month ever, adding 65 tonnes (US$6.8bn). The Shanghai Benchmark Gold Price rose 6.9%, while the LBMA Gold Price increased 6%. Wholesale demand jumped with 153 tonnes withdrawn from the Shanghai Gold Exchange—27% more than March. The People’s Bank of China added another 2.2 tonnes to its reserves, now at 2,295 tonnes. Despite strong investment activity, Q1 gold imports were weak due to lower premiums and reduced jewelry demand. While short-term investment may slow due to profit-taking, the long-term outlook The post Gold Fever in China: Investment Demand Soars While Jewelry Sales Cool appeared first on GoldSilver.
- Fed Likely to Hold Rates Steady as Tariff Impact on Inflation Remains Unclear
The Federal Reserve is likely to maintain a “wait and see” approach to interest rates after April’s Consumer Price Index (CPI) revealed sticky inflation despite some cooling signs. Core inflation (excluding food and energy) remained at 2.8% year-over-year for the second consecutive month, substantially above the Fed’s 2% target. Monthly core inflation rose 0.2%, higher than March’s 0.1% but below expectations. Experts from Morgan Stanley and Bank of America believe President Trump’s tariffs haven’t yet fully materialized in inflation data, with impacts expected to appear in May or June figures. Investors continue to predict the Fed will hold rates steady The post Fed Likely to Hold Rates Steady as Tariff Impact on Inflation Remains Unclear appeared first on GoldSilver.
- Record-Breaking Metal Deposit Could Redefine Argentina’s Economy
A landmark discovery in Argentina’s Andes mountains has unearthed the largest copper, gold, and silver deposit in 30 years. The joint venture “Vicuña,” formed by Lundin Mining and BHP, has identified over 80 million ounces of gold and silver alongside 12+ million tons of copper. This find is expected to boost Argentina’s economy through job creation and infrastructure development. Communities in San Juan province anticipate that resulting revenues will fund essential services in historically neglected areas. The discovery could transform Argentina from an agricultural nation into a significant copper exporter within a decade. This matters globally, as copper is vital The post Record-Breaking Metal Deposit Could Redefine Argentina’s Economy appeared first on GoldSilver.
- Wealthy Investors Flee Dollar for Gold and Crypto Amid Trade Tensions, Says UBS
UBS reports that wealthy clients are moving away from US dollar-based investments and toward alternative assets like gold and cryptocurrency. Amy Lo, co-head of UBS Group’s Asian Wealth Management, noted that gold has become particularly popular due to economic volatility caused by Trump’s trade tariffs. Investors are also increasingly considering Chinese yuan-backed assets. Recent data shows the yuan outperforming the dollar in May 2025, while Bitcoin has crossed $105,000 and gold reached an all-time high of $3,390 in April. The post Wealthy Investors Flee Dollar for Gold and Crypto Amid Trade Tensions, Says UBS appeared first on GoldSilver.
- Fed’s Jefferson Warns: Tariffs Could Disrupt Inflation Progress
Federal Reserve Vice Chair Philip Jefferson acknowledged recent progress on inflation but cautioned that new tariffs could reverse that trend. While April’s CPI data came in softer than expected, Jefferson noted that sustained import taxes may temporarily push inflation higher — and possibly slow the economy. He emphasized the need for a steady hand on interest rates, calling current levels “well positioned” to respond to emerging risks. Business and consumer sentiment have dipped, and the Fed is now closely monitoring for signs of economic slowdown. The post Fed’s Jefferson Warns: Tariffs Could Disrupt Inflation Progress appeared first on GoldSilver.
- How a 0.5% Portfolio Shift Could Drive a $6,000 Gold Supercycle
Even small moves can spark big outcomes. If just a fraction of global capital rotates into gold, prices could surge beyond anything most investors are prepared for. The post How a 0.5% Portfolio Shift Could Drive a $6,000 Gold Supercycle appeared first on GoldSilver.
- Kalyan Jewellers Accelerates Expansion with 160 New Stores Amid Changing Consumer Preferences
Indian jewelry retailer Kalyan Jewellers expects robust growth exceeding 25% this year as it accelerates its expansion with 160 new locations planned. The company is benefiting from changing consumer behavior, with customers preferring established chains over independent jewelers, shopping more frequently, and spending more on gifts. While high gold prices haven’t deterred wealthy buyers, middle-class consumers are shifting to lighter, lower-carat options. The retailer’s aggressive growth strategy aims to match market leader Titan’s “Tanishq” store count in three years. The post Kalyan Jewellers Accelerates Expansion with 160 New Stores Amid Changing Consumer Preferences appeared first on GoldSilver.
- Gold Rush 2025: How Global Uncertainty Is Driving Record Investment
Economic and political uncertainty has sparked renewed interest in gold as a safe investment. Gold prices have increased 20% since Trump’s election and 95% over five years. Both central banks and individual buyers are turning to gold, with U.S. gold inventories doubling as tons of gold are being transported to New York vaults. This trend accelerated after Russia’s invasion of Ukraine, when central banks began buying gold at twice the previous rate. While jewelry purchases have decreased, investment in gold bars and coins is up. Experts, including billionaire investor John Paulson, predict gold prices will continue rising significantly through 2028, The post Gold Rush 2025: How Global Uncertainty Is Driving Record Investment appeared first on GoldSilver.
- Gold Retreats from Record Highs as U.S.-China Relations Improve
Gold prices fell by 0.5% to $3,231.08 per ounce on Wednesday as improving U.S.-China trade relations eased global recession concerns. The two countries agreed to a 90-day suspension of reciprocal tariffs after weekend talks in Geneva, with the U.S. planning to reduce tariffs on low-value Chinese shipments to 30%. This agreement has boosted investor risk appetite and weakened gold’s safe-haven appeal, which had previously driven prices to a record high of $3,500.05 last month. According to Ole Hansen from Saxo Bank, gold faces potential further decline if prices drop below $3,200, potentially testing the $3,165 level. Meanwhile, traders await Thursday’s The post Gold Retreats from Record Highs as U.S.-China Relations Improve appeared first on GoldSilver.
Company Press Releases
ANGKOR RESOURCES’ ANNUAL RESERVE REPORT 51-101f1 ON SASKATCHEWAN OIL & GAS PROJECT
Hello Shareholders This message provides an explanation of the most recent press release, ANGKOR RESOURCES’ ANNUAL RESERVE REPORT 51-101f1 ON SASKATCHEWAN OIL & GAS PROJECT STATES INCREASED PROVED AND PROBABLE RESERVES | Angkor Resources Corp. , which is a summary on the Evesham Canadian oil/gas/water project in Saskatchewan. As part of the regulatory requirements, Angkor needs to complete an independent 51-101 Reserve report on our Canadian oil and gas holdings each year. There are a series of assumptions made with these reports, but the main ‘’takeaway’ from our first annual report is that there is a significant increase in the value on the property, as we continue to add water injection wells and inject water into the formation. To recap, Angkor, with its subsidiary EnerCam Exploration Ltd. (Canada) had an independent valuation done in October and November 2023 before we bought out 40% interest to determine a price and
Gold and Silver Giveaway for Expo Attendees – Click Below
Free Atlanta, GA (Buckhead) Gold & Silver Investment Expo – May 14th thru 16th NRS Gold and Silver Giveaway for Attendees! Only 15 Slots Remaining for Atlanta Area Attendees If you are an accredited investor in the Atlanta, GA (Buckhead) area and are interested in learning more about Gold, Silver, Oil, Gas, Rare Earths, Uranium, or Copper, please join us May 14th, 15th, and 16th at The Whitley Hotel (formerly the Ritz-Carlton), directly across from Phipps Plaza and Lenox Mall in Buckhead.
ANGKOR RESOURCES’ OIL & GAS GEOSCIENTISTS DEPART CANADA TO PHNOM PENH TO DEVELOP CAMBODIA’S ONSHORE OIL AND GAS
GRANDE PRAIRIE, ALBERTA (April 30, 2025): ANGKOR RESOURCES CORP. (TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) announces its leading onshore oil and gas geoscientists for its energy subsidiary, EnerCam Resources (Cambodia) Co. Ltd. (“EnerCam”) are en route to Phnom Penh Cambodia for continuing development work on Cambodia’s Block VIII oil and gas project. EnerCam holds a 30-year Production Sharing Contract with the Government of Cambodia to explore, develop, and produce oil and gas on Block VIII in the southwest quadrant of the country. Keith Edwards, geophysicist, and Justin Snelling, lead geologist and reservoir specialist, have followed EnerCam’s President Mike Weeks, to Phnom Penh to locate full-time residence in the Kingdom while they immediately continue their work on advancing Block VIII in the Kingdom. The day after arrival, and while waiting for approvals for the Environment Impact Assessment and the Seismic scoping review, the veteran geoscientists will commence a 10-day plan with
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- Bitcoin Season 2: Why the next wave of Bitcoin innovation is all about utility
Bitcoin’s (BTC) next evolution isn’t just about price. It’s about potential. On this week’s episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson sit down with Isabel Foxen Duke, general partner at Unbroken Chain and longtime Bitcoin advocate, to unpack what she calls “Bitcoin Season 2.”Bitcoin beyond money“Bitcoin Season 2 is really about seeing what we can do with Bitcoin outside of just being money,” said Duke. “What are the broad range of financial use cases for [Bitcoin] other than just being money by itself?”New developments like ordinals, runes, and decentralized financial (DeFi) tools are pushing Bitcoin beyond its traditional identity as a digital store of value. One key innovation under discussion is trustless lending — allowing users to borrow against their Bitcoin without involving third-party intermediaries. “We don’t have the ability to lend against our Bitcoin in a trustless way without third-party intermediaries,” Duke said. “I would argue that is the second most important and second most used use case in the real world other than making payments.”Lending on BitcoinOne emerging solution involves Discreet Log Contracts (DLCs), which let users maintain control of their Bitcoin while locking it as collateral. Smart contract logic enforces repayment, not a central authority. “That’s proven by math rather than trust,” Duke said.Related: Bitcoin looks ‘ridiculous’ as bulls attempt $2T market cap flip — AnalystDuke said she is equally excited about trustless bridging, which could allow Bitcoin to interact with external computation platforms without compromising its decentralized ethos. “If you could use Bitcoin not just as money but as a base asset that can trustlessly plug into any financial system, that would be… the end of the road for this asset.”Looking ahead, Jenkinson highlighted how Bitcoin-native DeFi could unlock real-world financial access for people excluded from traditional banking. “A few little changes to some lines of code might just unlock [permissionless finance] for all of us,” he said. “And that’s the kind of future I’m hopeful about.”To hear the full conversation on The Clear Crypto Podcast, listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows! Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet
- CoinDesk 20 Performance Update: NEAR Drops 5.7% as Index Trades Lower From Wednesday
Polygon (POL) joined NEAR Protocol (NEAR) as an underperformer, falling 5.6%.
- 6 signs predicting $140K as Bitcoin's next price top
Key takeaways:Bitcoin’s price is retracing, but strong ETF inflows, high network activity and whale accumulation suggest BTC is on track to $140,000.Spot Bitcoin ETFs saw $2.9 billion in net inflows in two weeks, mirroring past rallies.Declining exchange balances and a rising transaction volume Z-score suggest increasing overall demand.Bitcoin (BTC) price was down 1.4% over the last 24 hours. It traded 6% below its all-time high of $109,000, reached on Jan. 20. Nevertheless, several fundamental, onchain and technical metrics suggest that Bitcoin’s upside is not over.Spot Bitcoin ETF inflows mirror past BTC ralliesBitcoin’s latest recovery was accompanied by strong investor appetite for spot Bitcoin exchange-traded funds (ETFs), which recorded $2.9 billion in net inflows over the last two weeks.The chart below shows that after the launch of the US-based spot Bitcoin ETFs in January 2024, these investment products saw net inflows of about $8.5 billion between Feb. 13, 2024, and March 13, 2024, peaking at a record single-day inflow of $1.045 billion on March 12, 2024.Spot Bitcoin ETF flows. Source: Glassnode Similarly, between Nov. 6, 2024, and Dec. 16, 2024, cumulative daily inflows hit $5.7 billion, aligning with Bitcoin’s 60% rally from $67,000 to $108,000 over the same period. If ETF inflows continue, Bitcoin is likely to resume its uptrend toward new all-time highs. Bitcoin market volatility index: risk-onIncreased inflows into spot Bitcoin ETFs signal high risk-on sentiment, as evidenced by a drop in the CBOE Volatility Index (VIX), which measures 30-day market volatility expectations.Bitcoin network economist Timothy Peterson highlighted that the VIX index has dropped substantially to 18 from 55 over the past 25 trading days.A VIX score below 18 implied a “risk-on” environment, favoring assets like Bitcoin. The analyst said:“This will be a 'risk on' environment for the foreseeable future.”CBOE Volatility Index. Source: Timothy PetersonPeterson’s model, which has a 95% tracking accuracy, predicted a $135,000 target within the next 100 days if the VIX remains low.Strong Bitcoin accumulation continuesReinforcing the risk-on sentiment are Bitcoin whales, who have been increasing their holdings even as the price rallied. Glassnode data shows the Bitcoin Accumulation Trend Score (ATS) at 1 (see chart below), which signifies intense accumulation by large investorsAccording to Glassnode, the spike in trend score indicates a transition from distribution to accumulation across almost all cohorts. This shift mirrors a similar accumulation pattern observed in October 2024, which preceded Bitcoin’s rise from $67,000 to $108,000, spurred by US President Donald Trump’s election victory.Bitcoin accumulation trend score. Source: GlassnodeAdditional data from Santiment reveals that addresses holding between 10 BTC and 10,000 BTC have accumulated 83,105 more BTC in the past 30 days.In a May 13 post on the X social platform, Santiment said,“With the aggressive accumulation from these large wallets, it may be a matter of time until Bitcoin's coveted $110K all-time high level is breached, particularly after the U.S. and China tariff pause.”Bitcoin 10-10,000 BTC chart holdings. Source: SantimentOverall, this is a positive sign as continued accumulation signals bullish sentiment among this cohort of investors.Related: Bitcoin looks ‘ridiculous’ as bulls attempt $2T market cap flip — AnalystDeclining Bitcoin balance on exchangesBTC balance on exchanges reached a six-year low of 2.44 million BTC on May 15. According to the chart below, more than 110,000 BTC have been moved off exchanges over the last 30 days. BTC reserve on exchanges. Source: CryptoQuantDecreasing BTC balances on exchanges means investors could be withdrawing their tokens into self-custody wallets, indicating a lack of intention to sell in anticipation of a future price increase.Increasing network activityBitcoin’s potential to rise is supported by increased network activity, as highlighted by crypto investor Ted Boydston in a May 15 post on X. The Bitcoin transaction volume Z-score measures the difference between the current transaction volume and the average. It is often used to gauge network activity and market interest.The chart below shows the metric has risen sharply from the negative zone and is approaching 1. A rising transaction volume Z-score, especially when it approaches or exceeds 1, is historically associated with Bitcoin price rallies.“This is a good sign for Bitcoin price acceleration,” remarked Boydston, adding:“Bitcoin should be full bull once the Z-score breaches 1.”Source: Ted BoydstonBTC rounded bottom pattern targets $140KFrom a technical perspective, Bitcoin’s price has formed a rounded bottom chart pattern on the daily chart (see below). Bulls are now focused on pushing the price above the neckline of the governing chart pattern at $106,660.A daily candlestick close above this level would confirm a bullish breakout from the rounded bottom formation, ushering BTC into price discovery with the technical target set at $140,000, or a 37% increase from the current level.BTC/USD daily chart. Source: TradingViewThe relative strength index, or RSI, is at 70, and a bullish cross from the SMAs suggests that the market conditions still favor the upside, which can top out at even higher than $140,000. As Cointelegraph reported, BTC price had broken out of a bull flag in the weekly timeframe, projecting a rally to $150,000.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
- Here’s what happened in crypto today
Today in crypto, Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme, but the exchange could face a bill of up to $400 million. Huione Guarantee, suspected as the world’s largest darknet marketplace, has shut down, citing a Telegram account purge that decimated its network, and US Commodity Futures Trading Commission (CFTC) commissioner Summer Mersinger is set to become the next CEO of the crypto advocacy group Blockchain Association.Coinbase faces $400 million bill after insider phishing attackCoinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said.According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data.“These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected.Less than 1% of Coinbase’s monthly transacting users’ data was affected by the attack, the company said.Source: CoinbaseAfter stealing the data, the attackers attempted to extort $20 million worth of Bitcoin (BTC) from Coinbase in exchange for not disclosing the breach. Coinbase refused the demand.Coinbase said it will reimburse users who were tricked into sending cryptocurrency to phishing scammers, with expected remediation and reimbursement expenses ranging from $180 million to $400 million.The crypto exchange disclosed the estimate in an 8-K filing with the US Securities and Exchange Commission on May 15, noting the expenses relate to “voluntary customer reimbursements” and other remediation efforts.Telegram shuts the “largest darknet marketplace to have ever existed”A major Chinese darknet marketplace suspected of facilitating crypto scams and cybercrime says it is ceasing operations after being targeted in a ban wave by the Telegram messaging service, upon which it operated.The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee, saw Telegram’s ban thousands of its associated accounts on May 13. “Since all our NFTs, channels and groups were blocked by Telegram on May 13, 2025, Haowang Guarantee will cease operations from now on,” read the notice on the marketplace website.Source: ChainalysisA report from Wired said that this involved banning thousands of accounts and usernames that served as the infrastructure for the crypto crime marketplace and its vendors.Telegram spokesperson Remi Vaughn told the outlet, “communities previously reported to us by WIRED or included in reports published by Elliptic have all been taken down,” before adding that “criminal activities like scamming or money laundering are forbidden by Telegram’s terms of service and are always removed whenever discovered.” CFTC commissioner will step down to become Blockchain Association CEOSummer Mersinger, one of four commissioners currently serving at the US financial regulatory body Commodity Futures Trading Commission (CFTC), will become the next CEO of the digital asset advocacy group the Blockchain Association (BA). In a May 14 notice, the Blockchain Association said its current CEO, Kristin Smith, would step down for Mersinger on May 16, allowing an interim head of the group to work until the CFTC commissioner assumes the role on June 2. Though her term at the CFTC was expected to last until April 2028, the BA said Mersinger is set to leave the agency on May 30.The departure of Mersinger, who has served in one of the CFTC’s Republican seats since 2022, opens the way for US President Donald Trump to nominate another member to the financial regulator. Rules require that no more than three commissioners belong to the same political party. Like the Securities and Exchange Commission, the CFTC is one of the significant US financial regulators whose policies impact digital assets. Lawmakers in Congress are currently working to pass a market structure bill to clarify the roles each agency could take in overseeing and regulating crypto.New leadership at the Blockchain Association had been expected since Smith announced her departure on April 1 to become the next president of the Solana Policy Institute.
- MoonPay Users Can Now Make Stablecoins to Make Payments With Mastercard Partnership
The partnership is set to allow crypto wallets to issue virtual Mastercards, expanding access to real-world stablecoin payments
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