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NRS Daily News

Market Update 05/18/2025

The stock market has been enjoying a relief rally over the last few weeks, triggered by hope that the tariff situation will be resolved somehow. Gold and other risk-off assets

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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

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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

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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

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Industry News

  • Fiscal Experts: Republican Tax Bill Conceals More Than $1 Trillion in Future Debt

    The GOP tax bill carries an official price tag of $3.8 trillion over ten years, but independent analysts warn this hides its true fiscal impact. The bill strategically makes Trump’s 2017 tax cuts permanent while setting popular new measures—like tax-free tips and overtime—to expire after just four years. Budget experts at the Committee for a Responsible Federal Budget estimate the real deficit impact would reach $5.2 trillion if all provisions were extended for the full decade (or $3.3 trillion after proposed spending cuts). Critics call this a deliberate tactic to conceal over $1 trillion in potential costs. This comes as The post Fiscal Experts: Republican Tax Bill Conceals More Than $1 Trillion in Future Debt appeared first on GoldSilver.

  • Wholesale Prices Drop Sharply in April, but Economists Warn of Tariff-Driven Inflation Ahead

    April’s Producer Price Index showed wholesale prices fell 0.5% – the largest monthly drop since early COVID. While annual inflation slowed to 2.4%, the decrease primarily came from a 1.7% decline in trade margins, indicating businesses are temporarily absorbing tariff costs rather than passing them to consumers. Economists warn this won’t last. “We are beginning to see trade policy filtering into hard data, affecting revenues and profit margins,” says RSM’s Joe Brusuelas. In fact, core goods prices (excluding food and energy) rose 0.4% in April – the fastest monthly increase in over two years. This suggests underlying inflation pressure despite The post Wholesale Prices Drop Sharply in April, but Economists Warn of Tariff-Driven Inflation Ahead appeared first on GoldSilver.

  • Gold IRA Tax Benefits Explained: Maximize Savings, Minimize Taxes 

    In today’s volatile economy, protecting your retirement savings goes beyond traditional assets. That’s why many investors are turning to Gold IRAs — offering the dual benefit of wealth preservation and Gold IRA tax benefits that can strengthen long-term financial planning.  Whether you choose a Traditional or Roth Gold IRA, understanding the tax rules can help you build a more resilient and efficient retirement strategy.  Understanding Gold IRAs and Their Tax Classifications  A Gold IRA is a self-directed retirement account that holds IRS-approved physical precious metals—such as gold, silver, platinum, and palladium—instead of stocks or mutual funds. As highlighted in Why Gold The post Gold IRA Tax Benefits Explained: Maximize Savings, Minimize Taxes  appeared first on GoldSilver.

  • Global Shift: 13 Countries Embrace Yuan as Dollar Alternatives Gain Ground

    A major economic shift is occurring as 13 countries reduce their reliance on the US dollar in favor of the Chinese yuan. This “de-dollarization” trend has increased dollar volatility and slightly weakened its value. Meanwhile, the yuan’s international use continues to grow, raising debate about whether it could eventually challenge the dollar’s long-standing dominance in global finance and trade. The post Global Shift: 13 Countries Embrace Yuan as Dollar Alternatives Gain Ground appeared first on GoldSilver.

  • Trump Administration to Issue New Tariff Rates to Trading Partners Without Negotiations

    President Trump announced that his administration will send letters to trading partners within the next 2-3 weeks outlining tariff rates for doing business with the US. Trump claims there are too many countries (around 150) wanting trade deals for his team to meet with individually. While some priority countries like Japan, South Korea, India, and the EU are still in negotiations, most nations will simply receive notification of their rates, with some appeal option available. Trump has already reached agreements with the UK and temporarily with China to allow for further discussions. The post Trump Administration to Issue New Tariff Rates to Trading Partners Without Negotiations appeared first on GoldSilver.

  • Treasury Yields Drop After Surprise Decline in Producer Prices Points to Economic Cooling

    US Treasury bonds rallied as new economic data showed slowing economic activity and inflation, strengthening expectations for two Federal Reserve interest rate cuts in 2025. Two-year and 10-year yields dropped by about 10 basis points. Market traders are now pricing in rate cuts as early as September, despite major Wall Street firms recently pushing back their forecasts for Fed action. Meanwhile, concerns about the US fiscal outlook remain, with Republican tax cut plans and high government debt potentially risking higher inflation and long-term interest rates. The post Treasury Yields Drop After Surprise Decline in Producer Prices Points to Economic Cooling appeared first on GoldSilver.

  • Trade Tensions vs. Inflation Data: What’s Really Driving Gold’s Wild Swings?

    Gold prices experienced significant volatility on Thursday, initially dropping to $3,120 per ounce before rebounding by more than $100 during the day. This movement was caused by two opposing factors: reduced demand for safe havens as US trade tensions eased, and weak US inflation data that strengthened expectations for interest rate cuts. Commerzbank analyst Thu Lan Nguyen believes that trade conflict developments will ultimately have a stronger influence on gold prices than economic data, and predicts that if more trade deals are announced, gold prices will likely continue declining. The post Trade Tensions vs. Inflation Data: What’s Really Driving Gold’s Wild Swings? appeared first on GoldSilver.

  • “Better to Wait”: Chinese Mining Leader Cautious on Acquisitions Despite Record Gold Rally

    Chinese gold company Chifeng Gold is looking for acquisition opportunities worldwide but is being cautious due to recent price fluctuations. The company has grown rapidly, increasing its gold output from 2 tons in 2019 to 15.2 tons in 2023 through mines in China, Ghana, and Laos. After raising $361 million in its Hong Kong listing in March (which saw shares jump 80%), the company is well-positioned for acquisitions. However, with gold prices recently dropping 8% from record highs, CEO Lydia Yang says they’re taking a careful approach to deals until market conditions stabilize. The post “Better to Wait”: Chinese Mining Leader Cautious on Acquisitions Despite Record Gold Rally appeared first on GoldSilver.

  • Asian Gold Buyers Return as Prices Pull Back from Record Highs

    Gold demand across key Asian markets improved this week as prices dropped from recent highs. In India, dealers offered discounts of $34 per ounce, with traders suggesting demand could surge further if prices fall to around 90,000 rupees. Chinese dealers charged premiums of $9-$50 per ounce, with analysts noting the price correction encouraged “bargain hunting.” Markets in Hong Kong, Singapore, and Japan also saw increased activity, with Japanese traders reporting strong purchases from the general public during the price dip. The post Asian Gold Buyers Return as Prices Pull Back from Record Highs appeared first on GoldSilver.

  • Gold Pulls Back from Record Highs as Global Trade Relations Improve

    Gold prices fell by as much as 1.4%, trading near $3,200 an ounce and extending its weekly loss of approximately 3.5%. This decline follows two main factors: profit-taking after recent gains and reduced safe-haven demand due to improving US-China trade relations. According to Christopher Wong of Oversea-Chinese Banking Corp, gold is experiencing “fatigue” as reduced trade tensions ease market uncertainty. Despite the current decline, gold has appreciated more than 20% this year and remains an important portfolio diversifier according to UBS Group’s chief investment officer. The metal’s strong performance has been driven by increased demand for gold-backed ETFs, substantial central The post Gold Pulls Back from Record Highs as Global Trade 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

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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.

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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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Crypto News

  • Bitcoin Nears Golden Cross Weeks After 'Trapping Bears' as U.S. Debt Concerns Mount

    BTC nears golden cross, as Moody's downgrade validates bond markets' concerns about the sustainability of the U.S. fiscal debt.

  • Here’s what happened in crypto today

    Today in crypto, retired artist Ed Suman lost over $2 million in crypto after falling victim to a Coinbase impersonation scam, Moody’s degrades US credit rating, and Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to analyst Scott Melker.Retired artist loses $2M in crypto to Coinbase impersonatorRetired artist Ed Suman lost over $2 million in cryptocurrency earlier this year after falling victim to a scam involving someone posing as a Coinbase support representative.Suman, 67, spent nearly two decades as a fabricator in the art world, helping build high-profile works such as Jeff Koons’ Balloon Dog sculptures, according to a May 17 report by Bloomberg.After retiring, he turned to cryptocurrency investing, eventually accumulating 17.5 Bitcoin and 225 Ether — a portfolio that comprised most of his retirement savings.He stored the funds in a Trezor Model One, a hardware wallet commonly used by crypto holders to avoid the risks of exchange hacks. But in March, Suman received a text message appearing to be from Coinbase, warning him of unauthorized account access.After responding, he got a phone call from a man identifying himself as a Coinbase security staffer named Brett Miller. The caller appeared knowledgeable, correctly stating that Suman’s funds were stored in a hardware wallet.He then convinced Suman that his wallet could still be vulnerable and walked him through a “security procedure” that involved entering his seed phrase into a website mimicking Coinbase’s interface.Nine days later, a second caller claiming to be from Coinbase repeated the process. By the end of that call, all of Suman’s crypto holdings were gone.Crypto scammers impersonate Coinbase support. Source: NanoBaiterMoody's rating agency degrades US credit ratingMoody's, one of the major credit ratings agencies, downgraded the US government's creditworthiness from Aaa to Aa1 on May 16, citing increased deficits and a mounting national debt.According to the announcement, the agency forecasts higher US government debt, fueled by increasing interest expense on the debt, and a lack of cost-cutting measures curtailing government spending. The report noted:"Over the next decade, we expect larger deficits as entitlement spending rises while government revenue remains broadly flat. In turn, persistent, large fiscal deficits will drive the government's debt and interest burden higher.""The US' fiscal performance is likely to deteriorate relative to its own past and compared to other highly-rated sovereigns," the newly revised credit outlook predicted.The United States national debt is more than $36 trillion and growing. Source: US Debt ClockBitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott MelkerBitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to Scott Melker, a crypto analyst and host of The Wolf of All Streets podcast.Speaking in a recent interview, Melker cited growing institutional interest and diminishing volatility as key factors that could drive the next leg up.“250K this year, totally possible,” Melker said, adding that Bitcoin’s volatility has declined significantly in recent years.“It used to be about three times as volatile as the S&P. Now it’s less than two times.” He pointed to increased involvement from pension funds and ETF issuers as evidence of a more mature, stable market.The shift, he argued, reflects a broader trend of institutional adoption. “The more institutional money, the more Wall Street money, the more long-term holders get involved, the less volatility there’s going to be,” Melker explained.

  • BTC price to $116K next? Bitcoin trader sees 'early week' all-time high

    Key points:Bitcoin is convincing traders that an upside breakout is around the corner, with all-time highs in sight.One target demands $116,000 next week, moving BTC/USD firmly out of its narrow range.A quick dip before continuing higher is among the options for BTC price action into the new week.Bitcoin (BTC) reduced volatility to a minimum into the May 18 weekly close as traders bet on a fresh breakout.BTC/USD 4-hour chart. Source: Cointelegraph/TradingViewBTC price brews classic breakout signalData from Cointelegraph Markets Pro and TradingView showed the area around $103,000 acting as a BTC price magnet throughout the weekend.Now barely fluctuating up or down, BTC/USD was primed for a liquidity grab, with $105,000 and $103,000 both targets, data from monitoring resource CoinGlass confirmed.BTC liquidation heatmap. Source: CoinGlassCommenting on the current market structure, traders remained broadly bullish, anticipating a rematch with all-time highs and the return of price discovery.“Next early week Bitcoin target: $116,000,” popular trader Alan summarized in his latest short-term prediction on X.An accompanying chart underscored the lack of volatility characterizing BTC/USD over the past week.“$BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a Breakout,” Alan added.BTC/USD 4-hour chart. Source: Trader Tardigrade/XFellow trader Mikybull Crypto described the market structure as an “intraday diamond pattern breakout.”$BTC INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com/gMGMub7nTt— Mikybull 🐂Crypto (@MikybullCrypto) May 18, 2025“With the recent run up we've seen a consistent Coinbase spot premium. This is good and show there's solid demand,” trader Daan Crypto Trades continued, referring to promising US buyer support fueling Bitcoin’s return to six figures.Qualms over outstanding resistanceMore conservative perspectives were confined to a temporary pullback before the upside resumed.Related: Bitcoin hitting $220K ‘reasonable’ in 2025, says gold-based forecast“Slow week and Bitcoin hasn't been able to break resistance so far, which still makes me think that this scenario might be possibly in play,” trader CrypNuevo suggested.BTC/USDT 1-day chart. Source: CrypNuevo/XDaan Crypto Trades added that against stocks, Bitcoin had yet to beat out final resistance.$BTC Has failed to push higher relative to stocks.The recent relative weakness has come after the US has made a "Deal" with China.This does show that BTC has turned into this asset which gets interesting for investors when outflows and uncertainty happens elsewhere.So while… https://t.co/hShAZxGM21 pic.twitter.com/UEPZNGWjff— Daan Crypto Trades (@DaanCrypto) May 17, 2025As Cointelegraph reported, longer-term concerns include a full retrace of the relief bounce, which rescued BTC/USD from multimonth lows near $75,000 in April.A sweep of levels closer to $90,000 is also on the radar.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.

  • ‘Bitcoin Standard’ author backs funding dev to make spamming Bitcoin costly

    Economist and author of The Bitcoin Standard, Saifedean Ammous, has weighed in on the ongoing debate over spam inscriptions on the Bitcoin network, suggesting he would “throw in a few sats” to fund a full-time developer focused on making Bitcoin spamming more difficult and expensive.Ammous made the remarks in response to a thread initiated by the pseudonymous developer GrassFedBitcoin, who called for Bitcoin Core to merge pull request #28408, which would enable node operators to filter inscriptions more easily.According to GrassFedBitcoin, the lack of inscription filtering tools contributes to unnecessary blockchain bloat and undermines Bitcoin (BTC)’s role as a monetary protocol.“No one running a node wants to relay inscriptions,” he wrote, arguing that the OP_RETURN limit increases were justified in the past under false assumptions. He pushed for a configurable, default policy discouraging the use of Bitcoin for storing JPEGs rather than monetary data.Blockstream CEO Adam Back challenged the proposal, describing inscription filtering as an “arms race.” He noted that spam data embedded in Bitcoin transactions can be endlessly modified using code structures, requiring constant updates to filtering tools.Source: Adam BackRelated: Bitcoin Ordinals vs. Ethereum NFTs: A comparative overviewAmmous compares Bitcoin spam to emailAmmous compared the Bitcoin spam issue to email spam — another arms race society continues to fight without abandoning the system.“It’s not easy, but it’s worth trying to help bankrupt the spammers faster,” Ammous said. He argued that fighting spam is not censorship, noting that node operators already reject invalid transactions.“So a node runner looking to remove retards' spam is no less valid than retards' spam,” he added.The debate drew commentary from other users. One participant suggested Core developers treat spam-coding employees at certain startups as “unwilling QA engineers” and simply unstandardize every trick they deploy.Ammous took it further, proposing to “deprecate” the work of developers building spam tools and even hiring outside coders to overwhelm their systems.Source: Saifedean AmmousThe conversation reflects ongoing tensions in the Bitcoin community over the network’s intended use. With inscriptions continuing to congest the network, calls for technical countermeasures — and pointed critiques of those defending spam — are growing louder.In a Feb. 4 report, Mempool Research said the adoption of inscriptions could drive the Bitcoin network’s average block size as high as 4 megabytes (MB) per block, far higher than current averages.Bitcoin’s average block size — the amount of data in each block posted to the network’s public ledger — is currently around 1.5 MB.Magazine: Arthur Hayes $1M Bitcoin tip, altcoins’ powerful rally’ looms: Hodler’s Digest, May 11 – 17

  • XRP Price Surges After V-Shaped Recovery, Targets $3.40

    Institutional buyers step in after sharp sell-off, establishing strong support at critical levels.

What to Expect

I expect that the world is entering a time where there will be resource scarcity due to the under development of natural resources in global systems, global order and global supply chains. It is now more important than ever to understand the opportunities and the risks involved in natural resource investing. I promise you that I will bring you the best unfiltered information on natural resources, investing and global events. Whether you are a seasoned investor or just starting out, you’ll find valuable insights in the videos and on the podcast.