What does the USA do now? Plus, Aurum Resources

Critical metals. What a joke they are on investors! They are strategic, not critical. The last two weeks have shown us that nothing is more critical than oil. Alternative and renewable energy sources are useful but they are just garnishes on the World's energy mix. The turmoil we are witnessing now shows how important oil continues to be. There is no future without it.

The world is waiting to see what America does now with Iran. It needs to act quickly if it is going to avoid the global consequences going pear-shaped. Everyone is looking at the inflationary consequences of Trump's actions and that inevitably means higher interest rates. Markets hate rising interest rates. The stock market will remain volatile while Trump flips and flops with messages he is sending out, but once higher interest rates become entrenched, the negative impact will be more consequential. Trump does not want higher interest rates in the US, but it difficult to see how they can be avoided.

Commodity prices are jumping around on geopolitical news rather than any discernible trends. Oil prices are moving higher due to the restrictions on shipping through the Strait of Hormuz. This also caused fertiliser prices to move higher again. Gold and silver prices were serious casualties last week, probably due to the move to liquidity as well as expectation on interest rates. All previous expectations are on hold until we learn what the USA and Trump are really doing.

This week we cover two more Cote d'Ivoire stocks; Aurum Resources and Turaco gold with 3 Moz and 4.6 Moz respectively.
 

 WeeklyComm21March2026.pdf