Earnings360 Newsletter for 7/11/2024

Saudi Arabia quietly terminated its 1974 petrodollar agreement with the U.S. - the deal that forced every country to hold U.S. Treasuries for 50 years. Since then, Saudi Arabia has signed a $7 billion currency swap with China, begun settling oil in digital yuan, and joined China's mBridge cross-border payment system.

With dollar demand falling and 10-year Treasury yields pushing toward the 4.4% threshold, gold analyst Garrett Goggin, CFA, CMT sees a major repricing ahead - and says the best opportunity isn't physical gold, but an asset still trading at a steep discount relative to current gold prices.

MP Materials jumped 111% in one week. Lithium Americas surged 194% in two weeks. Trilogy Metals climbed 211% overnight. Those were the small plays - grants measured in millions from Trump's National Energy Dominance Council.

Now $5 trillion is on the table to rebuild the American power grid, and one company is positioned at the center of the largest infrastructure project in U.S. history.