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AI is driving consumer energy costs higher: The RGGI carbon price, which covers CO2 emissions from power plants across 10 northeastern US states, jumped +31% last week, to $47 per metric ton, the highest in at least 4 years. This increase briefly pushed RGGI prices past California's record CO2 price of $44 set in 2024. In other words, AI-driven power demand in the Northeast is repricing carbon risk faster than California's broader economy-wide market, with RGGI having historically traded at a fraction of California's price. This comes amid anticipation of Virginia's planned return to the market in July which will sharply increase demand for carbon permits, as this state contains a large amount of AI data centers. This is adding further pressure to consumer electricity bills, which are already rising due to the AI-driven boom in power demand. The AI buildout is redefining energy markets.

Global central bank gold purchases remain historically elevated in 2026, though the pace has moderated slightly compared to the record-breaking levels seen between 2022 and 2024. In Q1 2026, central banks collectively net purchased 244 tonnes of gold. While this was a 17% increase from the previous quarter (Q4 2025), total annual demand for 2026 is projected to be around 850 tonnes, slightly lower than the 863 tonnes recorded in 2025. Key Trends & Market Activity (2026) Price Sensitivity: Central banks have shown tactical flexibility, slowing their accumulation when gold prices surged above $5,000 per ounce in March 2026. Leading Buyers: Poland (National Bank of Poland): The world's leading buyer so far in 2026, adding 31 tonnes in Q1 toward a long-term target of 700 tonnes. China (PBOC): Continues a long-term accumulation trend, adding roughly 44 tonnes between late 2024 and early 2026. Uzbekistan & Kazakhstan: Both nations remain consistent net buyers in 2026, driven by reserve diversification. Emerging Buyers: New interest has emerged from central banks in Southeast Asia (Malaysia) and Africa (Uganda and Kenya) as they seek to buffer their economies against international financial risks. Notable Sellers: Russia and Turkey have been among the primary sellers in early 2026, largely utilizing gold reserves to manage currency and fiscal pressures. Strategic Rationale Central banks currently account for roughly 18-19% of global gold demand. The primary drivers for this sustained demand include: Geopolitical Tensions: Increasing polarization and regional conflicts (e.g., US-Iran tensions) have reinforced gold's role as a "safe haven" asset. Inflation Hedging: Persistent global inflation has prompted central banks to move away from fiat-heavy reserves. De-dollarization: A structural shift toward a multi-polar world order is encouraging nations to hold tangible, non-sovereign assets.

Palantir Technologies Inc (NASDAQ:PLTR) is currently experiencing significant price volatility following the release of its Q1 2026 earnings report on May 4, 2026. Despite reporting "blowout" results that exceeded analyst expectations for both revenue and earnings, the stock has traded lower during the May 5 session. Price Action (as of May 5, 2026) As of approximately 11:54 AM EDT, Palantir's stock is trading at $136.36, representing a decrease of 2.61% from its previous close. Intraday Range: $136.23 – $142.98 Previous Close: $146.03 YTD Performance: The stock has fallen approximately 18% so far in 2026, even as the company reports record-breaking growth. 52-Week Range: $105.32 – $207.52 Latest News: Q1 2026 Earnings Highlights Palantir reported first-quarter results that shattered several internal and industry records. Key financial metrics include: Revenue: $1.63 billion, up 85% year-over-year, beating the consensus estimate of $1.54 billion. Adjusted EPS: $0.33, significantly higher than the expected $0.28. U.S. Commercial Growth: This segment was a major driver, with revenue jumping 133% year-over-year to $595 million. U.S. Government Revenue: Rose 84% to $687 million, fueled by strong defense demand. Rule of 40 Score: The company achieved a score of 145%, a metric management noted is rarely reached by software companies at this scale. Updated 2026 Outlook Following the strong quarter, management raised its full-year 2026 guidance: Annual Revenue: Increased to a range of $7.65 billion to $7.66 billion, up from the previous forecast of $7.18 billion to $7.20 billion. Free Cash Flow: Guidance raised to $4.2 billion – $4.4 billion. Why is the stock falling? Despite the "beat and raise," analysts suggest the decline may be due to valuation concerns, as the company currently trades at a high forward P/E ratio (approx. 150-195), leaving little room for error in a volatile market. Additionally, some investors expressed concerns about potential underinvestment in engineering resources to keep up with the booming demand.

Wall Street is currently experiencing one of its strongest earnings seasons in recent years. As of May 2026, the Q1 reporting season for the S&P 500 (INDEXSP:.INX) has significantly exceeded historical norms in both the frequency and magnitude of earnings beats. Current Season Performance With roughly 63% of S&P 500 companies having reported, the results are remarkably strong: Earnings Beats: 84% of companies have reported a positive earnings-per-share (EPS) surprise, which is higher than the 5-year average of 78% and the 10-year average of 76%. Growth Rate: The blended year-over-year earnings growth rate stands at 27.1%. If this holds, it will be the sharpest quarterly growth in four years (since Q4 2021) and the sixth consecutive quarter of double-digit expansion. Revenue Beats: 81% of companies have exceeded revenue forecasts, also tracking above long-term averages. Surprise Magnitude: On average, companies are beating estimates by 12.3%, well above the 10-year average of 7.1%. Historical Context This season is reaching historical milestones. An 84% beat rate would be the highest since Q2 2021. Furthermore, the aggregate net profit margin for the S&P 500 has reached a record 13.4%, the highest level since tracking began in 2009. This resilience is notable given elevated interest rates and geopolitical tensions. Future Growth Implications Historical trends suggest that persistent earnings growth often anchors market performance, though high valuations remain a risk. Full-Year Projections: Analysts are forecasting full-year 2026 earnings growth of 17.4%, with double-digit growth expected to continue through 2027. Market Targets: Major institutions like Goldman Sachs (NYSE:GS) have raised year-end targets for the S&P 500 to 7,600, citing "earnings durability" as a primary driver. Key Drivers: Future growth is expected to be fueled by artificial intelligence productivity gains, a softer U.S. dollar, and stable U.S. GDP growth (projected at 2.6% for 2026). Potential Risks: While optimism is high, current valuations (P/E ratio of ~20.9x) are above the 10-year average of 18.9x. Historically, when earnings deviate too far above long-term economic trends, they eventually revert to the mean, which could trigger market volatility if future growth slows.

Crude oil prices are easing today, May 5, 2026, after hitting their highest levels of the year earlier this week. While prices remain historically high above $100 per barrel due to ongoing conflict in the Middle East, they have pulled back from a sharp spike following news of U.S. naval operations to reopen the Strait of Hormuz. Current Prices BenchmarkPrice (May 5, 2026)Change Brent Crude~$111.00 – $112.90Down ~1.4% to 3% WTI Crude~$102.65 – $104.20Down ~2% to 3% Key Market News Strait of Hormuz Reopening: Prices fell on Tuesday as the U.S. Navy initiated operations to clear the Iranian blockade of the Strait of Hormuz. Maersk confirmed that a U.S.-flagged vessel successfully navigated the passage under military escort, easing immediate supply fears. Ceasefire Hopes: U.S. officials stated that a ceasefire between the U.S. and Iran technically remains in place, despite fresh attacks on a major oil port in the United Arab Emirates (UAE). Escalation Risks: The market remains volatile after Iran launched missiles and drones at UAE infrastructure on Monday, causing a fire at the Fujairah oil hub. Analysts warn that if a permanent agreement isn't reached, prices could eventually target $150 per barrel. Economic Impact: The sustained high prices (Brent up over 78% year-over-year) are driving sharp increases in U.S. gasoline prices, which hit a national average of $4.46 per gallon this week.

The @InvescoUS QQQ Trust ETF (NASDAQ:QQQ) has seen a significant surge in demand recently, following a period of volatility earlier in 2026. As of May 5, 2026, the fund is experiencing robust positive momentum. Recent Fund Flow Data After facing net outflows of approximately $5.05 billion in March 2026 due to market rotation, investor sentiment has shifted sharply back toward the tech-heavy index. PeriodNet Inflows/Outflows Past 5 Days+$2.07 Billion Past Month (April 2026)+$8.60 Billion Past Year+$18.48 Billion Data as of May 1, 2026. Key Drivers for 2026 Inflows Earnings Performance: Strong quarterly reports from major holdings like @Microsoft (NASDAQ:MSFT) and @Meta (NASDAQ:META) have revitalized confidence in the "Magnificent Seven" stocks. AI Growth Narrative: Continued heavy investment in AI infrastructure is driving earnings growth forecasts for the tech sector significantly higher than the broader S&P 500. Asset Growth: QQQ continues to lead as one of the largest tech-focused ETFs, with total Assets Under Management (AUM) exceeding $130 billion.

@Intel (NASDAQ:INTC) stock is experiencing a historic surge, jumping roughly 10–12% today, May 5, 2026, to reach new all-time highs of approximately $105–$107. This rally follows reports of exploratory discussions with @Apple (NASDAQ:AAPL) regarding chip-manufacturing services, a potential massive win for Intel's foundry business as Apple looks to diversify its supply chain beyond TSMC. Recent Performance & Financials Earnings Beat: On April 23, Intel reported a substantial Q1 2026 earnings beat, with EPS of $0.29—far exceeding the forecasted $0.02. Revenue rose 7% year-over-year to $13.58 billion, driven by a 22% jump in Data Center and AI (DCAI) revenue. Foundry Momentum: Intel Foundry revenue grew 20% sequentially to $5.4 billion. Strategic partnerships with companies like @Google (NASDAQ:GOOGL), @Tesla (NASDAQ:TSLA), and SpaceX for AI infrastructure and "Terafab" projects have significantly improved investor sentiment. Annual Growth: The stock has seen an extraordinary turnaround, rising more than 400% from its decade-lows in mid-2025. Key Strategic Updates Leadership Change: Investors have largely credited CEO Lip-Bu Tan for the company's aggressive execution and "renaissance" in the AI and foundry space. Manufacturing Expansion: Intel recently expanded its advanced packaging capacity in Malaysia and repurchased a 49% stake in its Ireland Fab 34 facility for $14.2 billion. Government Backing: Intel's strategic importance has been bolstered by a 10% U.S. government stake, further positioning it as a critical domestic semiconductor infrastructure partner.

@GameStop (NYSE:GME) has launched an audacious $55.5 billion unsolicited bid to acquire @eBay (NASDAQ:EBAY). The Takeover Bid Details Offer Price: GameStop is proposing to buy 100% of eBay for $125.00 per share. Deal Structure: The offer consists of 50% cash and 50% GameStop stock. The Goal: CEO Ryan Cohen aims to transform GameStop into a global e-commerce powerhouse and a legitimate rival to Amazon by leveraging eBay’s marketplace and GameStop’s 1,600 U.S. stores as authentication and shipping hubs. Current Standing: GameStop has already accumulated a 5% economic stake in eBay and is prepared to pursue a hostile takeover or proxy fight if the board resists. Financial Context & Market Reaction The move is being described as a "reverse takeover" because eBay's market capitalization (approx. $46 billion) is nearly four times that of GameStop (approx. $12 billion). GameStop (NYSE:GME): Shares recently rose to around $26.53 in post-market trading following the news. The company has roughly $9.4 billion in cash and has reportedly secured an additional $20 billion in debt financing commitments from TD Bank. eBay (NASDAQ:EBAY): Shares surged to over $100 following the bid. Independently, eBay reported strong Q1 2026 results with $3.1 billion in revenue and a new agreement to acquire the fashion marketplace Depop for $1.2 billion.

@gamestop (NYSE:GME) has launched an audacious $55.5 billion unsolicited bid to acquire @eBay (NASDAQ:EBAY). The Takeover Bid Details Offer Price: GameStop is proposing to buy 100% of eBay for $125.00 per share. Deal Structure: The offer consists of 50% cash and 50% GameStop stock. The Goal: CEO Ryan Cohen aims to transform GameStop into a global e-commerce powerhouse and a legitimate rival to Amazon by leveraging eBay’s marketplace and GameStop’s 1,600 U.S. stores as authentication and shipping hubs. Current Standing: GameStop has already accumulated a 5% economic stake in eBay and is prepared to pursue a hostile takeover or proxy fight if the board resists. Financial Context & Market Reaction The move is being described as a "reverse takeover" because eBay's market capitalization (approx. $46 billion) is nearly four times that of GameStop (approx. $12 billion). GameStop (NYSE:GME): Shares recently rose to around $26.53 in post-market trading following the news. The company has roughly $9.4 billion in cash and has reportedly secured an additional $20 billion in debt financing commitments from TD Bank. eBay (NASDAQ:EBAY): Shares surged to over $100 following the bid. Independently, eBay reported strong Q1 2026 results with $3.1 billion in revenue and a new agreement to acquire the fashion marketplace Depop for $1.2 billion.

The junior mining sector is currently experiencing a period of consolidation as of May 5, 2026, following a volatile start to the year. While broad junior indices like the VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) have seen significant 1-year growth of nearly 97%, recent weeks have seen a sharp correction of approximately 26% from February peaks as investors rotate positions. Key Sector Movements Today Gold and Silver Consolidation: Gold is currently stabilizing around the $4,500–$4,600/oz mark after record highs in early 2026. Silver has shown stronger relative performance, recently up 2.40% to roughly $75.47/oz, driven by a compounding physical deficit and industrial demand from solar manufacturing. Active Corporate Activity: • Drilling Success: @AdytonResources (TSXV:ADY) reported new high-grade gold zones in Papua New Guinea, and @RYR_RoyalRoad (TSXV:RYR) announced gold-copper-silver intercepts in Colombia. • Financing: @TroilusMining (TSX:TLG) upsized its debt financing mandate to $1.2 billion for its copper-gold project in Quebec, signaling strong lender support for advanced-stage juniors. • M&A and Battles: @AmEagleGold is reportedly wrestling for control of Pacific Booker, highlighting increased competition for strategic assets. Sector Trends for 2026 Copper Demand: Juniors are increasingly pivoting toward "critical minerals" like copper and lithium to meet decarbonization needs. Cost Pressures: Despite high metal prices, miners are facing elevated "All-in Sustaining Costs" (AISC) due to rising diesel and energy prices. Production Outlook: Projections suggest junior mining stocks may grow 18% faster than established majors in 2026 as mid-tier producers continue to outperform the market.

‘Write-Downs To Zero’: The $1.8 Trillion Private Credit Warning - Danielle DiMartino Booth We are breaking down the latest Federal Reserve split, Jamie Dimon's private credit warning, and why the K-shaped economy is masking a hidden middle-class recession. Kitco News Anchor Jeremy Szafron sits down with Fed insider Danielle DiMartino Booth, CEO of QI Research, to expose the real data behind the Wall Street headlines. >> Full video at Kitco: youtube.com/watch?v=YMr9Hr… From the largest Fed committee dissent since 1992 to major private credit write-downs and hidden job losses in the labor market, DiMartino Booth explains why the central bank may be "too late" to the easing process. The discussion also covers commercial real estate stress, the freezing housing market, how AI is impacting temporary employment, and what Tether's $20 billion physical gold hoard signals for the U.S. dollar and global capital flows. Recorded May 1 2026 What is the real inflation rate you are experiencing in your city right now? Let us know in the comments below! Follow Jeremy Szafron on X: @JeremySzafron Follow Kitco News on X: @KitcoNewsNOW Follow Danielle DiMartino Booth on X: @DiMartinoBooth Timestamps: 00:00 Markets Send Mixed Signals 00:57 Fed Dissent And What It Means 02:34 Warsch Era And Hidden Labor Data 05:42 Bond Yields And CRE Stress 07:12 Private Credit Cracks Widen 10:45 K Shaped Economy Reality Check 12:52 Consumers Tapped Out And Travel Slump 14:07 Housing Freeze And Layoff Pressure 15:11 Jobs Data Mirage And AI Temps 18:25 Global Flows Gold And Final Takeaways

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John Feneck on KITCO live afternoon May 1  youtube.com/watch?v=bBOdEL… Highlights: 0:45 price action in sector March-April 2026...last peak was 3/2/26. 1:25  Citi is the only "big bank" to slash 2026 gold forecasts...this is bullish 2:33  Earnings on producers & diesel costs 3:10  Silver earnings in May may surprise to the upside in some cases (we own PAAS, USAS, SLVP, SILJ, others) 4:18  John discusses the current value in gold explorers & developers 5:58  Yukon 6:20  Banyan Gold 6:30  Triumph Gold (TIGCF, TIG) 6:52 Paul on Banyan 7:17  John on Triumph's (TIGCF, TIG) low valuation vs peers despite having 1.9mil oz of gold...trading at an RSI of around 30-31 at recording 8:20 John on having gold oz in the ground that exceed 3mil oz mark 8:39  Upside Gold (UGODF, UG) has a path to 4.5mil gold oz by summer 2026...Here is the interview John and Don did with them a few weeks ago: Upside Gold ($UG | $UGODF): District-Scale Gold-Copper Project | Don Durrett & John Feneck Interview  Don likes this stock as well, and did his own interview a few days ago to ask addl questions of the CEO 9:29 permitting is important...even in the US things are "not created equal" 9:49  Paramount Gold PZG is being fast-tracked toward gold production in the USA 10:25 Arizona Metals and their bad PEA...John answers at 10:55 11:18  John talks downside risks in mining & importance of knowing when PEA or PFS is coming on a stock 13:56  John on silver deficit and how it relates to China 15:07  nickel 15:34  John on nickel prices 2022-2026 and mentions 2 nickel names below: 16:15  Stillwater Critical (PGEZF, PGE) and Sibanye (SBSW) 17:10  Power Metallic Mines (PNPNF, PNPN) and savecanadianmining.com they have hit massive copper holes the past 2 years and have a polymetallic deposit that the market likely doesnt fully appreciate 18:00 Paul on a $2.8 billion deal in rare earths in Brazil 18:34  John comments on US vs China in rare earths ... the Nov 2025 "deal" between the countries is ridiculous 19:17-20:19  Eastport Critical (EVIIF, EVI) has rare earths "at surface" ...but they also have gold, uranium, copper and nickel 20:25  John's 2 US conferences May 17-19 in Wash DC and May 20-22 in Ft Lauderdale Florida - how they differ from other conferences. Investors have the opportunity to call CEOs at the conference for free... please email John at john.feneck@yahoo.com for addl info 21:40  John's 2 US events will feature not just gold/silver but also critical minerals like tungsten (WSRIF, SPRMF), antimony (NZAUF, USAS), and niobium (NIOMF)

We are seeing a historic earnings boom. The current year-over-year blended earnings growth rate for the S&P 500 is a whopping +27.1%, more than DOUBLE the +13.1% expected. With ~63% of S&P 500 companies reporting Q1 earnings thus far, we are on track for the highest earnings growth rate since Q4 2021. Meanwhile, Magnificent 7 companies alone are now guiding over $700 BILLION in CapEx spend for 2026 alone. There has never been a more historic time to own assets than now. Asset owners are winning.

#Gold chart looking positive as a higher low seems to have been made. Could a new uptrend be forming?

Silver looks poised for its next big move 🚨 Getting close 👀

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🚨 SILVER JUST EXPLODED TO $76.89 🚀 Up 3.87% this morning and ripping with serious momentum. Get the key levels. Join our Substack. → wallstreetgold.substack.com

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#Silver is continuing its strong move higher. A solid close above $81 is the base case for a continued move higher and assault on $90+, but it needs to stay above the $71 low that it has just made and bounced off-of. So far so good.