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<title>Cannabis Clubs Approved in Hesse as Youth Interest in Cannabis Declines</title>
<link>https://born2invest.com/articles/cannabis-clubs-hesse-interest-in-cannabis/</link>
<dc:creator><![CDATA[Arturo Garcia]]></dc:creator>
<pubDate>Tue, 01 Jul 2025 14:30:00 +0000</pubDate>
<category><![CDATA[Cannabis]]></category>
<category><![CDATA[cannabis clubs]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[german cannabis clubs]]></category>
<category><![CDATA[German cannabis law]]></category>
<category><![CDATA[Hesse]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=657060</guid>
<description><![CDATA[Ten cannabis clubs in Hesse, Germany, have received approval to legally cultivate marijuana under strict regulations. Despite broader access, youth interest is declining. A Frankfurt study shows only 22% of 15- to 18-year-olds have tried cannabis—the lowest rate since 2002. Fears of increased youth use following partial legalization have not materialized.]]></description>
<content:encoded><![CDATA[
<a href="https://born2invest.com/articles/cannabis-clubs-germany-increased/" target="_blank" rel="noreferrer noopener">Cannabis clubs in Germany </a>have been legally allowed to cultivate cannabis for a year, but only under strict regulations and exclusively for their members. 
In the state of Hesse, ten such cultivation clubs have received official approval so far. This was announced over the weekend by the regional council in Darmstadt, which is responsible for the process.
<h3 class="wp-block-heading">Strict regulations guide legal cultivation in Hesse’s cannabis clubs, while youth consumption hits a record low</h3>
A total of 38 applications have been submitted. The cannabis clubs that received approval are located in cities and districts such as Frankfurt, Darmstadt, Offenbach, Fulda, and Kassel. Additional approved clubs are found in the Gießen district (two), as well as in the Vogelsberg, Wetterau, Limburg-Weilburg, and Waldeck-Frankenberg districts.
The permits come with detailed regulations. Anyone who wants to found a cannabis cultivation club must provide exact details, including the location of cultivation, the quantity to be grown, the number of participating members, and whether they will produce marijuana or hashish.
Since April 1st, 2024, individuals in Germany have been allowed to privately grow up to three cannabis plants. In addition, the legal framework for community cultivation in clubs came into effect on July 1st, 2024. 
<h3 class="wp-block-heading">In theory, this allows for the creation of over 1,000 such cannabis clubs in Hesse</h3>
Despite increased availability, cannabis use among young people appears to be declining. This is based on early findings from the “MoSyD” (Monitoring System for Drug Trends) study, conducted regularly by the city of Frankfurt. Since 2002, around 1,500 students aged 15 and older in Frankfurt have been surveyed each year for the study.
Currently, only 22 percent of 15- to 18-year-olds in Frankfurt report ever having smoked cannabis. This marks the lowest level recorded since the study began. Study leader Bernd Werse stated that fears about increased cannabis use among adolescents and young adults due to partial legalization have not been confirmed.
In summary, while community cannabis cultivation is now legally permitted in Germany under tight control, interest among young people in consuming the drug appears to be waning.
__
(Featured image by <a href="https://unsplash.com/photos/man-smoking-cigarette-during-daytime-wbd1nT-rJ1Y" target="_blank" rel="noopener">Elsa Olofsson</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">important disclosures</a>.
First published in <a href="https://www.hessenschau.de/panorama/legaler-cannabis-verkauf-in-hessen-jugendliche-verlieren-das-interesse-v1,ein-jahr-cannabisclubs-hessen-100.html" target="_blank" rel="noopener">hessenschau</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/07/elsa-olofsson-wbd1nT-rJ1Y-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Elsa Olofsson via Unsplash)</photo_credit><tags>cannabis clubs,featured,german cannabis clubs,German cannabis law,Hesse</tags> </item>
<item>
<title>Robinhood Expands to Europe with Tokenized Stocks and Perpetual Futures</title>
<link>https://born2invest.com/articles/robinhood-europe-tokenized-stocks-perps/</link>
<dc:creator><![CDATA[Valerie Harrison]]></dc:creator>
<pubDate>Tue, 01 Jul 2025 13:30:00 +0000</pubDate>
<category><![CDATA[Fintech]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[perps]]></category>
<category><![CDATA[Robinhood]]></category>
<category><![CDATA[tokenized stocks]]></category>
<category><![CDATA[us trading platform]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=657039</guid>
<description><![CDATA[Robinhood is expanding in Europe by offering tokenized stocks and perpetual futures. Tokenized shares enable fractional, 24/7 trading of real stocks on the blockchain, while perps allow indefinite speculation without owning assets. European users gain flexible, secure access to global markets, innovative derivatives, and diversification—all within a regulated environment supporting modern financial strategies.]]></description>
<content:encoded><![CDATA[
Robinhood, known as an innovative US <a href="https://born2invest.com/articles/kraken-krak-peer-to-peer-payment-app/" target="_blank" rel="noreferrer noopener">trading platform</a>, is continuing its expansion. 
In a significant move, Robinhood is now offering trading in tokenized stocks and perpetual futures to European users. The company is responding to the growing demand for modern financial instruments and digital assets in Europe.
<h3 class="wp-block-heading">What are tokenized shares?</h3>
Tokenized shares are digital representations of real company stocks, stored on the blockchain. They allow you to trade fractional shares and thus participate in large companies with even small amounts. 
The tokens represent the ownership rights to the underlying stock and offer you flexibility and access to a global financial market – around the clock and without traditional trading hours.
<h3 class="wp-block-heading">Trading Perpetual Futures on Robinhood</h3>
Perpetual futures, also called “perps,” are open-ended futures contracts that allow you to speculate on the price performance of assets without having to own the underlying asset. Unlike traditional futures, they don’t expire and can be held indefinitely. This makes them particularly attractive for traders who want to react flexibly to market movements.
<h3 class="wp-block-heading">Benefits for European users</h3>
With the new offering, Robinhood offers European investors several advantages:
Broader diversification: Access to international stocks and cryptocurrencies in one portfolio.
Fractional trading: Invest even with small amounts.
24/7 trading: No traditional trading hours, but continuous trading opportunities.
Innovative derivatives: Use perpetual futures for advanced trading strategies.
<h3 class="wp-block-heading">Regulation and security </h3>
Robinhood places great emphasis on security and compliance. Its European products are offered in compliance with applicable regulations and are aimed at users who want to harness the potential of digital assets without compromising on security.
<h3 class="wp-block-heading">Conclusion: Robinhood brings new opportunities for investors in Europe</h3>
With the launch of tokenized stocks and perpetual futures, Robinhood opens up completely new opportunities for European investors. 
The combination of flexibility, innovative products, and easy accessibility makes the platform particularly attractive. If you’re looking for modern ways to diversify your portfolio and capitalize on the opportunities offered by blockchain technology, Robinhood now offers the right tools.
__
(Featured image by <a href="https://pixabay.com/photos/stock-trading-investing-stock-market-6525083/" target="_blank" rel="noopener">sergeitokmakov</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">important disclosures</a>.
First published in <a href="https://block-builders.de/robinhood-startet-handel-mit-tokenisierten-aktien-und-perpetual-futures-in-europa/" target="_blank" rel="noopener">BLOCK-BUILDERS.DE</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/07/stock-trading-6525083_1280-740x490.jpg</imageurl><photo_credit>(Featured image by sergeitokmakov via Unsplash)</photo_credit><tags>featured,perps,Robinhood,tokenized stocks,us trading platform</tags> </item>
<item>
<title>Ecnoglutide Shows Promise as Next-Generation Obesity Treatment</title>
<link>https://born2invest.com/articles/ecnoglutide-next-generation-obesity/</link>
<dc:creator><![CDATA[Eva Wesley]]></dc:creator>
<pubDate>Tue, 01 Jul 2025 12:30:00 +0000</pubDate>
<category><![CDATA[Biotech]]></category>
<category><![CDATA[ecnoglutide]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[GLP-1 receptor]]></category>
<category><![CDATA[obesity treatment]]></category>
<category><![CDATA[weight loss]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=657027</guid>
<description><![CDATA[Ecnoglutide, a once-weekly GLP-1 receptor agonist, showed up to 13.2% weight loss over 40 weeks in obese or overweight adults without diabetes in a Phase III trial. With a favorable safety profile and functional bias toward the cAMP pathway, it offers promise as a next-generation obesity drug. Most adverse events were mild and gastrointestinal.]]></description>
<content:encoded><![CDATA[
A novel drug, ecnoglutide, has demonstrated significant efficacy in <a href="https://born2invest.com/articles/acbp-fat-burning-tissue-suppression/" target="_blank" rel="noreferrer noopener">weight loss</a> in obese or overweight individuals without diabetes, according to the results of a Phase III clinical trial recently published in The Lancet Diabetes & Endocrinology. Administered once weekly, this GLP-1 receptor agonist with a novel functional bias led to weight reductions of up to 13% after 40 weeks of treatment, with a favorable safety profile.
The findings reinforce the therapeutic potential of this molecule as an emerging alternative within the growing group of GLP-1-based medications, which have transformed the approach to obesity in recent years.
<h3 class="wp-block-heading">Clinically significant weight reductions</h3>
The trial enrolled 664 adults with overweight or obesity (body mass index [BMI] ≥28 kg/m², or ≥24 kg/m² with associated comorbidities) and no diabetes diagnosis. They were randomly assigned to receive one of three weekly doses of ecnoglutide (1.2 mg, 1.8 mg, or 2.4 mg) or placebo for 40 weeks.
The results showed an average reduction in body weight of 9.1% at the lowest dose , 10.9% at the intermediate dose , and 13.2% at the highest dose , compared with a 0.1% change in the placebo group. In absolute terms, this equates to a weight loss of up to 13.8 kilograms, compared with 200 grams in the control group.
Furthermore, 87% of participants receiving the highest dose of ecnoglutide achieved at least a 5% reduction in body weight , a clinically relevant threshold. This proportion was 84% at the intermediate dose and 77% at the lowest dose, compared to only 16% in the placebo group.
<h3 class="wp-block-heading">Mechanism of action of ecnoglutide</h3>
Ecnoglutide belongs to a family of drugs that act as glucagon-like peptide-1 (GLP-1) receptor agonists, which stimulate insulin secretion, delay gastric emptying, and decrease appetite. What distinguishes this molecule from other well-known treatments, such as semaglutide or liraglutide , is its “functional bias” : it has been designed to preferentially favor the intracellular cyclic adenosine monophosphate (cAMP) pathway .
This bias toward cAMP may confer greater efficacy and less activation of other pathways that could be associated with adverse effects, although more comparative studies are needed to confirm these benefits, the study states.
Regarding safety, treatment-related adverse events were common but mostly mild to moderate and gastrointestinal in nature , such as nausea, vomiting, or diarrhea, following a similar profile to other GLP-1 inhibitors. Treatment-related adverse events were observed in 155 (93%) of 166 participants in the ecnoglutide 1.2 mg group, 154 (93%) of 166 participants in the ecnoglutide 1.8 mg group, 156 (93%) of 167 participants in the ecnoglutide 2.4 mg group, and 139 (84%) of 165 participants in the placebo group. Only 10 participants discontinued treatment due to these side effects, suggesting good overall tolerability.
The authors emphasize that no unexpected safety signals were detected during the 40-week study and highlight that most adverse events were transient and manageable.
<h3 class="wp-block-heading">New therapeutic options</h3>
With the growing number of people with obesity worldwide—more than 1 billion, according to the World Health Organization (WHO)—the need for effective, safe, and sustainable drug therapies is increasingly urgent. GLP-1 agonists have revolutionized this field, and ecnoglutide could represent a new generation of these drugs.
“In obese or overweight adults without diabetes, weekly administration of ecnoglutide resulted in superior and sustained body weight reduction compared with placebo, with a favorable safety profile,” the researchers concluded in the publication.
Although still under investigation, these results support its potential as a treatment for weight management , either as monotherapy or as part of a comprehensive approach along with diet, exercise, and lifestyle changes.
Following this Phase III trial, ecnoglutide’s efficacy will need to be confirmed in more diverse populations , including those with type 2 diabetes or other metabolic comorbidities. Its long-term impact on cardiovascular health markers, quality of life, and risk of more serious adverse events will also be assessed.
In addition, clinical development could include direct comparisons with other drugs in its class, such as semaglutide or tirzepatide, to determine whether differences in molecular mechanisms translate into relevant clinical benefits.
With a once-weekly formulation and a robust efficacy profile, ecnoglutide is emerging as a potential new pharmacological tool in the treatment of obesity, a complex chronic disease that requires a multidisciplinary and sustained approach.
__
(Featured image by <a href="https://unsplash.com/photos/four-people-leaning-on-table-1qS6wnebTsM" target="_blank" rel="noopener">AllGo – An App For Plus Size People</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">important disclosures</a>.
First published in <a href="https://gacetamedica.com/investigacion/nuevo-farmaco-reducir-peso-corporal-adultos-obesidad/" target="_blank" rel="noopener">GACETA MEDICA</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/07/allgo-an-app-for-plus-size-people-1qS6wnebTsM-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by AllGo - An App For Plus Size People via Unsplash)</photo_credit><tags>ecnoglutide,featured,GLP-1 receptor,obesity treatment,weight loss</tags> </item>
<item>
<title>Coffee Prices Decline Amid Rising Supply and Mixed Harvest Outlooks</title>
<link>https://born2invest.com/articles/coffee-prices-decline-rising-supply/</link>
<dc:creator><![CDATA[Jack Scoville]]></dc:creator>
<pubDate>Tue, 01 Jul 2025 11:30:00 +0000</pubDate>
<category><![CDATA[Markets]]></category>
<category><![CDATA[coffee markets]]></category>
<category><![CDATA[coffee prices]]></category>
<category><![CDATA[commodities markets]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[futures markets]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656979</guid>
<description><![CDATA[Coffee markets fell last week amid ongoing harvests in Brazil, Indonesia, and completed harvests in Vietnam. Despite cold weather in Brazil, damage was minimal. Prices have declined for weeks due to increased supply. Brazil’s Arabica harvest is expanding but expected to be smaller, as reports show many cherries have already fallen from the trees.]]></description>
<content:encoded><![CDATA[
Wheat: All three Wheat markets closed lower last week as growing and harvesting conditions were very good. Strong yields are reported for crops in HRW and SRW areas. It is hot and dry to the south, but the north saw rains last week to support Spring Wheat development. 
There are still reports that the weather has reduced production potential in Ukraine and Russia. Russia is forecasting a large reduction in Wheat production for the coming year. Winter crops in the Great Plains are reported to be in good condition, and Spring Wheat crops in the northern Great Plains and into Canada are generally in good condition.
<h3 class="wp-block-heading">Weekly Chicago Soft Red Winter Wheat Futures</h3>
<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-1024x487.png" alt="" class="wp-image-656981" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly Kansas City Hard Red Winter Wheat Futures</h3>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-1-1024x487.png" alt="" class="wp-image-656982" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-1-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-1-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-1-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-1-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-1.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly Minneapolis Hard Red Spring Wheat Futures</h3>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-2-1024x487.png" alt="" class="wp-image-656984" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-2-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-2-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-2-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-2-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-2.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Corn: Corn was higher last week and futures could have completed a short term low. Less heat and some showers were reported in the Midwest last week. Rier conditions are expected next week. More moderate temperatures are expected in northern areas next week. 
A severe drought is seen in central Nebraska and moderate drought extends east in a corridor into the Chicago area, but the drought area is shrinking. The rest of the Midwest has seen adequate or greater precipitation. Demand for Corn in world markets remains strong but has turned weaker in the last few weeks. Oats were higher in response to the StatsCan stocks and planted area reports.
<h3 class="wp-block-heading">Weekly Corn Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-3-1024x487.png" alt="" class="wp-image-656985" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-3-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-3-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-3-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-3-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-3.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly Oats Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-4-1024x487.png" alt="" class="wp-image-656987" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-4-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-4-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-4-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-4-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-4.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Soybeans and Soybean Meal: Soybeans and the products were lower last week, with lower priced offers from Brazil in the world market important to the US price action. Forecasts for good growing conditions in the Midwest and as cheaper prices reported from Brazil are still being heard, and the Midwest will turn warm and wet after hot conditions were reported over the weekend. 
The market could remain under pressure as Brazil basis levels have been under pressure the last few weeks and prices in world markets for Brazil Soybeans are now less than those from the US. Export demand is in its seasonal doldrums. Export demand remains less for US Soybeans as China has been taking almost all the export from South America. That could change later this year as the US and China have apparently come to a trade deal.
<h3 class="wp-block-heading">Weekly Chicago Soybeans Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-5-1024x487.png" alt="" class="wp-image-656989" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-5-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-5-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-5-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-5-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-5.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly Chicago Soybean Meal Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-6-1024x487.png" alt="" class="wp-image-656990" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-6-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-6-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-6-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-6-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-6.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<a href="https://born2invest.com/articles/rice-market-trends-up-weak-demand-quality/" target="_blank" rel="noreferrer noopener">Rice</a>: Rice was lower last week in part due to the cease fire between Israel and Iran and in part due to poor demand ideas for US Rice. Weaker Asian prices are a drag on US futures, but the US trade depends much more on South American competition that has actually been offering less. Chart trends are down on the daily charts. The cash market has been slow with mostly quiet domestic markets and average export demand.
Milling quality of the Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters. Rice has emerged in most growing areas now. Condition has been rated as good but too much rain has been reported in southern areas. India is moving sto use Rice in its production of Ethanol. This could keep some Rice from India off the export market and help support prices.
<h3 class="wp-block-heading">Weekly Chicago Rice Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-7-1024x487.png" alt="" class="wp-image-656992" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-7-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-7-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-7-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-7-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-7.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Palm Oil and Vegetable Oils: Palm Oil futures were lower last week despite ideas of improved export demand and weakening production potential. Futures closed near the highs of the week. Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around. 
Canola was lower and closed at new lows for the move on the weekly charts. Trends are down on the daily charts and are turning down on the weekly charts. The weather has generally been dry for planting and crop development in the Prairies with warm and dry weather around lately.
<h3 class="wp-block-heading">Weekly Malaysian Palm Oil Futures:</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-8-1024x487.png" alt="" class="wp-image-656993" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-8-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-8-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-8-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-8-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-8.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly Chicago Soybean Oil Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-9-1024x487.png" alt="" class="wp-image-656994" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-9-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-9-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-9-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-9-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-9.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly Canola Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-10-1024x487.png" alt="" class="wp-image-656996" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-10-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-10-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-10-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-10-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-10.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<a href="https://born2invest.com/articles/cotton-prices-inch-up-planting-conditions/">Cotton</a>: Cotton was a little higher again Friday and for the week as the weather remains stressful for new crop development. Trends are turning up in the market. There are still reports of better weather for planting in Texas and on demand concerns caused by the tariff wars and after USDA reported moderate to poor weekly export sales. Planting conditions remain good in Texas, but it is still too wet in the Delta and Southeast.
It has been hot in most areas. Planting progress is still a little behind the five year average and condition is rated behind last year. The monsoon in India is off to a good start and a good production there is possible. Demand ideas got a lift with the cease fire between Israel and Iran and as the White House announcement made on Friday claiming trade deals were in place with China and almost done with 10 other countries.
<h3 class="wp-block-heading">Weekly US Cotton Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-11-1024x487.png" alt="" class="wp-image-656999" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-11-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-11-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-11-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-11-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-11.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Frozen Concentrated Orange Juice and Citrus: Futures were lower Friday and closed at new lows for the move on the daily and weekly charts. Trends are turning down. Development conditions are good in Florida now with daily rounds of showers. Production estimates from USDA remain well below those from a year ago. 
USDA estimated Florida production up slightly from the previous estimate at 12.0 million boxes, but that is still down 34% from last year. All US production was also a little higher from the previous report, but still down 37% for the year. The poor production potential for the crops comes from weather but also the greening disease that has caused many Florida producers to lose trees.
<h3 class="wp-block-heading">Weekly FCOJ Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-12-1024x487.png" alt="" class="wp-image-657001" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-12-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-12-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-12-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-12-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-12.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Coffee: Both coffee markets closed lower last week. Reports of colder temperature in Brazil growing areas are still around but the cold has done little or no damage. Coffee prices have now been dropping for several weeks and are much more moderate than before as coffee supplies available to the market have ticked up. 
The Brazil Robusta coffee harvest continues, and Indonesia continues to harvest. Vietnam is done with its coffee harvest and domestic price were firm last week. The Brazil Arabica coffee harvest is starting to expand and is expected to be less this year as news reports indicate that many cherries have fallen from the trees.
<h3 class="wp-block-heading">Weekly New York Arabica Coffee Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-13-1024x487.png" alt="" class="wp-image-657003" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-13-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-13-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-13-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-13-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-13.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly London Robusta Coffee Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-14-1024x487.png" alt="" class="wp-image-657004" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-14-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-14-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-14-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-14-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-14.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Sugar: New York was lower last week but London closed higher. Ideas of good supplies for the market continue and have been responsible for the price weakness. The South Center Brazil harvest is faster now amid drier conditions. Production in Centre-South Brazil has also been stronger than expected in recent weeks. 
Good growing conditions are reported in India and Thailand after a fast start to the Monsoon season. The Monsoon has featured above average rains but recent rains have been less in India, especially in southern areas. Good rains are still reported in Thailand. Sugar prices in Brazil are now cheap enough that at least some refiners could increase ethanol production and cut back on Sugar production.
<h3 class="wp-block-heading">Weekly New York World Raw Sugar Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-15-1024x487.png" alt="" class="wp-image-657006" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-15-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-15-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-15-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-15-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-15.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly London White Sugar Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-16-1024x487.png" alt="" class="wp-image-657007" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-16-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-16-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-16-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-16-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-16.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<a href="https://born2invest.com/articles/cocoa-prices-drop-speculative-selling/" target="_blank" rel="noreferrer noopener nofollow">Cocoa</a>: Both markets were higher last week. There are still reports of increased production potential in other countries outside of West Africa, including Asia and Central America. The market anticipates good demand and less production from Ivory Coast and Ghana. Pod counts for the mid crop suggested there is unlikely to be a significant recovery in production this season, and current weather is has seen increased rain for the crops for the coming crop.
<h3 class="wp-block-heading">Weekly New York Cocoa Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-17-1024x487.png" alt="" class="wp-image-657009" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-17-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-17-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-17-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-17-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-17.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weekly London Cocoa Futures</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://born2invest.com/wp-content/uploads/2025/07/image-18-1024x487.png" alt="" class="wp-image-657010" srcset="https://born2invest.com/wp-content/uploads/2025/07/image-18-1024x487.png 1024w, https://born2invest.com/wp-content/uploads/2025/07/image-18-300x143.png 300w, https://born2invest.com/wp-content/uploads/2025/07/image-18-768x365.png 768w, https://born2invest.com/wp-content/uploads/2025/07/image-18-100x48.png 100w, https://born2invest.com/wp-content/uploads/2025/07/image-18.png 1050w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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(Featured image by <a href="https://unsplash.com/photos/round-green-and-red-berries-h28p96ICizo" target="_blank" rel="noopener">Clint McKoy</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a href="https://born2invest.com/disclaimer-policy/">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions, including with regards to potential earnings in the Empire Flippers affiliate program. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a href="https://born2invest.com/disclaimer-policy/">important disclosures</a>.
Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The valuation of futures and options may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or implied promise, guarantee, or implication by or from The PRICE Futures Group, Inc. that you will profit or that losses can or will be limited whatsoever. 
Past performance is not indicative of future results. Information provided on this report is intended solely for informative purpose and is obtained from sources believed to be reliable. No guarantee of any kind is implied or possible where projections of future conditions are attempted. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/07/clint-mckoy-h28p96ICizo-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Clint McKoy via Unsplash)</photo_credit><tags>coffee markets,coffee prices,commodities markets,featured,futures markets</tags> </item>
<item>
<title>Dolci Palmisano Issues Its First Minibond of the F&P “Rolling Short term” Program</title>
<link>https://born2invest.com/articles/dolci-palmisano-first-short-term-minibond/</link>
<dc:creator><![CDATA[J. Frank Sigerson]]></dc:creator>
<pubDate>Mon, 30 Jun 2025 14:30:00 +0000</pubDate>
<category><![CDATA[Crowdfunding]]></category>
<category><![CDATA[debt market debut]]></category>
<category><![CDATA[Dolci Palmisano]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[Fidimpresa]]></category>
<category><![CDATA[short term minibond]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656958</guid>
<description><![CDATA[Dolci Palmisano Srl issued its first €300K Short Term Minibond at 5.5%, fully subscribed on launch. Structured by Frigiolini & Partners, with Fidimpresa Friulveneto as anchor investor, the move marks the company’s entry into alternative finance. Minibonds offer SMEs flexible credit access and help investors assess issuers with limited risk due to their short duration.]]></description>
<content:encoded><![CDATA[
The Venetian company Dolci Palmisano Srl enters the <a href="https://born2invest.com/articles/debt-fueled-markets-zombie-corporations/" target="_blank" rel="noreferrer noopener">debt market</a> for the first time with the issue of a “Short Term Minibond” for a maximum of 300,000 euros, with a gross coupon of 5.5%, fully subscribed on the day of issue.
The issue was structured by Frigiolini & Partners Merchant and Fidimpresa Friulveneto acted as anchor investor of the transaction.
“We are very pleased to have issued our first minibond,” said Francesco Palmisano, Sole Director of Dolci Palmisano, “which represents an important milestone for Dolci Palmisano and marks our entry into the alternative finance market.”
As the President of Fidimpresa Friulveneto, Massimo Zanon, pointed out: “It is a complementary tool to the banking system, which allows companies to access credit at market conditions. This is accompanied by an accompanying service offered by Fidimpresa Friulveneto, which can count on consolidated experience in the field of advanced and innovative finance to support development programs.”
“By now – pointed out Leonardo Frigiolini, President and CEO of F&P Merchant – we have entered a phase of greater awareness among companies which absolutely must dig (and quickly) what we like to call “the second well from which to draw water” because money is no longer an easily acquired commodity, but rather a “strategic product.”
<h3 class="wp-block-heading">Dolci Palmisano launched short term minibonds</h3>
“Many broadcasters – continued Frigiolini – have now fully internalized this concept and it is truly a pleasure to work with companies like Dolci Palmisano because they have fully understood that it is not enough to dig the second well, but it is also necessary to intercept the water immediately afterwards and this is where the greatest difficulty lies.”
Instruments such as Short Term Minibonds are “easy to drink” because they are very suitable for attracting investors as they are small in size and short in duration and for this reason on the one hand they allow the issuer to acquire familiarity with the instrument and with the market.
On the other hand, they enable investors to “taste” the newcomer without the risk of getting indigestion, thus testing, with a limited risk, the reliability, the level of transparency and more generally the reputation of the issuer, also made up of punctuality in paying what is due at the agreed deadlines.
<h3 class="wp-block-heading">Dolci Palmisano: the Venetian confectionery tradition</h3>
Dolci Palmisano was founded in 1926 on the island of Burano as a small village bakery. Initially focused on the production of baked goods, the company first found its turning point by expanding its product range and introducing products such as cakes and pastries, until it replicated the most famous dessert of the Venetian tradition: the “bussolà”.
“From the first moves towards the mainland around the 50s, albeit with the aim of keeping the craftsmanship of the small oven intact, we arrive today with the opening of the new factory in Jesolo which has been able to establish itself more and more in the world of large-scale distribution.”
To date, the product plafond is particularly wide and further enriched by the production of leavened products for the main holidays (Christmas and Easter). The company has the most important certifications in the food sector (IFS, BRC, HALAL), this allows it to serve different types of customers.
This contributes to the affirmation of Dolci Palmisano as a reality of excellence in the panorama of Italian pastry making, through the production of specialties that combine tradition and innovation, pleasure and well-being.
<h3 class="wp-block-heading">The anchor investor: Fidimpresa Friulveneto Societa’Cooperativa Pa</h3>
Fidimpresa Friulveneto is the guarantee cooperative born recently from the merger of Fidi Impresa & Turismo Veneto with Confidi Friuli.
With registered and administrative headquarters in Tavagnacco, it operates in the Veneto region with branches in Belluno, Jesolo, Mestre, Padua, Portogruaro, Treviso, Vicenza, and Verona and in the Friuli-Venezia Giulia region with branches in Udine and Pordenone.
Today Fidimpresa Friulveneto has over 26 thousand members, it presents itself to the institutions as a solid reality, thanks to its assets of approximately 61 million euros and over 256 million in guarantees in place. The primary purpose remains that of acting as a guarantor for the credit of SMEs.
In addition to this service, now Fidimpresa Friulveneto provides direct financing, prepares applications for the granting of capital or non-repayable contributions, develops projects for system innovation and offers a team of experts for financial and credit consultancy.
<h3 class="wp-block-heading">Advisor and arranger Gruppo Frigiolini & Partners Merchant</h3>
Frigiolini & Partners Merchant is an independent Group that combines the expertise of a financial advisor and a Global coordinator specialized in Minibond issues for SMEs (through the holding F&P Merchant).
Through its subsidiary Fundera, a supervised crowdfunding portal, F&P Merchant has the capacity to place on the primary market.
The team boasts many years of experience in the financial markets. From 2015 to today it has been among the first in Italy for the number of SMEs accompanied to the issue of Minibonds.
The strength of F&P is its independence and the absence of conflicts of interest with respect to captive operators and traditional credit operators, but the real added value is given by the fintech nature of the subsidiary Fundera which, thanks to the new European regulation issued in 2023, has allowed the audience of investors and the territorial scope of action to be expanded compared to the past.
Fundera was the first portal authorized by Consob in 2020 to place Minibonds online on the primary market and since then it has placed more than one hundred issues.
In October 2023, it obtained from Consob, in its first authorization session, the European authorization to operate as a crowdfunding service provider, pursuant to the new Regulation 2020/1503/EU.
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(Featured image by <a href="https://unsplash.com/photos/pastries-on-display-T4giGwMQJJ8" target="_blank" rel="noopener">Lidia Zajdzińska</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">important disclosures</a>.
First published in <a href="https://www.crowdfundingbuzz.it/dolci-palmisano-emette-il-suo-primo-minibond-del-programma-rolling-short-term-di-fp/" target="_blank" rel="noopener">Crowdfunding buzz</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/06/lidia-zajdzinska-T4giGwMQJJ8-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Lidia Zajdzińska via Unsplash)</photo_credit><tags>debt market debut,Dolci Palmisano,featured,Fidimpresa,short term minibond</tags> </item>
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<title>Bitcoin Traders on DEXs Brace for Downturn Despite Price Rally</title>
<link>https://born2invest.com/articles/bitcoin-traders-dex-downturn-price-rally/</link>
<dc:creator><![CDATA[Sharon Harris]]></dc:creator>
<pubDate>Mon, 30 Jun 2025 13:30:00 +0000</pubDate>
<category><![CDATA[Crypto]]></category>
<category><![CDATA[bitcoin prices]]></category>
<category><![CDATA[bitcoin traders]]></category>
<category><![CDATA[derive.xyz]]></category>
<category><![CDATA[dex traders]]></category>
<category><![CDATA[featured]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656940</guid>
<description><![CDATA[Despite Bitcoin’s recent rally, over 70% of BTC options volume on DEXs like Derive.xyz are puts, signaling trader caution. Many are hedging against a drop, with $54M in contracts set to expire July 11. In contrast, centralized exchanges lean bullish. Macro uncertainties likely drive the defensive stance, highlighting the market's mixed outlook.]]></description>
<content:encoded><![CDATA[
In recent days, an interesting picture has emerged on decentralized Bitcoin trading platforms (DEXs): More and more Bitcoin traders are hedging against falling <a href="https://born2invest.com/articles/bitcoin-recovers-u-s-iran-altcoins-losses/" target="_blank" rel="noreferrer noopener">Bitcoin prices</a>. 
According to data from the on-chain options platform Derive.xyz, many market participants are currently focusing on put options with strike prices between $85,000 and $106,000 – despite Bitcoin’s recent price rally.
<h3 class="wp-block-heading">Bitcoin traders on DEXs position themselves for falling prices</h3>
According to Derive data, put options now account for over 70% of the trading volume on the platform. Specifically, around 20% of all open BTC options contracts (open interest) – with a value of over $54 million – are spread across the July 11 expiration dates and the aforementioned strike prices. 
This means that many Bitcoin traders are anticipating increased volatility or a correction in the short term and want to hedge against price losses.
<h3 class="wp-block-heading">What are put options and why do traders buy them?</h3>
A put option gives you the right to sell Bitcoin at a fixed price until a specific date. Buying a put option is either betting on falling prices or seeking protection in case of a price crash. Especially after a strong rally—as recently seen with Bitcoin—it can be useful to lock in profits or protect yourself against unexpected market events.
<h3 class="wp-block-heading">Differences between DEX and centralized platforms</h3>
Also interesting is that the defensive sentiment on Derive.xyz contrasts with centralized exchanges like Deribit. Traders there are increasingly abandoning put options with low strike prices and increasingly betting on call options, i.e., on rising prices. 
This demonstrates that there are different assessments of Bitcoin’s development between decentralized and centralized markets.
<h3 class="wp-block-heading">Macro uncertainties as a trigger?</h3>
One reason for the defensive positioning could be upcoming macroeconomic events or the fear of profit-taking after the sharp rise. Especially in uncertain market phases, experienced Bitcoin traders often resort to hedging strategies such as puts to protect their portfolios.
<h3 class="wp-block-heading">Conclusion: Security is paramount</h3>
The latest data from Derive.xyz clearly shows that many Bitcoin traders on DEXs are cautious, despite or perhaps because of last week’s strong performance. Whether this defensive stance is justified will become clear in the coming weeks. If you’re active yourself, you should closely monitor developments and regularly review your strategy.
__
(Featured image by <a href="https://unsplash.com/photos/gold-and-black-round-logo-Z_0ach1PCfw" target="_blank" rel="noopener">Kanchanara</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">disclaimer</a> for more information.
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First published in <a href="https://block-builders.de/bitcoin-dex-trader-setzen-auf-fallende-kurse-put-optionen-zwischen-85-000-und-106-000-us-dollar-im-fokus/" target="_blank" rel="noopener">BLOCK-BUILDERS.DE</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/06/kanchanara-Z_0ach1PCfw-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Kanchanara via Unsplash)</photo_credit><tags>bitcoin prices,bitcoin traders,derive.xyz,dex traders,featured</tags> </item>
<item>
<title>Dow Jones Nears New High as Historic Signals Flash Caution</title>
<link>https://born2invest.com/articles/dow-jones-new-high-signals-flash-caution/</link>
<dc:creator><![CDATA[Mark Lundeen]]></dc:creator>
<pubDate>Mon, 30 Jun 2025 12:30:00 +0000</pubDate>
<category><![CDATA[Business]]></category>
<category><![CDATA[bear markets]]></category>
<category><![CDATA[BEV values]]></category>
<category><![CDATA[Dow Jones]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[stock markets]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656916</guid>
<description><![CDATA[The Dow Jones is nearing a new all-time high despite past resistance, with a current BEV of -2.65%. A potential breakout could echo 2023–2024’s 21.3% surge. However, concerns persist over market bubbles and distorted valuations since 1987, especially as traditional dividend yield signals have failed. The author will return after the U.S. July 4th holiday.]]></description>
<content:encoded><![CDATA[
A lot can change in a week. In these <a href="https://born2invest.com/articles/debt-deficits-fragile-future-warning/" target="_blank" rel="noreferrer noopener">last few weeks</a>, the Dow Jones appeared to have topped out, just below scoring position in its BEV chart below, as if its BEV -5% was a very hard ceiling. Now this week it closed with a BEV of -2.65%, halfway to making a new BEV Zero (0.00% = new all-time high). In dollar terms, what would a new BEV Zero be? Looking at the table in the chart below, any Dow Jones close above its current 0.00%, at 45,014.04.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-159.png" alt="" class="wp-image-656922" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-159.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-159-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-159-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-159-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
Will the Dow Jones make a new BEV Zero in its BEV chart above?  In the next few weeks, I suspect it will.  Up here in the market’s peanut gallery, I have a few beers on it, that it will.  It had better, and not repeat what it did last February (Black Circle), where the Dow Jones made multiple daily closes within a BEV of -0.90%, to then fall out of scoring position, followed by a decline to its BEV -15% line by early April.
So, what if the Dow Jones does make a new BEV Zero in its BEV chart above?  That is the question; what then?  Does it resume the advance seen above from November 2023, to December 2024, a year where the Dow Jones generated fifty-five new all-time highs?  A year where the Dow Jones advanced from its first BEV Zero, to its fifty-fifth BEV Zero, some 7,924 points, a one-year advance of 21.3%?  Or does it do something else?
The paragraph above has a lot of question marks in it.  For a market advance that began in August 1982, with the Dow Jones closing below 800, to December 2024, with it closing above 45,000, maybe seeing so many question marks isn’t such a good thing.  The Dow Jones (my proxy for the general stock market) is in a massive bubble, and has been for decades.  That isn’t my opinion, that is a fact as documented by the Dow Jones Dividend Yield plotted below.
Before Alan Greenspan became FOMC Idiot Primate in August 1987, investors could time very profitable entry and exit points using the Dow Jones dividend yield;
<ul class="wp-block-list">
<li>3% yield = sell</li>
<li>6% yield = buy</li>
</ul>
Using this little rule-of-thumb a century ago, would have gotten people out of the market, near the Dow Jones’ September 1929 top, and back in the market, if not at the July 1932 bottom, then close enough to make following the Dow Jones’ dividend yield during the Great Depression’s bear market, very worthwhile.
That has been true for all of the major bull and bear markets between 1925, to August 1987, when something very odd happened.  The Dow Jones’ dividend yield declined to a historic low; 2.54% in August 1987.  It was time for a major market decline, time for the Dow Jones dividend yield to once again rise up to something over 6%.  But as seen in the chart below, that didn’t happen.
Following the flash crash of October 1987 (two months into Greenspan’s Idiot Primateship), he began “providing ample liquidity” to the market, until thirteen years later, the Dow Jones was yielding an incredible 1.30% in January 2000.  Look at the chart; Wow!
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-163.png" alt="" class="wp-image-656925" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-163.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-163-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-163-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-163-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
Since August 1987, when the FOMC’s idiotic “monetary policy” shitcanned the old sell on the 3%, then buyback on a 6% yield, an effective rule that lasted for over six decades, the stock market has been in a gigantic valuation bubble. 
And every time the Dow Jones’ dividend yield attempts to return to historical norms, such as yielding something over 6% at a bear-market bottom, all hell breaks loose.  As seen above in March 2009 and again at the March 2020 market bottoms, in a panic the idiots at the FOMC implemented their QEs by flooding the financial markets, with trillions-of-dollars of monetary inflation, to “stabilize market valuations.”  Or in other words; to get the Dow Jones’ dividend yield back below 3%.
Thinking about the Dow Jones with its dividend, is exactly like thinking about it as if it were a bond.  Unlike a bond’s fixed coupon (fixed income), the dividend payout for the Dow Jones can, and does change.  If a bond has an annual payout of $10, the yield of that $10 payout depends on how much the owner paid for the bond.  If they paid $100 for the bond, that bond is yielding an annual 10%.  If they paid $200 for the bond, that bond is yielding an annual 5%.
So, for the Dow Jones with it current payout of $727.40, how much is it now yielding?  At this week’s Dow Jones close of 43,819, the Dow Jones is yielding 1.66%.  To force the Dow Jones to yield 6%, the old bear market buy signal, the valuation for the Dow Jones would have to deflate to 12,123, a market decline of 72.33% to yield a 6% dividend, with a dividend payout of $727.40. 
As bad as that is, it could get worse should the Dow Jones’ dividend payout decline, which is very likely during a massive, 72.33% bear market valuation collapse.  If the payout for the Dow Jones is reduced to $500.00, to make that payout yield 6%, the Dow Jones’ valuation would have to deflate to 8,333, a valuation collapse of 80.9% from this week’s close of 43,819.  That is a Great Depression market event.
Like I said; the Dow Jones has been in a massive bubble for decades.  Long enough for concerns about its too small dividend yields, to become invalid in the minds of most investors and “market experts,” and that is a mistake.  A long enduring, and on-going mistake to be sure, but a mistake nonetheless.
So, you now know why this market enthusiast is only betting a few beers on the stock market, up here in the market’s peanut gallery.  But then, who knows how long these idiots can keep the market’s valuations “stabilized” near their current valuations?  Could be years. Then again, maybe only a few more months.
Here is the Dow Jones in its daily bars below.  What can I say?  It looks good!  Maybe on Monday, I’ll bet a few hotdogs the Dow Jones will be at new all-time highs next week, before the 4th of July.  That seems like a safe bet.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-160.png" alt="" class="wp-image-656920" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-160.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-160-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-160-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-160-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
This week, the NASDAQ Composite (BEV chart below) closed at a new all-time high. If the Dow Jones is currently in a massive bubble, the NASDAQ Composite’s valuation is even more inflated. But the NASDAQ bulls don’t care, so why should I?
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-156.png" alt="" class="wp-image-656917" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-156.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-156-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-156-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-156-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
In the past few weeks, I’ve been asking; where are all the BEV Zeros for the major market indexes I follow below.  For weeks, we’ve seen plenty of these indexes closing in scoring position (BEVs of -0.01% to -4.99%), but no BEV Zeros (0.00%).  Then, on this last Friday of June 2025, this week closed with eight of these indexes closing at a BEV Zero, with the next seven closing the week in scoring position.  Not a bad week for the bulls.
Look at the NASDAQ 100 (#3); it closed at a new all-time high for four of this week’s five trading days.
One oddity seen below, is how the NASDAQ Banking Index is tail-end Charlie in the table below, closing the week with a BEV of -19.98%, or 19.98% below its last all-time high of November 2021.  While this week, the NYSE Financial Index saw three BEV Zeros.  What is the difference these financial institutions? 
I don’t know.  But I expect the NYSE Financial Index contains all the big, “important” Wall Street banks.  While the NASDAQ Banking Index, by design is composed of regional banks, that the idiots at the FOMC see more as annoying little entities, than assets with which it can execute “monetary policy” with.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="774" height="1024" src="https://born2invest.com/wp-content/uploads/2025/06/image-164-774x1024.png" alt="" class="wp-image-656929" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-164-774x1024.png 774w, https://born2invest.com/wp-content/uploads/2025/06/image-164-227x300.png 227w, https://born2invest.com/wp-content/uploads/2025/06/image-164-768x1016.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-164-76x100.png 76w, https://born2invest.com/wp-content/uploads/2025/06/image-164.png 873w" sizes="(max-width: 774px) 100vw, 774px" /></figure>
Moving on to my performance table for this week, precious metal assets remain at the top of the table.  But the gap between them, and the rest of the market closed up some this week. 
In the weeks to come, will the XAU and silver lose their current positions to other indexes in the table?  Maybe.  But over the long-term, I still like the XAU and silver more than anything else currently below them in the table above.
I haven’t looked at NYSE Margin Debt for a while, so this is a good time to do so.  Leveraging one’s position in the stock market, by purchasing additional shares via a loan from one’s broker is called using margin debt.  Using margin debt transforms an investor into a speculator.  Nothing morally wrong with that.  But speculating in the market using other people’s money, presents higher levels of risk to any investment.
How large a loan depends on how large an investment.  A 50% margin is the highest level of debt brokers will allow.  In other words, for every $1 an investor places in the investment, the broker is willing to lend $1.  So, 50% of the position belongs to the investor, and 50% of the position belongs to the broker = 50% margin. 
Of course, an investor could use lower levels of leverage too.  But for this discussing we’ll assume the position is leveraged by 50%.  Though if the position’s valuation increases, the percentage of the position of the brokers declines accordingly, unless the speculator purchases additional shares, on margin.
Leveraging one’s position by 50%, makes a 50% advance in the market, a 100% gain for the investment using margin debt.  That sounds pretty good, and it is in an advancing market.  However, a 50% decline in the market, results in a 100% loss for the position using 50% margin. 
But that isn’t going to happen, as when one uses margin debt, the broker has as much say about that position as does the investor.  And that is fair, as the broker also has money in the trade.  Should the position begin to decline, the broker will begin to reduce his position in the losing trade, by selling your shares.  Which in most cases, is doing the investor / speculator a favor. 
But then, they may send the investor a “margin call,” or notification that if you pay back a certain portion of the loan they made for your position, they won’t sell any shares.  But making a margin call for a losing trade is foolish.  Best to keep your money, exit the trade by taking your losses, and wait for a better day to leverage a bullish bet on the market.
Nothing is certain in the market, but somethings never change.  One of those things that never seems to change is; the public is always late to the any party going on at Wall Street, and then they stay on long after the festivities have ended.  That can be seen when looking at the expansions and contractions in NYSE Margin Debt below.
NYSE margin debt (Red Plot below) peaked in March 2000, as the NASDAQ High-Tech bubble popped.  In other words, the public’s bullishness peaked exactly when they should have become bearish.  The Dow Jones declined by 38% in October 2002.  But the real action for the High-Tech bubble was at the NASDAQ, and I suspect so was most of this margin debt seen below too.  In October 2002, the NASDAQ Composite was down by 78%, as NYSE margin debt declined by 53% from its highs of March 2000.
One would think margin debt would have been down more than that.  But there really are people who do know what they are doing in the market, people who buy stocks on margin at the bottom, not at the top of the market.  I don’t know for a fact, but I suspect that is why following October 2002, NYSE margin debt once again began going up, as the stock market recovered.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-160.png" alt="" class="wp-image-656921" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-160.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-160-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-160-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-160-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
I have two other examples of when NYSE margin debt peaked in the chart above, as expected at market tops.  The Sub-Prime Mortgage boom and bust, and then the market boom following FOMC Idiot Primate Powell’s multi-trillion dollar Not QE#4, that peaked in November 2021, the same market top I use in my weekly performance tables above.
The latest top in NYSE margin debt occurred in January of this year, with NYSE margin debt peaking at $937.25 billion dollars, almost a trillion dollars of margin debt, inflating market valuations in the stock market.
Below is a Bear’s Eye View of NYSE margin debt going back to 1979, which provides a unique view of how to make money in the stock market, from the perspective of the brokers who lend money to speculators in the stock market.
Brokers aren’t emotional about the market.  As long as it is going up, they are willing to lend money to speculators to buy stocks.  But when the market turns, they are ruthless about protecting their loans, and will close a speculator’s position without their permission, thus pulling money (reducing NYSE margin debt), from the stock market.
The latest data available is for May, last month, which has a BEV of -1.74%, or only 1.74% below the last all-time high for NYSE margin debt seen last January.  Market history tells us the best time to buy * ISN’T * when NYSE margin debt is near an all-time high, but following a * BIG DECLINE * in NYSE margin debt, as seen at the bottom of the NASDAQ High-Tech and Sub-Prime Mortgage bear markets.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-162.png" alt="" class="wp-image-656924" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-162.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-162-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-162-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-162-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
Currently, the market is advancing.  But at the top of any market advance, market risks to invested funds increase to maximum, while the potential for seeing profits on invested funds decrease to minimum.
Looking at the dividend yield for the Dow Jones, and NYSE margin debt above, tells me this bull market has become a mug’s game.  This isn’t the time to be buying shares in the market, or even holding on to what one has.  Rather, this is a darn good time to be selling, to protect what wealth you have accumulated in the market.
So, when should one return to the market?  I’m no “market expert,” just a humble market enthusiast whose personal market research, seen above, strongly suggest one should get out, and stay out until the Dow Jones once again yields something over 6%, and NYSE margin debt is reduced by something over 50% from current levels.
When will that be?  I haven’t a clue.  But there are times when one should play it safe in the market by getting out, and staying out, until it makes sense to once again become bullish on the market.  To my understanding of where the market currently is; this is one of those times.  Until then, gold, and silver bullion, and the mining companies that mine for them, seems to be the place to be.  And it’s always nice to have a little cash sitting on the side.
Oh, from the dusty old pages of Barron’s from a century ago, the chart below is something very interesting; NYSE margin debt, and the Dow Jones from 1926 to 1933.  At the Great Depression’s July 1932 bear-market bottom;
<ul class="wp-block-list">
<li>Dow Jones down 89%,</li>
<li>Dow Jones Dividend Yielded over 10% (see dividend yield chart above),</li>
<li>NYSE Margin Debt Reduced by 95%,</li>
<li>And No One Wanted to Pay Ten Cents, for what was Eagerly Purchased for a Dollar Three Years Before.</li>
</ul>
Market psychology is perverse.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-158.png" alt="" class="wp-image-656919" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-158.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-158-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-158-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-158-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
Moving on to this week’s BEV chart for gold below, the bears have almost knocked gold out of scoring position at this week’s close.  Should we be concerned about that?  Maybe, but I’m not. 
Since 1971 when gold was “demonetized” by the US Government, as expected the growth in debt, and volume of US dollars in circulation has exploded, and this explosion in debt and dollars has yet to be fully priced into the price of gold.  To my way of thinking, that makes gold an excellent long-term hold, something to be purchased, and then be forgotten about.  An asset that in a few years, its owners will be happy to have purchased at today’s price, and held on to.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="567" src="https://born2invest.com/wp-content/uploads/2025/06/image-157.png" alt="" class="wp-image-656918" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-157.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-157-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-157-768x558.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-157-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
Looking at gold and silver below, from 1969 to today, gold’s exponential advance continues (Red Plot), an advance that has yet to see an appropriate correction.  I’m not complaining.  But if one comes in the near future, I’m not going to panic about that either, as that is something that all markets eventually do.  As gold did some time ago, during its corrections at #1&2 below.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="780" height="566" src="https://born2invest.com/wp-content/uploads/2025/06/image-161.png" alt="" class="wp-image-656923" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-161.png 780w, https://born2invest.com/wp-content/uploads/2025/06/image-161-300x218.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-161-768x557.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-161-100x73.png 100w" sizes="(max-width: 780px) 100vw, 780px" /></figure>
Speaking of market corrections, in the chart above, silver (Blue Plot) is still in a correction that began in April 2011, fourteen years ago.  Or for old geezers like me, still in a correction that began in January 1980, forty-five years ago.
Currently, silver is being contained by its indexed 20 line; about $37 in dollar terms.  The day is coming when silver will break above $37, and go on to something above $46, or its indexed 25 line.  We may see some excitement in the silver market when that happens, as silver has some catching up to do with gold.
So, why is gold at risk at being knocked out of scoring position; at risk at seeing its BEV value decrease below -5.0%?  Take a look at gold’s step sum table below, look at all those down days overwhelming gold’s daily advances since it last made a new all-time high on June 13th.  In the past nine trading days, the price of gold had advanced in only two of them.  I’m happy to see gold’s BEV values still in the single digits after all that!
But this is how markets operate; during both bull and bear markets, there are about as many daily advances as declines.  So, if daily declines are currently overwhelming daily advances, there will come a time where daily advances will begin to overwhelm daily declines. 
Last month, I though this transition to daily advances overwhelming daily declines would have occurred this month, June.  As you can see below, that didn’t happen.  What did happen in June, was that after all those down days in May / June, gold saw a new all-time high two weeks ago, and has remained in scoring position since then.  A remarkable display of market strength in my opinion. 
However, should these daily body blows continue, at one point gold will see a significant decline, to or even below its BEV -10% line.  It may not come to that.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="975" height="591" src="https://born2invest.com/wp-content/uploads/2025/06/image-165.png" alt="" class="wp-image-656931" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-165.png 975w, https://born2invest.com/wp-content/uploads/2025/06/image-165-300x182.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-165-768x466.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-165-100x61.png 100w" sizes="(max-width: 975px) 100vw, 975px" /></figure>
The Dow Jones is seeing a period where daily advances are overwhelming daily declines, but unlike gold, it is struggling to generate a new all-time high.  That is very interesting.
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(Featured image by <a href="https://www.pexels.com/photo/marketing-businessman-man-laptop-7567606/" class="broken_link" target="_blank" rel="noopener">Tima Miroshnichenko</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
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<imageurl>https://born2invest.com/wp-content/uploads/2025/06/pexels-tima-miroshnichenko-7567606-740x490.jpg</imageurl><photo_credit>(Featured image by Tima Miroshnichenko via Unsplash)</photo_credit><tags>bear markets,BEV values,Dow Jones,featured,stock markets</tags> </item>
<item>
<title>Stock Markets Surge Amid Global Uncertainty, But Storm Clouds Loom</title>
<link>https://born2invest.com/articles/stock-markets-surge-global-uncertainty/</link>
<dc:creator><![CDATA[David Chapman]]></dc:creator>
<pubDate>Mon, 30 Jun 2025 11:30:00 +0000</pubDate>
<category><![CDATA[Markets]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[inflation rate]]></category>
<category><![CDATA[interest rates]]></category>
<category><![CDATA[stock markets]]></category>
<category><![CDATA[trade wars]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656863</guid>
<description><![CDATA[The stock market hit new highs despite global tensions, with the S&P 500, NASDAQ, and TSX leading. Oil collapsed amid a brief Mideast conflict. Energy and gold stocks fell, while Dollarama rose on strong earnings. Markets surged into Canada Day and U.S. Independence Day, but sustainability is uncertain heading into typically weak August and September.]]></description>
<content:encoded><![CDATA[
The bears must be tearing their fur out. Here we are halfway through the year and stock markets, despite facing headwinds of trade wars, inflation, persistently higher <a href="https://born2invest.com/articles/crisis-navigating-the-fourth-cycles/">interest rates</a>, geopolitical tensions (war), domestic political tensions (deep polarization, ICE raids), we are once again nearing all-time highs. 
Some, such as the NASDAQ, the AMEX, the NASDAQ 100, the S&P 100, and the NY FANG Index have already made their all-time highs. The S&P 500 just joined them. Elsewhere, the TSX Composite, the Tel AVIV 125 Index (a surprise), and the Dow Jones Global Index. It seems to defy logic, with many markets showing overbought and overvalued. Oh yes, and need we mention we also have all-time highs in money supply and debt.
<h3 class="wp-block-heading">Despite everything, U.S. corporate profits continue to grow. Stock markets focus on profits </h3>
Dominating corporate profit growth has been high tech, especially the MAG7, but healthcare and consumer discretionary have also done well. Here in Canada, the strongest-performing sectors over the past 10 years are the TSX Information Technology (TTK) and Golds (TGD). But by a wide margin it is the high-tech sector and the MAG7 (Apple, Amazon, Google, Nvidia, Tesla, Meta, and Microsoft) that have led the way. We note that, because of poor performance of late, Tesla has been replaced by Broadcom.
However, the biggest winner has been Nvidia (NVDA), up some 30,000% over the past decade. Nobody else is even close. Broadcom (AVGO) was next, up some 2,400%. Tesla (TSLA), which has been kicked out of the MAG7, is up 1,700% but has fallen sharply over the past year. Not so magnificent anymore. The market is being driven by AI (Nvidia), riding on sentiment in the sector, huge investments, and a big bet that AI will continue to fuel productivity growth and, by extension, corporate earnings. Who cares whether Israel bombs Iran, unless they hit their oil facilities (note: they haven’t).
The U.S. continues to see strong international flows of funds. That’s surprising, given the downward push of the US$ Index over the past year. However, the U.S. dollar falling is mainly due to the fact that most international investors hedge their positions and other central banks act to support their currency, thus dampening the U.S. dollar effect. The US$ Index recently hit 52-week lows and is down over 10% in 2025. Despite everything, the U.S. is still viewed as a safe haven. That could, of course, shift if the rest of the world is viewed more positively.
There remains considerable concern about the U.S.’s fiscal position with huge debt and rising budget deficits. There is also a constant feeling that the negative events (wars with Russia/Ukraine and with Israel/Hamas/Iran) are occurring “over there.” Unless the “over there” impacts the price of gas at the pump, those events are just noise. Things could yet come unravelled in the U.S. if the ongoing protests against the presidency of Donald Trump become more frequent or violent. But, so far, they are having little impact on markets. As long as the profits flow, what happens on the street stays there.
<h3 class="wp-block-heading">U.S. Corporate Profits vs. S&P 500 2015–2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="436" src="https://born2invest.com/wp-content/uploads/2025/06/image-6.gif" alt="" class="wp-image-656864"/><figcaption class="wp-element-caption">Source: <a href="http://www.tradingeconomics.com" target="_blank" rel="noreferrer noopener nofollow">www.tradingeconomics.com</a>, <a href="http://www.bea.gov" target="_blank" rel="noreferrer noopener nofollow">www.bea.gov</a></figcaption></figure>
What stands out in these charts is that corporate profits and the rise in the S&P 500 are in tandem. If those corporate profits falter, then the S&P 500 falters as well. Note that the S&P 500 Schiller PE multiple is rather high at 37.2, not far from its peak in 2000 at the time of the dot.com bubble peak. The long-term average is around 17. The S&P 500 PE ratio is at 29.0, which is below the peak of the 2008 financial crisis and also well below the level at the top in 2000 during the dot.com bubble. The long-term average is around 15.5. Over time, things do tend to return to the mean. During the 2008 financial crisis, both the Schiller PE ratio and the S&P 500 PE ratio fell to around 14.
Interestingly, while GDP growth has started to falter and unemployment is creeping higher, personal spending is holding steady. However, is personal spending now faltering? Personal spending for May fell 0.1% when they expected a gain of 0.1%. The PCE (Personal Consumption Expenditures) price index came in at 2.3% vs. the expected 2.2% and last month’s 2.2%.
<h3 class="wp-block-heading">Real GDP Growth, Personal Consumption Expenditures, Unemployment Rate 2015–2025</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="349" src="https://born2invest.com/wp-content/uploads/2025/06/image-155-1024x349.png" alt="" class="wp-image-656884" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-155-1024x349.png 1024w, https://born2invest.com/wp-content/uploads/2025/06/image-155-300x102.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-155-768x262.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-155-100x34.png 100w, https://born2invest.com/wp-content/uploads/2025/06/image-155.png 1035w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stlouisfed.org" target="_blank" rel="noreferrer noopener nofollow">www.stlouisfed.org</a>, <a href="http://www.bea.gov" target="_blank" rel="noreferrer noopener nofollow">www.bea.gov</a>, <a href="http://www.bls.gov" target="_blank" rel="noreferrer noopener nofollow" class="broken_link">www.bls.gov</a></figcaption></figure>
<h3 class="wp-block-heading">Conference Board Consumer Sentiment Index 2007–2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="424" src="https://born2invest.com/wp-content/uploads/2025/06/image-8.gif" alt="" class="wp-image-656866"/><figcaption class="wp-element-caption">Source: <a href="http://www.conference-board.org" target="_blank" rel="noreferrer noopener nofollow">www.conference-board.org</a></figcaption></figure>
The PCE remains high, so it is somewhat surprising to see consumer sentiment faltering. On the previous page is the latest Conference Board Consumer Sentiment Index. It fell to 93, below the previous month’s 98 and below the expected 99. The Michigan Consumer Sentiment Index came in at 60.7, above the expected 60.5 and the previous month’s 52.2. While the Conference Board consumer sentiment is faltering, the Michigan Index shows improvement. Which is it? The Michigan Index is more responsive to consumer changes like gas prices.
Many have cited the fact that tariffs have not as yet increased inflation. Typically, tariffs trigger stagflation, putting upward pressure on prices while sparking sluggish growth. While tariffs in the U.S. right now only average 15.8%, they are still the highest in decades. Tariffs create an unpredictable business environment where supply chains get disrupted. It’s no surprise to see that containers coming from China have been in a downward trend. But there is a lag effect as it takes some time to work its way through the economy. Many analysts are now lowering their GDP outlook for the world in 2025 along with increasing the odds of a global recession.
Causing problems in markets is the persistent rumour that President Trump will fire or undermine Fed Chair Jerome Powell. Bluntly, the president does not have the legal power to fire the Fed chair and any attempt to do so would most likely fail. Trump is considering announcing a new Fed chair long before Powell’s term is up in May 2026. The Fed chair must be selected from the current governors. The dovish outlook helped stock markets surge higher, bond yields fall, and the US$ Index fall to its lowest level in 52 weeks. Oh yes, and golds were hit lower.
While Trump does not have the power to fire Powell, bond yields are falling on the expectation that his undermining of Powell will help push rates lower, thus being positive for the stock market. The US$ Index is also falling on the expectations of lower interest rates. This is an ongoing feud between Trump and Powell and globally markets would not respond well to the politicising of the Federal Reserve. 
The Fed is still expected to lower rates at least once in 2025, probably in September. But there is a growing consensus that the next FOMC, July 29–30, might also see a rate cut. Powell has consistently noted that forcing interest rates lower may be dovish for the stock market but is inflationary in the longer term. Dovishness from the Fed also might spark a rush out of U.S. dollar assets, particularly if accompanied by what is seen as political interference in the workings of the Fed.
<h3 class="wp-block-heading">U.S.  10-Year Treasury Note vs. US$ Index 2020–2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="367" src="https://born2invest.com/wp-content/uploads/2025/06/image-20.jpg" alt="" class="wp-image-656867" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-20.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-20-300x133.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-20-768x340.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-20-100x44.jpg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
Irrespective of what one feels about a clearly overvalued U.S. market, flows can still occur due to nervousness elsewhere. The U.S. is still seen as a safe haven, away from the turmoil in the Middle East and Eastern Europe. Trade friction between the U.S. and China can also spark funds to move to the U.S. and out of Asia. We can’t help but notice that, as the stock market goes higher, the NYSE advance/decline (AD) line has also been moving higher.
It appears that the recent rally has broadened the stock market so that the MAG7 is no longer leading the way. Financials and industrials are joining the party. The last time we really saw this was before the 2008 financial crisis. The public always gets in at the top. Note how the NYAD is making new highs but the S&P 500 is barely back at its old highs. 
A divergence? Earlier, note that the NYAD line was falling, even as the S&P 500 was making new highs in late 2024 and early 2025. That divergence resulted in the April 2025 tariff war collapsing. When they do not agree, something is amiss. Today, the AD line moving sharply higher while the S&P 500 is barely back at its old highs is a divergence.
<h3 class="wp-block-heading">NYSE Advance/Decline Line vs. S&P 500</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="585" src="https://born2invest.com/wp-content/uploads/2025/06/image-23.jpg" alt="" class="wp-image-656871" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-23.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-23-300x212.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-23-768x543.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-23-100x71.jpg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
The stock market has recovered its highs seen just before “Liberation Day.” But note that the Dow Jones Industrials (DJI) and the Dow Jones Transportations (DJT) have not. The DJT is not even close, an ongoing divergence with the DJI. Does it mean anything? Not until something happens. But whenever we have seen the indices not agreeing with each other, something happens to reverse the trend.
Markets have been rising against what many thought would happen. That alone triggers short covering. Buybacks have made stocks scarcer. Trade tensions have eased and trade deals might even happen. The wars are “over there” and the U.S./Israel/Iran war is on hold, at least for now. The economy has been resilient, although the Q1 GDP report suggests it could be faltering. Tech continues to dominate. And finally, the expectations are that the Fed will ease interest rates, either at the July or September FOMC. That is friendly for stocks and also helps ease long-term rates, but it is not friendly for gold or the U.S. dollar.
<h3 class="wp-block-heading">Chart of the Week</h3>
<h3 class="wp-block-heading">XOI and TEN 2020–2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="601" src="https://born2invest.com/wp-content/uploads/2025/06/image-28.jpg" alt="" class="wp-image-656868" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-28.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-28-300x218.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-28-768x557.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-28-100x73.jpg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
With the sharp reversal by oil following the cease fire between Israel and Iran, it was not surprising to find that the energy stocks were hit as well. But there were some differences. On June 23, WTI oil had a huge outside reversal day. No, it was not a key reversal as no new highs were made. From top to bottom WTI oil fell 15%. From the previous close WTI oil fell 7.5%. Brent crude from top to bottom fell 14.6% and was down 7.5%, equal to the drop for WTI oil. It was a dramatic day for oil.
However, the energy stocks fared better. The ARCA Oil & Gas Index (XOI) dropped from high to low only 4.1% and from the previous day’s close 2.8%. For the TSX Energy Index (TEN) the decline high to low on June 23 was 4.4% while from the previous day’s close the TEN was down 3.5%. Neither the XOI or the TEN had outside reversal days. A clear outperformance by the energy stocks.
We viewed the outperformance of the energy stocks as a positive. Yes, the commodity, oil, was severely beaten up, but the response from the stocks was much more muted. Where was the panic? In all instances there was some further selling the next day (June 24), but on June 25 all were bouncing back. Rather than viewing all of this as a huge negative, we view the lack of follow-through selling as bullish. Note that all of them—WTI, Brent, XOI, and TEN—held bullish uptrend lines, at least for now.
<h3 class="wp-block-heading">XOI and TEN Performance 2020–2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="351" src="https://born2invest.com/wp-content/uploads/2025/06/image-22.jpg" alt="" class="wp-image-656872" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-22.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-22-300x127.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-22-768x326.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-22-100x42.jpg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
Since the 2020 COVID recession, energy stocks have enjoyed strong up moves, despite pulling back over the past year. Nonetheless, we view the patterns as positive and while on the surface the sector appears quite beat up, the action is suggesting otherwise.
The return over the past five years has been 250.8% for the TEN, 127.1% for the XOI, and only 66.2% for WTI oil. Not shown but for comparison purposes, Brent crude gained 63.6%, the S&P 500 was up 97.6%, the TSX Composite gained 73.0%, while gold was up 88.7%. The gold stock indices were up but less than many would expect with the Gold Bugs Index (HUI) gaining 49.5% and the TSX Gold Index (TGD) up 49.9%. By a considerable margin the winner was the TSX Energy Index, up 250.8%. It shows the importance of the sector.
Key stocks in the XOI include Exxon Mobil, Chevron, Occidental Petroleum, Conoco Phillips, and Phillips 66. For the TEN, key stocks include Canadian Natural Resources, Imperial Oil, Suncor Energy, Cenovus Energy, and Tourmaline.
The strong performance by the energy sector, particularly for the TEN, has been key to the performance of the TSX Composite.
<h3 class="wp-block-heading">Markets & Trends</h3>
<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td> </td><td> </td><td> </td><td colspan="4">% Gains (Losses)                              Trends   </td><td colspan="2"> </td></tr><tr><td> </td><td>Close Dec 31/24</td><td>Close Jun 27/25</td><td>Week</td><td>YTD</td><td>Daily (Short Term)</td><td colspan="2">Weekly (Intermediate)</td><td>Monthly (Long Term)</td></tr><tr><td>ne</td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>S&P 500</td><td>5,881.63</td><td>6,173.07 (new highs) *</td><td> 3.4%</td><td>5.0%</td><td>up</td><td colspan="2"> up</td><td>up</td></tr><tr><td>Dow Jones Industrials</td><td>42,544.22</td><td>43,819.27</td><td>3.8%</td><td>3.0%</td><td>up</td><td colspan="2">neutral</td><td>up</td></tr><tr><td>                     Dow Jones Transport</td><td>16,030.66</td><td>15,494.54</td><td>4.9%</td><td>(2.5)%</td><td>up</td><td colspan="2">neutral</td><td>neutral</td></tr><tr><td>NASDAQ</td><td>19,310.79</td><td>20,273.46 (new highs) *</td><td>4.3%</td><td>5.0%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>S&P/TSX Composite</td><td>24,796.40</td><td>26,692.32 (new highs) *</td><td>0.7%</td><td>7.9%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>S&P/TSX Venture (CDNX)</td><td>597.87</td><td>724.21</td><td>1.8%</td><td>21.1%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>S&P 600 (small)</td><td>1,408.17</td><td>1,336.86</td><td>3.1%</td><td>(5.1)%</td><td>up</td><td colspan="2">down (weak)</td><td>up (weak)</td></tr><tr><td>MSCI World </td><td>2,304.50</td><td>2,690.42 (new highs) *</td><td>1.8%</td><td>16.8%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>Bitcoin</td><td>93,467.13</td><td>107,052.88</td><td>3.5%</td><td>14.5%</td><td>up (weak)</td><td colspan="2">up</td><td>up</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Gold Mining Stock Indices</td><td> </td><td>                                         </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Gold Bugs Index (HUI)</td><td>275.58</td><td>406.90</td><td>(3.5)%</td><td>47.7%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>TSX Gold Index (TGD)</td><td>336.87</td><td>484.31</td><td>(3.8)%</td><td>48.8%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>%</td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>U.S. 10-Year Treasury Bond yield</td><td>4.58%</td><td>4.27%</td><td>(2.5)%</td><td>(6.8)%</td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Cdn. 10-Year Bond CGB yield</td><td>3.25%</td><td>3.31%</td><td>0.3</td><td>1.9%</td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Recession Watch Spreads</td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td>   </td></tr><tr><td>U.S. 2-year 10-year Treasury spread</td><td>0.33%</td><td>0.53%</td><td>12.8%</td><td>60.6%</td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Cdn 2-year 10-year CGB spread</td><td>0.30%</td><td>0.71%</td><td>9.2%</td><td>136.7%</td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Currencies</td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>US$ Index</td><td>108.44</td><td>97.33 (new lows)</td><td>(1.5)%</td><td>(10.3)%</td><td>down</td><td colspan="2">down</td><td>down</td></tr><tr><td>Canadian $</td><td>69.49</td><td>0.7297</td><td>0.3%</td><td>5.0%</td><td>up</td><td colspan="2">up</td><td>down (weak)</td></tr><tr><td>Euro</td><td>103.54</td><td>117.11 (new highs)</td><td>1.7%</td><td>13.1%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>Swiss Franc</td><td>110.16</td><td>125.06 (new highs)</td><td>2.3%</td><td>13.5%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>British Pound</td><td>125.11</td><td>137.10 (new highs)</td><td>2.0%</td><td>9.6%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>Japanese Yen</td><td>63.57</td><td>69.11</td><td>1.0%</td><td>8.7%</td><td>up</td><td colspan="2">up</td><td>neutral</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Precious Metals</td><td> </td><td>                                       </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Gold</td><td>2,641.00</td><td>3,275.09</td><td>(2.8)%</td><td>24.0%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>Silver</td><td>29.24</td><td>35.93</td><td>(0.2)%</td><td>22.9%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td>Platinum</td><td>910.50</td><td>1,336.80 (new highs)</td><td>5.9%</td><td>46.8%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Base Metals</td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Palladium</td><td>909.80</td><td>972.00</td><td>(6.7)%</td><td>6.8%</td><td>up</td><td colspan="2">up</td><td>down</td></tr><tr><td>Copper</td><td>4.03</td><td>5.06</td><td>4.8%</td><td>25.6%</td><td>up</td><td colspan="2">up</td><td>up</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>Energy</td><td> </td><td> </td><td> </td><td> </td><td> </td><td colspan="2"> </td><td> </td></tr><tr><td>WTI Oil</td><td>71.72</td><td>                 65.08</td><td>(12.1)%</td><td>(9.3)%</td><td>neutral</td><td colspan="2">neutral</td><td>down</td></tr><tr><td>Nat Gas</td><td>3.63</td><td>3.74</td><td>(3.9)%</td><td>3.0%</td><td>up (weak)</td><td colspan="2">up (weak)</td><td>neutral</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></tbody></table><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-29.jpg" alt="" class="wp-image-656879" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-29.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-29-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-29-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-29-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-29-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
This is a theme that pervades others, including bond yields, the US$ Index, and gold. First off, hopes are rising for a Fed rate cut at the July 29–30 FOMC. Trump wants to replace Jerome Powell with Christopher Waller who is more dovish on rates than Powell. Trump’s public haranguing of Powell is not good because the bond market in particular doesn’t like to see political interference with the Fed. Nonetheless, the market is moving to thinking two or maybe even three rate cuts may occur this year, up from one. Also, peace was established (for now) in the Middle East and oil prices fell. The MAG7 and other tech stocks had good advances this past week. As we noted previously, the rally appears to be broadening out as seen by the advance/decline line.
Both the S&P 500 and the NASDAQ hit all-time highs this past week. They were up 3.4% and 4.3% respectively. The Dow Jones Industrials (DJI) rose 3.8% but saw no new highs. The Dow Jones Transportations (DJT) had a good week, up 4.9%, but is nowhere near its recent highs, let alone its all-time highs. A major divergence with the DJI. The S&P 400 (Mid) rose 2.6% while the S&P 600 (Small) was up 3.1%. Neither index is anywhere near their all-time highs. The NY FANG Index hit all-time highs, up 6.0%. The S&P 500 Equal Weight Index was up 2.2% but remains short of its all-time high. A potential divergence with the S&P 500 if the market turns down? Bitcoin was up 3.5% but remains shy of its all-time high.
In Canada, the TSX Composite gained 0.7% to all-time highs while the TSX Venture Exchange (CDNX) gained 1.8%. In the EU, the London FTSE was up 0.3%, the EuroNext was up 1.1%, the Paris CAC 40 was up 1.3%, and the German DAX gained 2.9%. No all-time highs, though. In Asia, China’s Shanghai Index (SSEC) was up 1.9%, the Tokyo Nikkei Dow (TKN) gained 4.6%, while Hong Kong’s Hang Seng (HSI) was up 3.2%. Gains all around.
The steep rise continues. And, as we know from experience, steep rises like this are not sustainable. Is a golden cross pending? It’s hard to say. The NASDAQ is closer. RSI is creeping over 70, overbought. A break back under 5,950 could signal a top. Under 5,800 a top is in. That upsloping line connecting tops seems to suggest we have a little more up wiggle room. Will it happen? Things can change quickly as Trump ups his trade wars with Canada (and others to come?), while the Israel/Iran peace is fragile.
Economic numbers are also rolling over as witnessed by decreased income and spending and a negative Q1. We await rising unemployment, and suspect it’s coming. Lots of layoffs, but they don’t necessarily show up immediately due to severance, etc. Is the Fed cutting rates? The odds have risen for a July cut. The Fear/Greed index is moderately bearish at Greed. July can often see turns in the stock market. It can be the best month of Q3, but then beware August/September when we start to get the worst months. So, we don’t deny we could continue higher, but we’re getting long in the tooth and, given a 27.6% gain off that April low, we know this can’t continue for long.
<h3 class="wp-block-heading">The Scorecard</h3>
<h3 class="wp-block-heading">Selected Performance Since Inauguration Day 2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-21.jpg" alt="" class="wp-image-656875" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-21.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-21-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-21-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-21-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-21-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
Despite gold taking a rest this past week, it still leads the pack, up 21.3% since Inauguration Day. The MSCI World Index remains second, up 15.5%. Oil’s big dip down put it back in the cellar again, down 15.9% so far. The US$ Index is not faring well either, down 11.0%. Most others are hanging at or just above 0 with the TSX the best of the lot, up 6.5%. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-25.jpg" alt="" class="wp-image-656874" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-25.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-25-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-25-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-25-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-25-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
The NASDAQ made new all-time highs this past week, spurred on by the MAG7 and earnings. Helping as well was easing of global tensions, a dovish outlook towards rates, and optimism that trade issues will be resolved. They may not want to hold their breath. Right now, it looks like the NASDAQ broke out. But we won’t feel comfortable about the breakout until we clear and close over 20,500. Key, of course, are the MAG7 stocks where this past week six out of the seven were up on the week, with only Apple faltering—if you want to call “flat” faltering.
Broadcom rose 7.7%, Nvidia was up 9.6%, Meta was up 7.5%, and Microsoft made all-time highs, up 3.9%. Netflix also made all-time highs again, up 7.5%. No surprise that the NY FANG Index rose 6.0%. As noted, this up move from the April low has been quite sharp with few pullbacks. A break under 19,750 would signal we might have topped. Under 19,250 we’ve topped. RSI is creeping over 70, in overbought territory. But we note few if any negative divergences yet. 
<h3 class="wp-block-heading">U.S. GDP quarter over quarter Annual Growth 2022–2025</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="566" src="https://born2invest.com/wp-content/uploads/2025/06/image-9.gif" alt="" class="wp-image-656876"/><figcaption class="wp-element-caption">Source: <a href="http://www.tradingeconomics.com" target="_blank" rel="noreferrer noopener nofollow">www.tradingeconomics.com</a>, <a href="http://www.bea.gov" target="_blank" rel="noreferrer noopener nofollow">www.bea.gov</a></figcaption></figure>
U.S. GDP fell by 0.5% in Q1. The previous quarter, Q4 2024, GDP rose 2.4%. First effects of the Trump presidency? The market had expected a decline of 0.2%. It was the first decline in three years. Downward revisions came in consumer spending and exports. 
There were also downward revisions to imports, but not enough to offset downward revisions of exports. It is the first potential sign of the tariff effect. Federal government spending also fell more than expected. Federal spending can be an important support to the economy. Where do we go from here? Two consecutive quarters of negative growth is an official recession. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-30.jpg" alt="" class="wp-image-656878" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-30.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-30-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-30-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-30-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-30-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
Another week, another record high for the TSX Composite. It’s been straight up since that April low, but the index is showing signs of fatigue as we appear to be flattening out. Note that the TSX never made a death cross during that fall and now the indicator has turned up again. The TSX gained 0.7% this past week. The TSX 60 also made record highs again up 0.8%. The TSX Venture Exchange (CDNX) also held up, gaining 1.8%. Most sub-indices were up on the week with 11 winners and only three losers. The losers were probably no surprise with Energy (TEN) down 5.6%, Golds (TGD) off 3.8%, and Materials (TMT) down 2.0%. Surprisingly, Metals & Mining (TGM) held in, up 0.6%.
Leading the charge to the upside was Information Technology (TTK), up 4.1%. Financials (TFS) charged to new all-time highs, up 2.2%. The only other significant winner was Health Care (THC), up 2.4%, but it remains as the year’s poorest performer, down 19.9%. The TSX appears to be rolling over. Note the falling RSI indicator. Volume has tailed off as well. Under 26,500 might start a down move. Under 26,000 we’re going down for sure. Long-term support is at 25,000.
<h3 class="wp-block-heading">U.S. 10-year Treasury Note, Canada 10-year Bond CGB</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="829" height="575" src="https://born2invest.com/wp-content/uploads/2025/06/image-7.gif" alt="" class="wp-image-656865"/><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.tradingeconomics.com</a>, <a href="http://www.home.treasury.gov" target="_blank" rel="noreferrer noopener nofollow" class="broken_link">www.home.treasury.gov</a>, <a href="http://www.bankofcanada.ca" target="_blank" rel="noreferrer noopener nofollow">www.bankofcanada.ca</a></figcaption></figure>
Bond yields fell this past week with the U.S. 10-year Treasury note dropping to 4.27% from 4.38%. As with stocks, bond yields were responding to peace in the Middle East (for the moment) and dovish statements from Fed officials. One dovish statement came from Fed Governor Christopher Waller. Trump has suggested that Powell be replaced with Waller. Trump wants rates down now to help hold off any recession rather than waiting for data, which is how Powell tends to act. 
The Q1 GDP decline of 0.5% was the first sign of probable weakness going into the second half of the year. Inflation has been muted, as even the PCE prices were roughly the same this past week. Other weak numbers were moderating home prices, the decline in the Conference Board’s consumer sentiment, new home sales falling 13.7% after a 9.6% gain in April, Q1 corporate profits off 3.3% vs. 5.9% gain in Q4 2024, and personal income and spending down in May by 0.4% and 0.1% respectively. 
Initial jobless claims were 236,000 vs. 246,000 the previous week. Durable goods orders jumped 16.4% in May. So, we’re not completely dead. Oil prices dropped as a result of peace breaking out. The market mostly is front-running expectations of a July rate cut rather than waiting until September. Canada’s 10-year
Government of Canada bond (CGB) was largely unchanged, up 1 bp to 3.31%. The 2–10 spread widened to 53 bp from 47 bp in the US and was up to 71 bp from 65 bp in Canada. That’s mainly because the 2-year note fell more than the 10-year in anticipation of a rate cut. The U.S. 10-year has broken the uptrend and could even fall back towards 4.00%, a level we saw in late April.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-26.jpg" alt="" class="wp-image-656870" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-26.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-26-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-26-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-26-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-26-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
The US$ Index fell to new 52-week lows this past week, losing 1.5%. The US$ Index has been falling on expectations of a Fed rate cut as early as the July meeting. The dollar has also been losing altitude because of the ongoing Trump/Powell feud. Finally, Trump’s on-again, off-again trade ramblings create uncertainty. So, sell the dollar. Capital flows are moving elsewhere as hedged positions unwind and capital goes back to its source. The other currencies are not complaining as a number of them made new 52-week highs this past week.
They were the euro, up 1.7%, the Swiss franc, up 2.3%, and the pound sterling, up 2.0%. Not making new highs was the Japanese yen, up 1.0%, while the Cdn$ gained 0.3%. The Cdn$ was up more but sold back on news of Trump announcing the end of trade discussions with Canada over the digital tax. The US$ Index may find support here. A break under 97.00 could end that and the downtrend continues. It would take a breakout over 99 to suggest this downtrend is over. Above 100.50 it’s definitely over and we could test up to 102. If that happened, it wouldn’t be good for gold.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-24.jpg" alt="" class="wp-image-656873" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-24.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-24-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-24-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-24-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-24-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
It wasn’t a good week for the gold bugs. Peace was established, for the moment, in the Middle East. The Fed kept rates unchanged, as we all expected. But that was not overly friendly for gold. Of bigger interest is the ongoing fight between Trump and Powell. If Trump gets his way for the Fed to cut rates up to 2.5%, gold would likely soar. Nonetheless, this past week gold was weak because of peace, no rate cuts, and the stock market up yet again. The US$ Index fell. Gold would normally go up when that happens. Not this time. Both gold and the US$ Index fell. A divergence?
On the week, gold fell 2.8% while silver was down 0.2%. Another divergence as silver showed stronger. But the real star has been the ongoing rise/recovery of platinum (also known as “white gold”) that was up again by 5.9% to fresh 52-week highs. Helping platinum were power shortages in South Africa where 70% of the global supply comes from. Also, there was good demand for platinum, particularly in the automobile industry. Green energy is also fuel for platinum. On the other hand, palladium fell 6.7%, helped by increasing supply.
Palladium has been moving from undersupplied to oversupplied. Copper, which is often a leader for gold rose 4.8% to close over $5. Tariff threats helped copper, along with tightening supply. There have also been disruptions to supply out of China. Copper is heavily used in green energy and EVs.
Gold broke support, suggesting now that it could fall to $3,150, the next good support. Major support is way down around $2,900. We are still questioning as to whether this is an E wave to an ABCDE-type correction that got underway with the high at $3,500. That correction back in October/December saw gold fall just over 9%. A comparable decline today would take gold to $3,185, close to our $3,150 support. 
Lots of things could reverse gold back to the upside, including the war in the Middle East resuming or the public fight between Trump and Powell intensifying, causing nervous investors to run to safe havens such as gold. New highs above $3,500 would end discussions of a decline for gold. Gold still remains bullish. But it must work through this correction. Again, this should be the last wave down of the pattern. July lows are not unusual for gold.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="477" src="https://born2invest.com/wp-content/uploads/2025/06/image-32.jpg" alt="" class="wp-image-656881" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-32.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-32-300x173.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-32-768x442.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-32-100x58.jpg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
If there is something positive to say about silver, it’s that while silver fell this past week it outperformed gold. Silver fell 0.2%. Gold fell 2.8%. Earlier, silver had moved forward, breaking above $36 and making 52-week highs. Gold did rebound at that time but failed to take out the old high of $3,500. It’s an ongoing divergence. We’d like to say the divergence is in favour of silver. If that’s correct, then new highs for both should occur when this current correction is over. The fear right now is whether that breakout over $36 is a false move.
We didn’t get substantially above to help suggest this was a good move. Now a break back under $35 could end the magic and turn silver down once again. Yes, there is good support down to $32, but we’d prefer not to see that. Under $32 silver is in more trouble. Under $31.50 we could test those last lows at $28.45. We keep hearing silver is about to explode to the upside. The problem is we’ve been hearing that for some time now and we’re still waiting. The breakout target is $44. But to realize that, we need to recover soon and see new highs above $37.30 the high so far. Indicators are for the most part neutral here.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="494" src="https://born2invest.com/wp-content/uploads/2025/06/image-27.jpg" alt="" class="wp-image-656877" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-27.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-27-300x179.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-27-768x458.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-27-100x60.jpg 100w, https://born2invest.com/wp-content/uploads/2025/06/image-27-400x240.jpg 400w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
We can’t say we were surprised at the drop in the gold stocks this past week. The chart had been looking a bit iffy as we noted the previous week. Now the question is, how deep will the correction be? On the week, the TSX Gold Index (TGD) fell 3.8% while the Gold Bugs Index (HUI) was down 3.5%. The worst day was Friday, June 27 when the index fell 3.7%. We can see support for the TGD down to 470, but under that the correction could be steeper. After all, the TGD is up 43.8% on the year and the HUI up 47.7%. So, at best, profit-taking is not unusual. But, as we noted with gold itself, we don’t believe the bull is over.
For the TGD we’d have to break back under 412. But we can’t dismiss a possible correction not dissimilar to that October to December decline when the TGD fell 20%. A comparable move now would be a decline to 414 which, coincidently, is just above the 412 point we noted. To put the bull back in place we’d have to break above 520.0. After that low in December, the potential for the TGD was a rise to just over 500. We accomplished that and exceeded it. The trend remains up as long as we hold above 465/470. Under that level, the trend would be weakened and set us up for a steeper correction.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="677" src="https://born2invest.com/wp-content/uploads/2025/06/image-31.jpg" alt="" class="wp-image-656880" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-31.jpg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-31-300x245.jpg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-31-768x628.jpg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-31-100x82.jpg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.stockcharts.com" target="_blank" rel="noreferrer noopener nofollow">www.stockcharts.com</a></figcaption></figure>
That is one big oopsy! The war is on. They’ll close the Straits of Hormuz. Oops, let’s make peace instead. And then, down we go as if we were never there. That was quite the hiccup. We broke out of that long downtrend line from the 2022 high at the time of Russia/Ukraine war. Then we didn’t. A false breakout? The only good news was at the end of the week we were still holding above that uptrend line from the May low at $56.46. Instead of war, we’re back to OPEC expectations, supply/demand. But will the peace last? Don’t hold your breath. A break of $62 could take us down to test that May low. Natural gas (NG) would have to break under $3.50. What could help keep the price of oil up is that the stocks are close to their five-year average on the low side. They need replenishing.
On the week, WTI oil fell 12.1%. Brent crude was down 12.7%. Natural gas (NG) also reacted negatively to the ceasefire as NG at the Henry Hub fell 3.9% but NG at the EU Dutch Hub dropped a sharp 18.3%. The energy stocks didn’t like any of it but, surprisingly, fared well by comparison. The ARCA Oil & Gas Index (XOI) was down 4.2% while the TSX Energy Index (TEN) fell 5.6%. We’ll take our cue from the stocks and our suspicion is this isn’t over. NG also held an uptrend line. So far, so good. This might be a good case of “buy the dip.”
A nice visual showing where the largest oil reserves lie:
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="828" height="707" src="https://born2invest.com/wp-content/uploads/2025/06/image-1.jpeg" alt="" class="wp-image-656869" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-1.jpeg 828w, https://born2invest.com/wp-content/uploads/2025/06/image-1-300x256.jpeg 300w, https://born2invest.com/wp-content/uploads/2025/06/image-1-768x656.jpeg 768w, https://born2invest.com/wp-content/uploads/2025/06/image-1-100x85.jpeg 100w" sizes="(max-width: 828px) 100vw, 828px" /><figcaption class="wp-element-caption">Source: <a href="http://www.visualcapitalist.com" target="_blank" rel="noreferrer noopener nofollow">www.visualcapitalist.com</a></figcaption></figure>
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(Featured image by <a href="https://unsplash.com/photos/stock-charts-are-displayed-on-multiple-screens-VM_6EtTAfDQ" target="_blank" rel="noopener">Jakub Żerdzicki</a> via <a href="https://unsplash.com/license" target="_blank" rel="noreferrer noopener">Unsplash</a>)
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<imageurl>https://born2invest.com/wp-content/uploads/2025/06/jakub-zerdzicki-VM_6EtTAfDQ-unsplash-1-740x490.jpg</imageurl><photo_credit>(Featured image by Jakub Żerdzicki via Unsplash)</photo_credit><tags>featured,inflation rate,interest rates,stock markets,trade wars</tags> </item>
<item>
<title>The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [NordVPN Affiliate Program Review]</title>
<link>https://born2invest.com/articles/nordvpn-affiliate-program-review-2025/</link>
<dc:creator><![CDATA[Dylan Wiley]]></dc:creator>
<pubDate>Fri, 27 Jun 2025 19:00:00 +0000</pubDate>
<category><![CDATA[Business]]></category>
<category><![CDATA[affiliate marketing]]></category>
<category><![CDATA[big tech]]></category>
<category><![CDATA[EU]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[NordVPN]]></category>
<category><![CDATA[topranked.io]]></category>
<category><![CDATA[USA]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656839</guid>
<description><![CDATA[There's a bit of a vibe in the EU right now that's slowly taking hold of everyone, from everyday consumers right through to the upper levels of business and the government. And the best part is, you can absolutely monetize it. The only thing you'll need is the right messaging coupled with the right program... something like our affiliate program of the week, the NordVPN Affiliate Program.]]></description>
<content:encoded><![CDATA[
<p style="
font-size: small !important;
color: gray;
text-align: center;
">Quick Disclosure: We’re about to tell you how the NordVPN Affiliate Program is pretty great. And we really mean it. Just know that if you click on a NordVPN Affiliate Program link, we may earn a small commission. Your choice.
Go do a search for “YouTube Sponsors” on Google.
Go on. I dare you.
Now now look at the images.
Chance are, you’re probably going to see something like this.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="500" height="500" src="https://born2invest.com/wp-content/uploads/2025/06/image-137.png" alt="" class="wp-image-656843" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-137.png 500w, https://born2invest.com/wp-content/uploads/2025/06/image-137-300x300.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-137-150x150.png 150w, https://born2invest.com/wp-content/uploads/2025/06/image-137-100x100.png 100w, https://born2invest.com/wp-content/uploads/2025/06/image-137-80x80.png 80w, https://born2invest.com/wp-content/uploads/2025/06/image-137-60x60.png 60w" sizes="(max-width: 500px) 100vw, 500px" /></figure>
Or this.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="480" height="360" src="https://born2invest.com/wp-content/uploads/2025/06/image-138.png" alt="" class="wp-image-656844" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-138.png 480w, https://born2invest.com/wp-content/uploads/2025/06/image-138-300x225.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-138-100x75.png 100w" sizes="(max-width: 480px) 100vw, 480px" /></figure>
And with good reason — sponsored slots for the likes of NordVPN are literally everywhere, and they’re not going away.
Why?
Well, here’s one guess — clearly, people keep signing up.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="640" height="480" src="https://born2invest.com/wp-content/uploads/2025/06/image-139.png" alt="" class="wp-image-656845" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-139.png 640w, https://born2invest.com/wp-content/uploads/2025/06/image-139-300x225.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-139-100x75.png 100w" sizes="(max-width: 640px) 100vw, 640px" /></figure>
And if that’s the case, then there’s probably something you should know.
You can sign some of those people up (and make a pretty penny while you’re at it), too!
All you need is a handy dandy affiliate link.
<h3 class="wp-block-heading">TopRanked.io Affiliate Partner Program of the Week — NordVPN Affiliate Program</h3>
Psst. Ever heard of the NordVPN Affiliate Program?
No?
Well, now you have.
And FYI: it’s the only thing you need to start earning the big bucks for signing people up to NordVPN.
Also, the whole YouTube social proof thing aside, it’s also a pretty great affiliate program.
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
<h4 class="wp-block-heading">NordVPN Affiliate Program — The Product</h4>
Look, I know you probably think you already know what the NordVPN affiliate program is all about. After all, the product’s in the NordVPN affiliate program name, right?
But here’s something them YouTubers rarely talk about. The NordVPN affiliate program actually has a bunch of security/privacy products on offer.
This means, if you sign up with the NordVPN affiliate program, you can sell everything from what’s on the tin (VPNs) through to stuff like encrypted cloud storage and password management products.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="260" height="641" src="https://born2invest.com/wp-content/uploads/2025/06/image-140.png" alt="" class="wp-image-656847" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-140.png 260w, https://born2invest.com/wp-content/uploads/2025/06/image-140-122x300.png 122w, https://born2invest.com/wp-content/uploads/2025/06/image-140-41x100.png 41w" sizes="(max-width: 260px) 100vw, 260px" /></figure>
Sweet, right?
But the NordVPN affiliate program gets better. Let’s take a look at the commissions.
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
<h4 class="wp-block-heading">NordVPN Affiliate Program — Commissions + Other Useful Stuff</h4>
As far as affiliate program commissions go, the NordVPN affiliate program is pretty hard to top. And I’m not even talking about the VPN niche.
In general, the NordVPN affiliate program commissions are right up there with some of the highest rates in any niche. In fact, they’re even better than some <a href="https://topranked.io/top-gambling-affiliate-merchants/best-casino-games-affiliate-program/" target="_blank" rel="noopener">iGaming affiliate programs</a>.
Here, let me prove it to you — here’s the basic breakdown of what to expect from the NordVPN affiliate program.
<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Plan Type</th><th>First Sale Commission</th><th>Renewal Commission</th></tr></thead><tbody><tr><td>1‑month</td><td>100 %</td><td>30 %</td></tr><tr><td>6‑month / 1‑year / 2‑year</td><td>40 %</td><td>30 %</td></tr></tbody></table></figure>
And yes, those renewal commissions are for life — so long as your referral keeps their subscription active, the NordVPN affiliate program will keep on paying you a 30% commission on whatever their renewal prices are.
Also, as a nice little kicker, if you’re a half-decent affiliate and deliver some decent volume for the NordVPN affiliate program, negotiable custom rates are totally on the table.
Oh, and did I mention that the NordVPN affiliate program gives you a 30-day cookie life?
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
<h4 class="wp-block-heading">NordVPN Affiliate Program — Next Steps</h4>
Let’s be honest here for a second — you’re going to be hard pressed to find anything better than the NordVPN affiliate program.
The brand has a solid reputation.
The product is clearly still in demand.
And, the commissions are about as good as you’ll find anywhere, in any niche.
But hey, I get it. Maybe you’ve still got some questions you want answered before diving head first into a relationship with the NordVPN affiliate program. So, if this is you, then why not head on over to TopRanked.io and take a look at our <a href="https://topranked.io/all-listings/nordvpn-affiliate-program/" target="_blank" rel="noopener">in-depth NordVPN affiliate program review</a>?
Or, if you know a good thing when it slaps you in the face, then simply head here to <a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="noopener">sign up with the NordVPN affiliate program today</a>.
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
<h3 class="wp-block-heading">Affiliate News Takeaways</h3>
In the last week or so, there’s been a bunch of stories with a similar theme cropping up all over the place.
As for what that theme is, let’s start with <a href="https://www.swissinfo.ch/eng/swiss-politics/swiss-petition-against-us-f-35-fighter-jets-gathers-42000-signatures/89539410" target="_blank" rel="noopener">this story</a> as a hint — “Swiss petition against US F-35 fighter jets gathers 42,000 signatures.”
Now, for those of you who know anything about the F35, you’re probably thinking you know why 42,000 Swiss signed the petition — the F35’s not exactly what you’d call “value for money.”
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="960" height="588" src="https://born2invest.com/wp-content/uploads/2025/06/image-141.png" alt="" class="wp-image-656848" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-141.png 960w, https://born2invest.com/wp-content/uploads/2025/06/image-141-300x184.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-141-768x470.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-141-100x61.png 100w" sizes="(max-width: 960px) 100vw, 960px" /></figure>
But let’s be serious for a moment here.
Do you really think the Swiss are the sort of people who’d abandon a jet just becaue it’s a few dollars over budget?
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="682" height="1024" src="https://born2invest.com/wp-content/uploads/2025/06/image-142-682x1024.png" alt="" class="wp-image-656849" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-142-682x1024.png 682w, https://born2invest.com/wp-content/uploads/2025/06/image-142-200x300.png 200w, https://born2invest.com/wp-content/uploads/2025/06/image-142-768x1154.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-142-67x100.png 67w, https://born2invest.com/wp-content/uploads/2025/06/image-142.png 926w" sizes="(max-width: 682px) 100vw, 682px" /></figure>
No, of course not! They’re not penny pinchers.
The real reason for the petition, according to the petition itself, is “the dependence on the United States that we have contracted with the purchase of this jet; it is and remains indecent”.
Translation — the Swiss (or, at least, a bunch of them) no longer wanna do business with the US of A.
And they’re not the only ones.
In fact, there’s a growing “let’s break up with the USA” sentiment brewing in the EU.
Take <a href="https://www.politico.eu/article/donald-trump-eu-internet-europe-us-trade-war-data-cyber/" target="_blank" rel="noopener">this Politico article</a> from just a few days ago, for instance, where EU pundits agonize over the possibility of Trump “pulling the plug” on their internet.
Or how about <a href="https://www.nytimes.com/2025/06/20/technology/us-tech-europe-microsoft-trump-icc.html" target="_blank" rel="noopener">this one from the NYT</a> that kicks off with that little episode where Karim Khan got his email cut off by Microsoft in the wake of <a href="https://www.whitehouse.gov/presidential-actions/2025/02/imposing-sanctions-on-the-international-criminal-court/" target="_blank" rel="noopener">Trump’s ICC sanctions EO</a>.
Apparently, according to the article, “The episode has set off alarms across Europe about how dependent European governments, businesses and citizens are on American tech companies like Microsoft for essential digital infrastructure — and how hard it will be to disentangle themselves.”
Yeah, dependence is a tough thing to break — trust me, I know.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="938" src="https://born2invest.com/wp-content/uploads/2025/06/image-143-1024x938.png" alt="" class="wp-image-656850" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-143-1024x938.png 1024w, https://born2invest.com/wp-content/uploads/2025/06/image-143-300x275.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-143-768x704.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-143-1536x1407.png 1536w, https://born2invest.com/wp-content/uploads/2025/06/image-143-100x92.png 100w, https://born2invest.com/wp-content/uploads/2025/06/image-143.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Anyway, this isn’t just confined to the whole political sphere, either, even if that’s what most of the news coverage has been about.
Increasingly, “de-USAing” is becoming a bigger and bigger thing with consumers, too.
Take the <a href="https://www.reddit.com/r/BuyFromEU/" class="broken_link" target="_blank" rel="noopener">r/BuyFromEU</a> subreddit, for instance.
It only got started a few months ago, and recently crossed over into the top 1% of subreddits on the platform (234k members as of this instant).
Now, granted. Maybe that growth was purely from EU patriots who wanna follow in Trump’s steps and make the EU great again.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="640" height="895" src="https://born2invest.com/wp-content/uploads/2025/06/image-144.png" alt="" class="wp-image-656851" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-144.png 640w, https://born2invest.com/wp-content/uploads/2025/06/image-144-215x300.png 215w, https://born2invest.com/wp-content/uploads/2025/06/image-144-72x100.png 72w" sizes="(max-width: 640px) 100vw, 640px" /></figure>
And if that’s where the growth is — EU patriots — then calling this a US backlash would be misguided.
But, in many ways, EU consumers are more like their American counterparts than they’d probably like to admit. That is to say that, just as US “<a href="https://www.newsweek.com/poll-consumers-american-made-price-increases-2080318" target="_blank" rel="noopener">Consumers Prefer American-Made, But Aren’t Willing to Pay</a>”, EU consumers typically aren’t, either.
If you want a good case in point here, go take a look at Tesla (which is <a href="https://www.aol.com/tesla-sales-down-europe-fifth-155103122.html" target="_blank" rel="noopener">still tanking in the EU</a>, despite Musk and Trump officially having broken up).
Do you think all those Europeans ditching Tesla are proudly supporting VW now?
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="983" height="1024" src="https://born2invest.com/wp-content/uploads/2025/06/image-145-983x1024.png" alt="" class="wp-image-656852" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-145-983x1024.png 983w, https://born2invest.com/wp-content/uploads/2025/06/image-145-288x300.png 288w, https://born2invest.com/wp-content/uploads/2025/06/image-145-768x800.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-145-96x100.png 96w, https://born2invest.com/wp-content/uploads/2025/06/image-145.png 1080w" sizes="(max-width: 983px) 100vw, 983px" /></figure>
Of course they aren’t.
Instead, they’re all <a href="https://www.jato.com/resources/media-and-press-releases/byd-outsells-tesla-in-europe-for-the-first-time-as-registrations-surge-in-april" target="_blank" rel="noopener">switching to Chinese brands</a>. (Well, maybe not all of them are, but Chinese brands have been the biggest winners by a very, very long shot.)
Another thing to note as well is that this whole anti-US shift isn’t a “Big Tech” backlash, either, so this isn’t just limited to ditching Tesla/Google/etc.
Here’s <a href="https://www.reuters.com/world/europe/danes-boycotting-us-products-like-coca-cola-carlsberg-says-2025-04-29/" target="_blank" rel="noopener">one story</a> of a product entirely devoid of any tech, courtesy of Carlsberg, the beer company, which also happens to be an EU bottler for a bunch of soft drinks.
One of those drinks is featured in the image below… see if you can guess what it is.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="700" height="933" src="https://born2invest.com/wp-content/uploads/2025/06/image-146.png" alt="" class="wp-image-656853" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-146.png 700w, https://born2invest.com/wp-content/uploads/2025/06/image-146-225x300.png 225w, https://born2invest.com/wp-content/uploads/2025/06/image-146-75x100.png 75w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
Yep, that’s a Coke bottle. And, apparently, Carlsberg’s shipping way fewer of ‘em in recent times.
And not in a “times are tough, so people are cutting back on sugary beverages” kinda way.
Rather, people are switching to rival, non-US brands.
And the damage doesn’t stop at US brands either — according to <a href="https://www.rudebaguette.com/en/2025/06/europe-turns-its-back-on-america-massive-travel-boycott-slams-u-s-tourism-industry-as-revenues-plunge-and-destinations-empty-out/" target="_blank" rel="noopener">another story</a> from a couple of weeks ago, “the decline in European tourists visiting the United States has reached alarming levels.” Apparently, big multi-national hotel operators are seeing “a 25% decrease in summer bookings” in the US, with those travellers instead opting to head to “alternative destinations such as Canada, Egypt, and Latin America over the United States.”
And I suspect there’s a bit more to that decline than Norwegians and their love for JD Vance memes…
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="642" height="576" src="https://born2invest.com/wp-content/uploads/2025/06/image-147.png" alt="" class="wp-image-656854" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-147.png 642w, https://born2invest.com/wp-content/uploads/2025/06/image-147-300x269.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-147-100x90.png 100w" sizes="(max-width: 642px) 100vw, 642px" /></figure>
Anyway, that’s enough of that by now. Hopefully we’re starting to get the picture — that there’s a growing body of EU citizens that are actively looking to reject the USA in just about every way possible.
What I really want to get to is what this has to do with us as affiliates. After all, cancelled F35 orders and declining Coca-Cola sales aren’t exactly relevant to us in affiliate land.
But you know what is?
The internet.
And here, on the internet, we’re starting to see some shifts.
Ecosia (an EU Google/Bing alternative), for instance, just posted a 27% bump in user numbers. (Not that that really amounts to anything earth shattering — the company now says it has <a href="https://www.innovationaus.com/europeans-seek-digital-sovereignty-as-they-reject-us-tech-firms/#:~:text=company%20says%20it%20has%201%20per%20cent%20of%20the%20German%20search%20engine%20market" target="_blank" rel="noopener">1% of the German market</a>, so still a bit of catching up to do.)
Proton mail (a privacy-focussed Outlook/Gmail alternative) has also seen a recent <a href="https://www.innovationaus.com/europeans-seek-digital-sovereignty-as-they-reject-us-tech-firms/#:~:text=Use%20in%20Europe%20of%20Swiss%2Dbased%20ProtonMail%20rose%2011.7%20per%20cent" target="_blank" rel="noopener">double-digit bump in EU users</a>. (Some of that <a href="https://www.nytimes.com/2025/06/20/technology/us-tech-europe-microsoft-trump-icc.html?unlocked_article_code=1.QU8.L7r1.jIQ5Sl08LtOG&smid=nytcore-android-share#:~:text=Some%20at%20the%20I.C.C.%20are%20now%20using%20Proton%2C%20a%20Swiss%20company%20that%20provides%20encrypted%20email%20services%2C%20three%20people%20with%20knowledge%20of%20the%20communications%20said." target="_blank" rel="noopener">might have come</a> from the ICC after their little technical issue with Microsoft…)
And even PewDiePie, the original YouTube sheetposter, has been jumping on the bandwagon.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="744" height="524" src="https://born2invest.com/wp-content/uploads/2025/06/image-148.png" alt="" class="wp-image-656855" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-148.png 744w, https://born2invest.com/wp-content/uploads/2025/06/image-148-300x211.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-148-100x70.png 100w" sizes="(max-width: 744px) 100vw, 744px" /></figure>
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"><div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" ><a href="https://www.reddit.com/r/BuyFromEU/comments/1lle6yx/comment/mzzlevy/" target="_blank" rel="noopener">Comment</a> by<a href="https://www.reddit.com/user/lazernight13/" target="_blank" rel="noopener">u/lazernight13</a> from discussion<a href="https://www.reddit.com/r/BuyFromEU/comments/1lle6yx/pewdiepie_makes_a_video_about_degoogling/" target="_blank" rel="noopener"></a> in<a href="https://www.reddit.com/r/BuyFromEU/" class="broken_link" target="_blank" rel="noopener">BuyFromEU</a></blockquote><script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script>
</div></figure>
And you know what else has been happening?
Remember that thing called the fediverse? We’ve spoken about it a few times in the past, like in our <a href="https://born2invest.com/articles/seeking-alpha-affiliate-program-review/">Seeking Alpha affiliate program review</a> edition.
Well, guess what!?
It’s making a comeback!
Here’s an active users chart from Fediverse Observer.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://born2invest.com/wp-content/uploads/2025/06/image-149-1024x500.png" alt="" class="wp-image-656856" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-149-1024x500.png 1024w, https://born2invest.com/wp-content/uploads/2025/06/image-149-300x146.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-149-768x375.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-149-1536x750.png 1536w, https://born2invest.com/wp-content/uploads/2025/06/image-149-100x49.png 100w, https://born2invest.com/wp-content/uploads/2025/06/image-149.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Now, that chart aggregates users across a bunch of Fediverse apps (e.g., Mastodon, Lemi, etc.). And that of course means that some apps are winning way more than others.
One of the biggest winners has been Pixelfed — an Instagram alternative. Notice how the uptick kinda lines up with Zuck’s alignment with the US regime? Coincidence?
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://born2invest.com/wp-content/uploads/2025/06/image-150-1024x500.png" alt="" class="wp-image-656857" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-150-1024x500.png 1024w, https://born2invest.com/wp-content/uploads/2025/06/image-150-300x146.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-150-768x375.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-150-1536x750.png 1536w, https://born2invest.com/wp-content/uploads/2025/06/image-150-100x49.png 100w, https://born2invest.com/wp-content/uploads/2025/06/image-150.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Now, I know what you’re thinking here — “nice charts, but we’re still talking low millions here, which is nothing at web scale.”
And yeah, I agree.
But so what!?
Do you really need to have access to every single person on the internet to make a dime?
No. Especially when every single other affiliate out there’s also doing TikTok/email/SEO/whatever marketing. 
Let me put it this way. What would you rather have — A) zero competition access to 1,000,000 people, or; B) a million competitors for a billion people?
Personally, I’m taking option A.
And that’s the option that’s still available to you in certain parts of the fediverse — zero (or very low) competition access to a bunch of highly-engaged users.
After all, do you think Kim Kardashian’s posting summer tips in the Fediverse yet?
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="666" height="500" src="https://born2invest.com/wp-content/uploads/2025/06/image-151.png" alt="" class="wp-image-656858" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-151.png 666w, https://born2invest.com/wp-content/uploads/2025/06/image-151-300x225.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-151-100x75.png 100w" sizes="(max-width: 666px) 100vw, 666px" /></figure>
I don’t think so.
But hey, let’s pretend for a moment that you’re more of an option B kinda guy/gal — why should you care about the Fediverse?
Well, that ironically brings us to the latest news from Meta — <a href="https://www.platformer.news/threads-fediverse-feed-bluesky-mastodon/" target="_blank" rel="noopener">Threads is officially live in the Fediverse</a>.
And here’s what tech journalist Casey Newton has to say about that: “I can understand anyone who greets this news with a hearty “who cares?” For the moment, there simply isn’t all that much to browse on the Fediverse… [but] at the same time, the Fediverse has lacked a lot of the basic infrastructure necessary for apps like Threads to surface interesting posts and accounts. The addition of a Fediverse feed is a meaningful step to… giving people a place they can follow and interact with individual publications… That’s the sort of thing the Fediverse was always meant to make possible, and it’s just now coming into view.”
He then goes on to say, “Visibility on Threads offers people one reason they may want to build in the Fediverse, as opposed to somewhere else. If enough of them do, it could begin to accelerate demand for other apps and services.”
Now, don’t get me wrong. I’m far from the biggest Casey Newton fan for a number of reasons. But he makes a solid point here — this could be the sort of catalyst the Fediverse needs to really start catching on.
Now, when you couple it with the fact that the fediverse is already sorta catching on again, and the fact that there’s massive anti-US/Big Tech sentiment as our friends in the EU have demonstrated, then you kinda gotta wonder what might happen next.
<h4 class="wp-block-heading">Takeaway</h4>
Look, I admit it. All of the above was a lot of “look at this, now look at this” with a sudden “oh, and fediverse” pivot thrown in the middle. So let’s simplify it all:
<ul class="wp-block-list">
<li>The EU is increasingly looking to break up with the US.</li>
<li>At the consumer level, the result is a small movement looking to ditch US brands.</li>
<li>Also, the Fediverse is looking like it might be a beneficiary of this de-USAing vibe, given the renewed interest.</li>
<li>And, as ironic as it may be, Meta’s recent integration of the fediverse into Threads could be the catalyst that pushes the fediverse to new heights.</li>
</ul>
So, given that, there are probably a couple of takeaways here.
The first is that, particularly if you’re marketing to a certain subset of the EU population (and probably other countries… but we’re focussing on the EU here), promoting some good-ol anti-US stuff with a strong anti-US slant in your marketing could be a fruitful little venture.
And just in case you’re struggling to find some product ideas here, FYI, the NordVPN Affiliate Program comes from a company founded in Lithuania which later set up its headquarters in Amsterdam. Both of which are well and truly outside the borders of the USA and well within the borders of the EU.
Just saying.
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
As for the second takeaway, maybe, just maybe, it might be worth taking a first (or second) look at doing some marketing in the fediverse.
How you go about this exactly is up to you, of course. And it will probably depend on what corner of the fediverse you wanna test out.
Pixelfed might be a good one — it is, after all, the app that’s been showing some of the strongest growth. And hey, given the “early days” nature of the beast, you might even be able to just recycle some old Instagram “methods” from the Blackhat World archives.
In any case, whatever app you focus on, there’s one thing you should probably know.
The average fediverse user is highly likely to be way more privacy-conscious than the average Instagram/TikTok/whatever user.
Why am I telling you that?
Because that would make a little privacy-protecting something something from the NordVPN Affiliate Program a great product to try and sell to them!
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
<h3 class="wp-block-heading">Closing Thought</h3>
When I was reading through all the articles for this week’s news, there was a quote that caught my eye.
The quote comes from some random internet expert based in the UK (Maria Farrell). But the source isn’t important. Here’s the quote: “Ordinary people, the kind of people who would never have thought it was important they were using an American service are saying, ‘hang on!’”
Now, there’s nothing particularly inspiring about the quote in and of itself. But it did get me thinking — it’s funny how we get so complacent about the status quo, and never bother to question it until things “go wrong”.
And that brought me to this quote from former Intel CEO Andy Grove.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="850" height="400" src="https://born2invest.com/wp-content/uploads/2025/06/image-152.png" alt="" class="wp-image-656859" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-152.png 850w, https://born2invest.com/wp-content/uploads/2025/06/image-152-300x141.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-152-768x361.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-152-100x47.png 100w" sizes="(max-width: 850px) 100vw, 850px" /></figure>
And this one from Pat Riley of Miami Heat fame.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="850" height="400" src="https://born2invest.com/wp-content/uploads/2025/06/image-153.png" alt="" class="wp-image-656860" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-153.png 850w, https://born2invest.com/wp-content/uploads/2025/06/image-153-300x141.png 300w, https://born2invest.com/wp-content/uploads/2025/06/image-153-768x361.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-153-100x47.png 100w" sizes="(max-width: 850px) 100vw, 850px" /></figure>
Now, to be totally honest, I don’t know if I’m in full agreement with Andy’s “only the paranoid survive” thing.
After all, there are certain types of paranoia that won’t take you very far…
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="943" height="1024" src="https://born2invest.com/wp-content/uploads/2025/06/image-154-943x1024.png" alt="" class="wp-image-656861" srcset="https://born2invest.com/wp-content/uploads/2025/06/image-154-943x1024.png 943w, https://born2invest.com/wp-content/uploads/2025/06/image-154-276x300.png 276w, https://born2invest.com/wp-content/uploads/2025/06/image-154-768x834.png 768w, https://born2invest.com/wp-content/uploads/2025/06/image-154-92x100.png 92w, https://born2invest.com/wp-content/uploads/2025/06/image-154.png 992w" sizes="(max-width: 943px) 100vw, 943px" /></figure>
But, I do kinda like the general vibe of his quote — that getting too complacent ultimately ends up coming back to bite you in the ass.
And I also like the flipside offered by Pat Riley’s quote — that complacency is a hurdle standing in the way of greatness.
Now, of course, that’s not to say you should upend everything just because a bunch of successful people said complacency’s a bad thing.
What it is to say, however, is that sometimes, it’s probably worth questioning things.
“Am I satisfied with this?”
“Is there something better out there?”
“Maybe I should think about it another way!?”
You get the point.
And as for how you turn that into a concrete action you can take right now, here’s an idea.
Are you fully satisfied with the affiliate programs you’re currently promoting?
Maybe you want to try a new niche?
Or maybe you want to try a new affiliate program?
If you answered yes to any of these questions, then maybe, just maybe, it might be worth taking a look at the NordVPN affiliate program.
Just saying.
<figure class="wp-block-image size-full is-resized"><a href="https://affiliates.nordvpn.com/signup/81129" target="_blank" rel="sponsored noreferrer noopener" class="broken_link"><img loading="lazy" decoding="async" src="https://born2invest.com/wp-content/uploads/2024/03/image-28.png" alt="NordVPN Affiliate Program" class="wp-image-480749"></a></figure>
__
(Featured image by <a href="https://www.pexels.com/photo/123-let-s-go-imaginary-text-704767/" target="_blank" rel="noreferrer noopener">SevenStorm JUHASZIMRUS</a> via Pexels)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a href="https://born2invest.com/disclaimer-policy/">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a href="https://born2invest.com/disclaimer-policy/">important disclosures</a>.
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2022/09/pexels-sevenstorm-juhaszimrus-704767-740x490.jpg</imageurl><photo_credit>(Featured image by SevenStorm JUHASZIMRUS via Pexels)</photo_credit><tags>affiliate marketing,big tech,EU,featured,NordVPN,topranked.io,USA</tags> </item>
<item>
<title>Vytrus Biotech Marks Historic 2024 with Sustainability Milestones and 35% Revenue Growth</title>
<link>https://born2invest.com/articles/vytrus-biotech-sustainability-milestones/</link>
<dc:creator><![CDATA[Eva Wesley]]></dc:creator>
<pubDate>Fri, 27 Jun 2025 13:30:00 +0000</pubDate>
<category><![CDATA[Biotech]]></category>
<category><![CDATA[featured]]></category>
<category><![CDATA[Vytrus Biotech]]></category>
<category><![CDATA[Vytrus Biotech revenues]]></category>
<category><![CDATA[Vytrus Biotech turnover]]></category>
<category><![CDATA[Vytrus sustainability report]]></category>
<guid isPermaLink="false">https://born2invest.com/?p=656817</guid>
<description><![CDATA[Vytrus Biotech’s 2024 Sustainability Report highlights major progress in plant stem cell innovation, resource savings, and ESG efforts. Key achievements include award-winning product Baolift™, strong certifications, 200,000 tons water saved over four years, and €5M revenue (+35%). The company expanded sales in Spain and France and enhanced sustainability across its supply chain and governance.]]></description>
<content:encoded><![CDATA[
Vytrus Biotech, a <a href="https://born2invest.com/articles/vytrus-biotech-record-growth-recognition/" target="_blank" rel="noreferrer noopener">biotechnology company</a> that develops active ingredients for dermocosmetics and healthcare, has published its 2024 Sustainability Report, which adds to the first one already published, thus covering the company’s trajectory until 2023. 
With the aim of being a global leader in innovation and sustainability, the company uses its own technology based on plant stem cells. This method allows for savings of up to 99% in natural resources, compared to traditional systems.
<h3 class="wp-block-heading">Vytrus Biotech has classified 2024 as a historic year due to its financial results</h3>
Other highlights included the renewal of the company’s ISO 9001, COSMOS, GMP, and Innovative SME certifications, as well as the Ecovadis Platinum Medal, Muncunill Innovation Award, and Cosméticaforum Award. In terms of product innovation, the active ingredient Baolift ™ (a natural derivative of the baobab tree with a lifting effect) was launched and received international recognition. Additionally, the company introduced the ” Fit Skin ” concept , which promotes fit, toned, and rejuvenated skin.
Furthermore, its ESG and sustainability strategy has been based on Vytrus Biotech’s adherence to the UN Global Compact and the redefinition of its ESG strategy with Roots for Sustainability. It has actively participated in the Sustainable SME Phase II program and has activated three key commitments: generating a positive impact on people and nature, creating shared value for our customers, and maintaining good corporate governance.
In turn, in terms of environmental and social commitment, the Water Project achieved savings of 64,000 tons of water in 2024, contributing to a total savings of 200,000 tons over four years. The carbon footprint for 2024 was 358.66 tons of CO2e (Scopes 1, 2, and 3). In addition, Vytrus Biotech collaborates with Prodis on its Diversity Plan and made a solidarity donation due to the floods in the Valencian Community.
Likewise, Vytrus Biotech’s value chain and marketing have achieved nine new patent validations . They have also launched their direct sales model in Spain and France . Another milestone has been improving the sustainability of their supply chain, using 100% recyclable packaging, reducing waste through bulk purchasing, and employing reusable materials in marketing.
Vytrus Biotech has classified 2024 as a historic year due to its financial results. They achieved a turnover of €5 million, representing a 35% increase, an EBITDA of €2 million, representing a 55% growth , and a net profit of €1 million.
__
(Featured image by <a href="https://unsplash.com/photos/a-pair-of-feet-with-a-ring-on-them-UHPFZm9NraE" target="_blank" rel="noopener">Ransford Quaye</a> via <a href="https://unsplash.com/license" target="_blank" rel="noopener">Unsplash</a>)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">disclaimer</a> for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these <a target="_blank" href="https://born2invest.com/disclaimer-policy/" rel="noreferrer noopener">important disclosures</a>.
First published in <a href="https://www.estrategiasdeinversion.com/actualidad/noticias/bolsa-espana/vytrus-biotech-publica-el-informe-de-sostenibilidad-n-826697" target="_blank" rel="noopener">Ei Estrategias de Inversion</a>. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
]]></content:encoded>
<imageurl>https://born2invest.com/wp-content/uploads/2025/06/ransford-quaye-UHPFZm9NraE-unsplash-740x490.jpg</imageurl><photo_credit>(Featured image by Ransford Quaye via Unsplash)</photo_credit><tags>featured,Vytrus Biotech,Vytrus Biotech revenues,Vytrus Biotech turnover,Vytrus sustainability report</tags> </item>
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