Gold Locked in Tariff Struggle, High-Grade Discovery at Converse, Palantir Skyrockets on Q2 Earnings Report

Featured Article:

• U.S. shocks markets by imposing tariffs on 1kg and 100oz gold bars, ending decades of tariff exemptions. The sudden move, driven by a Customs reclassification to “semi-manufactured” gold, caught traders and refineries off guard.

• Gold futures in New York hit record highs, trading $100+/oz above London — the largest premium in years — as Swiss and Asian refineries paused shipments to the U.S., threatening the supply of the most traded COMEX bar format.

• Policy shift disrupts global gold flows and U.S.-Swiss relations, raising the risk of long-term market distortions, reduced investor confidence in COMEX contracts, and heightened volatility in an asset traditionally seen as stable.

Palantir Pops on Q2 Revenue and Surge in Demand:

• Record Q2 Earnings and Revenue Growth: Palantir reported its first-ever $1 billion quarter in Q2 2025, with total revenue up 48% year-over-year ($1.004 billion vs. $678 million in Q2 2024) and adjusted EPS of $0.16, beating Wall Street expectations.

• Explosive U.S. Commercial and Government Demand Fueled by AI: U.S. commercial revenue surged 93% year-over-year to $306 million, U.S. government revenue rose 53% to $426 million, and total contract value soared 140% to $2.27 billion—driven by AI adoption and major government contracts, including a $10 billion Army deal.

• Raised Guidance, Investor Momentum & Valuation Surge: Management raised full-year 2025 revenue guidance to $4.142–$4.150 billion (up ~45% year-over-year), and shares are up 130% year-to-date, trading at 276x forward earnings, reflecting exceptional investor enthusiasm and high growth expectations.

• Palantir now trades at more than 300 times forward earnings and about 127 times trailing-12-month sales. That's multiples higher than Nvidia's lofty valuation ratios and well beyond most other software companies. Such valuations leave almost no room for execution missteps.

Featured Article:

Disseminated on behalf of Axcap Ventures Inc

Axcap Strikes Again with New High-Grade Discovery at Converse

• New drill results confirm deeper high-grade gold, silver, and copper zones at Axcap’s Converse Project, reinforcing its geological similarities to Nevada’s largest gold systems.

• Blake Mclaughlin, P.Geo, VP of Exploration at Axcap Ventures, put it plainly: “Confirming the presence of the Antler Peak Formation below the Golconda Thrust is a key milestone.” It’s not just about finding gold — it’s about understanding where to look next and why it matters.

Market Snapshot This Week:

• Tesla (TSLA) rockets ~+10% 

  A combination of factors drove the rally: the board’s approval of a $30B interim stock award for Elon Musk, hints at a major full self-driving (FSD) update, and broader macro enthusiasm around AI and chip investments—especially as Trump’s new chip tariff policy allows companies like Tesla favorable conditions tied to U.S. manufacturing.

• Apple (AAPL) up ~+10.9% & Google (GOOG) up ~+6.9%
  These leaders continue to benefit from strong AI and semiconductor sector sentiment. Apple likely received tariff relief for expanding its U.S. investment footprint, while both firms are key beneficiaries of surging demand and favorable trade policy in chip-making.

• Eli Lilly (LLY) plunged ~17% after trial data for its oral weight-loss drug orforglipron showed weaker-than-expected results (12.4% average weight loss, below rival Novo Nordisk) and higher side-effect dropouts, overshadowing strong earnings and prompting sharp cuts to future sales forecasts.

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