Here's how gold bull markets really work:

Major mining companies hunt for undervalued junior miners...

And buy them – at a premium... 40%... 60%... even 80% plus.

The junior miner's share price jumps. And the shareholders walk away with a single day gain.

One of my picks just jumped 79% in a single day.

This hasn't happened once...

It's happened six times in the last 12 months.

Not from hype.

From acquisitions.

And it will keep happening.

Because majors see what the market doesn't.

They're buying the best junior mining assets in anticipation of higher gold prices.

You can do the same.

Go here to learn about my top four picks and get positioned before the crowd.

BREAKING NEWS

🛢️ The US Just Became The World's Largest Oil Exporter. Saudi Arabia Is Not Happy.

In 1973, Americans sat in gas lines for hours because Saudi Arabia cut off their oil supply. In 2026, America just became the biggest oil exporter on the planet. That is one of the most remarkable reversals in modern economic history and it happened faster than almost anyone predicted.

US exports of crude oil and fuel reached 10.5 million barrels per day in May, surpassing Saudi Arabia at 5.9 million and Russia at 7 million. It is the third consecutive month America has held the top spot. For context, Saudi Arabia was exporting 8.1 million barrels per day just one year ago. The gap between then and now is enormous.

As a result, US crude dropped 3.2% in just 60 minutes, hitting a 56-day low of $82 a barrel. More American supply hitting the market means more oil available globally. More supply with the same demand equals lower prices. Your gas bill is about to feel this.

• Oil prices are already moving lower after Trump's ceasefire announcement eased fears of supply disruptions. With America pumping record volumes and geopolitical risks cooling, traders are betting on more oil and lower prices.

• US crude oil production has nearly tripled since 2000, rising to roughly 22 million barrels per day. That is not a recent surge. It is the result of a decade and a half of innovation unlocking oil reserves that were once considered unreachable.

• The US-Iran war disrupted Saudi Arabia's oil exports, while Ukrainian drone strikes damaged Russian energy infrastructure. Together they removed millions of barrels of competing supply from the market. American shale producers were the natural replacement.

The Munch Take: The 1973 oil embargo was one of the most humiliating economic moments in American history. Gas lines around the block. Price controls. A country held hostage by a cartel. America spent the next fifty years making sure it would never happen again. It worked. The country is now the biggest oil exporter on earth and prices are falling. The problem is that the story nobody wanted is the one that got us here. A war nobody asked for accidentally handed America an energy crown it spent half a century chasing. My wife said gas being cheaper was the first good financial news she had heard in weeks. She is not wrong and I did not have the heart to explain why.

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THE MARKET WATCH

💰 Steve Ballmer Just Got A $303 Million Dividend Check. For Doing Nothing.

Most people get paid for going to work. Steve Ballmer, former CEO of Microsoft, received $303 million last week for owning a stock he has not sold in over a decade. Same result, much better hours.

Microsoft ($MSFT ( ▼ 0.38% ) ) paid its quarterly dividend of $0.91 per share on June 11. Ballmer owns roughly 4.49% of the entire company, which works out to 333 million shares. Multiply that by $0.91 and you get a check that is larger than most Powerball jackpots in US history. Every three months. Without leaving the couch.

Here is what makes this story genuinely worth paying attention to beyond the jaw-dropping number:

• Ballmer left Microsoft as CEO in 2014 and has not sold a meaningful share since. He’s simply been holding. In that same time Microsoft stock is up roughly 773% and the quarterly dividend has grown from $0.08 per share to $0.91. Doing nothing was definitely the right move.

• Ballmer has now collected more than $12 billion in total dividends from Microsoft shares over his lifetime. He used a small portion of that to buy the Los Angeles Clippers for $2 billion. He bought an NBA team as a rounding error.

• The business behind the dividend is not slowing down. Microsoft's AI revenue surpassed a $37 billion annual run rate in the most recent quarter, up 123% year over year. The dividend is going up again next year. And the year after that.

The Munch Take: Steve Ballmer stopped working at Microsoft twelve years ago. Since then he has collected over $12 billion in dividends, bought an NBA team, and last week received $303 million in a single quarterly payment for his loyalty to a stock he refuses to sell. The boring strategy of buying a great company and holding it forever is the least exciting story in finance and also apparently one of the most effective. Truly incredible.

🍪 Munchy Memes

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