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Don’t go there!

Perhaps ironically, one of the most famous 4 Horsemen of the Apocalypse paintings is by a Russian:

  • Pestilence (on a White Horse -> COVID !?)
  • War (on a Red Horse -> PUTIN !?)
  • Famine (on a Black Horse -> HYPERINFLATION !?)
  • Death (on a Pale Horse -> TOO LATE !?)

 

For relevant updated news go to the EMMA press pages, or follow the following currently relevant (independent) news:
  • Meduza
  • DW
  • Ahead
Novaya Gazeta Europe reports Russian schools, universities, and kindergartens have spent billions of rubles on drones since start of full-scale war

Russian educational institutions have spent a combined 16 billion rubles on drones and drone assembly and operation training kits in the four years since Russia launched its full-scale war against Ukraine, the independent Russian news outlet Novaya Gazeta Europe calculated.

Russian regional authorities say Ukrainian drone strike on oil refinery caused petroleum spill off coast

A Ukrainian drone strike on the Tuapse oil refinery on April 16 caused an oil spill, the Krasnodar Region operations center said.

Mediazona reports Israeli passengers held for 5 hours at Moscow airport without food or water, told they were ‘not welcome’

Law enforcement officers held at least 40 people who had arrived on a flight from Tel Aviv at Domodedovo Airport for five hours on April 19, a witness told Mediazona, an independent Russian news outlet. Throughout that time, the Israelis — some holding dual Israeli-Russian citizenship, others only Israeli passports — had no access to food, water, or a bathroom.

Tiger walks into audience at Russian circus after safety net collapses

A tiger escaped into the audience during a circus performance in Rostov-on-Don after a protective net around the ring collapsed.

Kyiv shooting death toll rises to 7, mayor says

A Kyiv resident wounded in the April 18 shooting in the Holosiivskyi district has died in the hospital, Mayor Vitaly Klitschko said, bringing the death toll from the attack to seven.

Preliminary results show that former President Rumen Radev has won Bulgaria's general election with a clear majority and the biggest result for a single party since 1997. Will Bulgaria finally get a stable government?
Rumen Radev's new center-left party, Progressive Bulgaria has won an absolute majority in the country's eighth general election in five years. Both Russia and the EU have already sent their congratulations.
Russian authorities said one man was killed in a Ukrainian drone raid on city of Tuapse. Meanwhile, Russia arrested a German woman in an alleged bomb plot. DW has the latest.
After the Nazis seized power in 1933, many Germans escaped by fleeing abroad. Some ended up in what was then Yugoslavia. German historian Marie Janine Calic tells their story.
The Russian army is advancing on the Ukrainian town of Kostiantynivka, with the aim of occupying the entire Donbas region. Yet people continue to live and fight in the area, as DW's Hanna Sokolova-Stekh found out.
One man, one missile –  Richard Mills
One man, one missile –  Richard Mills

2026.04.18

Before the war in Iran, the biggest risk to maritime shipping in the Persian Guld was the Houthis in Yemen. The Houthis are an Iran-aligned rebel group that attacked, and continue to attack, though on a much lesser scale, freighters in the Red Sea to pressure Israel to stop its military campaign in Gaza.

After the October 2023 Gaza war began, the Houthis declared any Israel-linked, or US/UK-linked ship in the Bab-el-Mandeb Strait a target in support of Palestinians.

Continue reading One man, one missile – Richard Mills at Ahead of the Herd.

Electric Metals – Developing North America’s highest-grade manganese deposit –  Richard Mills
Electric Metals – Developing North America’s highest-grade manganese deposit –  Richard Mills

2026.04.16

Electric Metals (USA) Limited (TSXV:EML, OTCQB:EMUS) has the highest-grade manganese deposit in North America and is potentially poised to emerge as a low-cost producer of 100% domestically sourced, high-purity, battery grade, manganese products (HPMSM) for the electric vehicle battery and energy storage sectors.

Manganese is a key metal in EV batteries/ energy storage due to its prominent role in lithium-ion battery chemistries.

Manganese

Aside from iron, manganese is the most essential mineral in the production of steel.

Continue reading Electric Metals – Developing North America’s highest-grade manganese deposit – Richard Mills at Ahead of the Herd.

Torr Metals targets potential porphyry source at Bertha Zone and expands district-scale Cu-Au corridor with new Kova target –  Richard Mills
Torr Metals targets potential porphyry source at Bertha Zone and expands district-scale Cu-Au corridor with new Kova target –  Richard Mills

2026.05.16

On Wednesday, April 15 Torr Metals (TSXV:TMET) provided an exploration update at its 332-square-kilometer Kolos Copper-Gold Project in southern British Columbia, where crews have recently mobilized to site.

At the Bertha Zone, geophysical work continues to advance the company’s understanding of a large, structurally controlled copper-gold system discovered through inaugural Phase I drilling in late 2025.

Phase II drilling will initially focus on the Bertha North target, along strike of the current known extent of a northwest-trending picrite corridor, identified as a strong geochemical and structural concentrator of copper mineralization.

Continue reading Torr Metals targets potential porphyry source at Bertha Zone and expands district-scale Cu-Au corridor with new Kova target – Richard Mills at Ahead of the Herd.

Cosa Resources Hurricane Deposit discovery team registered up to 13,900 CPS at Murphy Lake North Project – Richard Mills
Cosa Resources Hurricane Deposit discovery team registered up to 13,900 CPS at Murphy Lake North Project – Richard Mills

2026.04.15

The global push for energy security and the resurgence of nuclear power are intensifying the hunt for high‑grade uranium in Saskatchewan’s Athabasca Basin. In the eastern Athabasca region, discovery‑stage exploration has reached a fever pitch, where closeness to established high‑grade deposits can turn a single drill result from noteworthy to extraordinary almost overnight.

Cosa Resources

Cosa Resources (TSXV:COSA) (OTCQB:COSAF) is a Canadian uranium exploration company operating in northern Saskatchewan.

Continue reading Cosa Resources Hurricane Deposit discovery team registered up to 13,900 CPS at Murphy Lake North Project – Richard Mills at Ahead of the Herd.

Gold’s Very-Bullish Futures
Gold’s Very-Bullish Futures

Adam Hamilton, CPA

Gold remains really high despite March’s sharp correction, not far off January’s extraordinary records.  So speculators’ capital firepower available for buying gold futures should have already been spent, largely tapped-out.  Yet astonishingly specs’ upside bets have dwindled under their levels that birthed gold’s late monster record bull!  Very-bullish gold-futures positioning remaining after such a colossal run is unprecedented.

From early October 2023 to late January 2026, gold soared 196.4% in its biggest cyclical bull ever in US-dollar terms! 

Continue reading Gold’s Very-Bullish Futures at Ahead of the Herd.

 

2EMMA Featured Stories


Mandela’s Kiss Endures

Palestinian leader Yasser Arafat and Nelson Mandela embrace at Mandela's home in Johannesburg, South Africa, on Jan. 13, 1990.

 

The 2024 Global Elections Super-Cycle

Stay tuned for continuous updates on elections around the world. Click on a country for the latest elections data and analysis.

  • Number of national elections to be held in 2024            18 of 68
  • Overall turnout (based on registered voters)                        63%
  • Total number of ballots cast in 18 elections                   467,094,737

 

Pulled conclusions from pooled data compilations

Using some of the world’s largest companies by market cap & some of the most quoted indices + two most sung alternatives: data for this millennia where available

  • At 134x, Apple is the absolute stock price growth winner; with Amazon at 45x and Google at 32x
  • Despite the lack of interest or dividends, gold at 6.6x looks good compared to any other stock or index!
  • Barrick Gold on the other hand seems to be poorly correlated to anything including the gold metal itself!?
  • But Barrick is the only stock producing negative correlations with most of the indices including a relatively high -0.77 with the Euronext100 index
  • If one wast trying to get something totally uncorrelated on purpose- it would be hard to beat: gold and the Euronext100 index at -0.03; or Barrick and the Hang Seng index at 0.04; or gold and Merck at 0.16; or BTC and the FTSE index at 0.19
  • Correlation against a basket of indices & alternatives is best in Disney and Google (0.81-0.82), albeit at different growth multiples
  • If an average historical P/E is somewhere in the 20x range, then the current S&P quoted average which is in high 30s is as warned high, BUT: only Amazon and Visa seem to be widely out of range (justified by growth in online transactions?), with many below current & historical averages
  • In the current world of no interest & no inflation, maybe the higher P/E averages are justified..? For how long, that is a different question…

For hedging ideas, other growth, correlations, or averages- take a look at the data set/:>  the Excel file: 2emma stock monitor or go to the Data Monitor

 

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