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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
Who are the Russians named in the latest Epstein files? Vladimir Putin, for one.

Last week’s release of roughly three million additional documents from the U.S. Justice Department’s years-long investigation into the sex offender Jeffrey Epstein has shed new light on the late financier’s connections with powerful people around the globe. While references to Donald Trump have predominated headlines, journalists have also identified several high-profile Russian politicians, businessmen, and public figures mentioned in the Epstein files — including President Vladimir Putin himself. Here’s what we know so far.

Russia strikes Ukraine’s energy system in subzero cold, leaving thousands without heat

Russian forces carried out a combined overnight attack on Ukraine on February 2–3, launching drones and missiles across several regions. Kyiv was among the targets, according to statements from the head of the city’s military administration, Tymur Tkachenko, and the city’s mayor, Vitali Klitschko.

Fleeing the front and wanted in Russia, deserters face deportation as Germany ‘churns out’ asylum rejections

Georgy Avaliani, a 47-year-old father of three, was mobilized into the Russian army in the fall of 2022. He fled the front line as soon as he was deployed, only to be arrested, held in a “torture basement,” and sent back to his unit. It took two more attempts for him to successfully escape abroad. Under pressure from Russia’s military police, his wife and children soon followed. But although Avaliani is still on Russia’s federal wanted list, Germany’s migration office rejected his family’s application for political asylum. According to a new report by the independent outlet Mediazona, this is part of a broader trend. Citing Vladimir Putin’s claims that Russia’s mobilization drive has ended, Germany’s Federal Office for Migration and Refugees (BAMF) appears to be conflating deserters with draft dodgers — and erroneously concluding that neither are at risk of persecution in Russia, Mediazona says. Moreover, according to the outlet, German authorities appear to be issuing cookie-cutter rejection letters, putting those seeking asylum at risk of deportation to Russia.

Russia is set to grant the FSB total control over communications shutdowns and ban citizens from suing for outages

Russia’s parliament is moving to formally expand the Federal Security Service’s authority to shut down communications services across the country — while shielding telecom companies from any legal responsibility for the fallout. Meduza explains what’s new in the bill and how broadly these powers could be applied.

As food prices surge, Russians stop buying fruit, ignore expiration dates, and brace for more hikes

One of the biggest concerns for Russians at the start of this year is the rapid rise in the cost of basic necessities. Across the country, prices for vegetables, fruit, meat, dairy products, pet food, and other everyday goods have climbed sharply. Meduza asked its Russian readers from different regions how higher prices are reshaping their daily lives — and what they’re bracing for next. We’ve translated some of the most notable responses into English.

According to media reports, the Greek patrol boat issued a warning signal after spotting the migrant boat, which then tried to escape. For reasons that are still unclear, the two boats collided.
Up until now, German cars have barely penetrated the Indian market despite success elsewhere. Could the new EU-India trade deal be a game changer for the struggling sector?
Prime Minister Sebastien Lecornu's minority government made it through two no-confidence votes before finally getting his 2026 budget over the line.
Conscious of reaching climate goals and strapped for space, some cities are reconsidering how much they dedicate to parking. Austria's capital, Vienna, is streets ahead.
A large rally in Prague showed support for Czech President Petr Pavel, who accused the country's top diplomat of blackmail. The row centers on Pavel's refusal to appoint a controversial candidate as environment minister.
Peak gold – Richard Mills
Peak gold – Richard Mills

2026.02.03

Gold mines have been mining at a higher grade than the reserve grade for much of the last decade. Purposely mining areas of the orebody with the highest-grade material is known as high grading. 

Mining the high-grade accessible areas of their deposits was one way for operations to bolster margins when facing low metal prices.

Small wonder the #1 risk identified for mining companies over 2026 is rising operational complexity which is being driven by more complex ore bodies, much deeper mines and significantly declined ore grades.

Continue reading Peak gold – Richard Mills at Ahead of the Herd.

Golden Goose to acquire Gran Esperanza Project in Argentina – Richard Mills
Golden Goose to acquire Gran Esperanza Project in Argentina – Richard Mills

2026.01.31

Golden Goose Resources (CSE:GGR) is adding to its land package in Argentina by signing a deal to acquire the Gran Esperanza Project.

The company has entered into a Definitive Agreement with Valcheta Exploraciones S.A.S. to acquire up to a 100% interest in the epithermal gold-silver property located in Rio Negro Province, Argentina.

Under the option agreement, Golden Goose would acquire 100% of Gran Esperanza through a series of cash payments and exploration expenditures totaling USD$4.448 million. 

Continue reading Golden Goose to acquire Gran Esperanza Project in Argentina – Richard Mills at Ahead of the Herd.

Under the Spotlight -Quinton Hennigh, CEO San Cristobal Mining
Under the Spotlight -Quinton Hennigh, CEO San Cristobal Mining

2026.01.30

Rick Mills, Editor/ Publisher, Ahead of the Herd: 

It’s good to be talking to you again Quinton. We had an exceptional year in 2025 and I’m looking for a repeat for my readers in ‘26. We’ve got a hell of a market for commodities and precious metals and metals.

The Bloomberg Commodity Total Return Index is heading for its strongest monthly gain in decades. Bloomberg’s index is up a whopping 15%, that blows past some of the China-centric bull market super-cycle months that started back in ‘02.

Continue reading Under the Spotlight -Quinton Hennigh, CEO San Cristobal Mining at Ahead of the Herd.

Get an Eyeful of These 15 Photos of Incredibly Cool Icicles
Get an Eyeful of These 15 Photos of Incredibly Cool Icicles

From Smithsonian Magazine

As snow melts and drips from awnings, tree branches and other high perches, it can freeze mid-motion, often creating beautiful icicles. In some regions, icicles remain a constant throughout the year, but in warmer climates, their presence is fleeting, which makes capturing them and enjoying the moments they’re around that much more memorable. A reminder of how quickly things can transform and evolve—from snow to water to ice to water again—the frozen “beads” are natural accents to wintry landscapes, glistening against snowy backdrops.

Continue reading Get an Eyeful of These 15 Photos of Incredibly Cool Icicles at Ahead of the Herd.

‘A hurricane is coming’: Havana prepares people for war as US shuts off Cuba’s oil valve
‘A hurricane is coming’: Havana prepares people for war as US shuts off Cuba’s oil valve

By Patrick Oppmann – CNN World

Havana, Cuba – As tensions between the US and Cuba rise to the highest levels since the Cuban Missile Crisis, the mood was grim at a recent staff meeting at the US Embassy in Havana.

“If you don’t have your bag packed yet, then pack your bag,” US Charge d’Affaires Mike Hammer said, according to a person present at the meeting.

Read More

Continue reading ‘A hurricane is coming’: Havana prepares people for war as US shuts off Cuba’s oil valve at Ahead of the Herd.

 

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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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The Economist – Graphic Detail

Almost like it was done by John Graphicon 🙂

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