Posted July 20, 2018
By Byron King
The $10 Million Heist You Never Heard About
Dear Rundown Reader,
Before we get to anything today
This is URGENT.
Today is the Day.
Its the culmination of Ray Blancos biggest investigation ever.
Years of work and research lead up to today.
Youll receive details on his Worlds Fastest Fortune at 4pm EDT.
Keep an eye on your inbox.
At 4 pm EDT, Ray reveals this $10 million opportunity to you exclusively.
Now, back to todays news.
Trumps threatening $500 billion more in tariffs on Chinese goods.
The DOJ is revisiting the AT&T / Time Warner deal.
Teslas facing more problems, and earnings seasons in full swing. Well dive into it all next week.
For todayYour Rundown looks at an incredible heist straight out of an Ian Fleming novel.
No, they didnt steal diamonds, cash or Bitcoin. You wont believe whats fueling this new crime wave.
Your Rundown for Friday, July 20, 2018
EV Revolution Fuels New Crime Wave
In the blink of an eye, or matter of days no one really knows, $10 million in cobalt was stolen.
The theft occurred in Rotterdam sometime between July 5 and Monday July 9, according to Metal Bulletin.
Bloomberg reports, 112 metric tons of the metal was stolen.
You dont pull up with a U-HAUL and move that much metal.
This was a complex operation conducted with military-like precision.
But why cobalt?
Bloomberg notes, the prices of cobalt are up threefold since early 2016 and were trading at a decade-high in April.
Cobalt equals big money thanks to the electric vehicle (EV) revolution. Cobalt is a prime component of the lithium-ion batteries used in all EVs.
Not to mention, its in virtually all other lithium-ion batteries used in all other devices too.
The market has its pick and shovel plays. The seedy underworld does too.
Not a whisper as to who stole it, or where this cobalt is.
But heres our theory
Elon Musk, facing issues with his own cobalt supply hired an Oceans Eleven-like team of thieves to do the deed.
Now hes secretly hyperlooping the cobalt to China to supply his new auto facility and lithium-ion battery plant.
Yes we jest, its Friday.
Have a great weekend.
Now, turning to the markets this morning...
Market Rundown for Fri., July 20
Yield on the 10-Year Treasury sits at 2.849% this morning, up 0.002.
S&P 500 futures are down 3.50 at 2,801. Rumor has it, a few years from now well see S&P 5,000... Tell us your thoughts.
Oil stays flat at $69.45.
Golds down $0.70 to $1,223. A strong dollar continues to put pressure on the yellow stuff.
Bitcoin goes for $7,489 this morning, according to CoinDesk. Well see if the bulls are right...
Well talk again on Monday.
For the Rundown,