The $10 Million Heist You Never Heard About
Dear Rundown Reader,
Before we get to anything today…
This is URGENT.
Today is the Day.
It’s the culmination of Ray Blanco’s biggest investigation ever.
Years of work and research lead up to today.
You’ll receive details on his “World’s 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 today’s news.
Trump’s threatening $500 billion more in tariffs on Chinese goods.
The DOJ is revisiting the AT&T / Time Warner deal.
Tesla’s facing more problems, and earnings season’s in full swing. We’ll dive into it all next week.
For today…Your Rundown looks at an incredible heist straight out of an Ian Fleming novel.
No, they didn’t steal diamonds, cash or Bitcoin. You won’t believe what’s 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 don’t 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, it’s 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 here’s our theory…
Elon Musk, facing issues with his own cobalt supply hired an Ocean’s Eleven-like team of thieves to do the deed.
Now he’s secretly hyperlooping the cobalt to China to supply his new auto facility and lithium-ion battery plant.
Yes we jest, it’s 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 we’ll see S&P 5,000… Tell us your thoughts.
Oil stays flat at $69.45.
Gold’s 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. We’ll see if the bulls are right…
We’ll talk again on Monday.
For the Rundown,