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Jim Thorne, chief market strategist at Wellington-Altus, discusses which assets investors should focus on in today’s tumultuous environment.

He sees promise in gold and silver, as well as Bitcoin and the artificial intelligence sector.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

In the Pacific island nation of Samoa, residents have been grappling with rolling blackouts for weeks that have plunged villages into darkness and caused major disruptions to businesses and daily life.

On Upolu, the nation’s most populous island frequented by tourists for its white sand beaches, some have reverted to using kerosene lamps at night and are struggling to keep their food frozen – as rolling power outages leave them without electricity for hours each day.

Shelley Burich, who lives on the outskirts of the capital, Apia, said the power has been out at her place one to two nights each week, forcing them to use solar torches, lanterns and candles.

“It’s just about having dinner early and we go to bed early” she said. “We’ve just learnt to adapt and cope.”

Prime Minister Fiamē Naomi Mataʻafa declared a 30-day state of emergency on Monday, acknowledging the “significant hardship” the crisis has had on households, businesses and essential services.

Power outages are not unusual for Samoa’s 215,000 population, who often face disruptions from cyclones churning through the Pacific. But it’s rare to see island-wide blackouts reoccur over such long periods of time as has been seen in recent weeks.

Officials say there are a multitude of reasons: mechanical failures at a power station, faulty underground cables, extensive damage from a recent storm and the significant surge in demand for power over the past two years.

Fiamē said the government’s power provider, the Electric Power Corporation, has had to introduce power rationing on Upolu since March 16 after three key generators failed.

Meanwhile, power workers are racing to repair the cable lines and five large electricity generators are expected to arrive on Saturday as a temporary solution, with permanent generators expected in August.

An economic ‘disaster’

The prime minister warned the crisis could result in a 16% drop in gross domestic product (GDP), the broadest measure of economic output, this year due to the “severe disruptions.”

Chamber of Commerce President Fa’aso’otauloa Sam Saili called the power situation a “disaster” for businesses. And it’s not just the missed days of productivity.

“The damage in equipment is very significant. 84% of our membership have identified this as a major issue,” Fa’aso’otauloa said, which could leave businesses idle for long periods while waiting for repair or replacement.

Many of the country’s major manufacturers and producers have been left grappling with failing key machinery, which were damaged by power surges during the sudden and unexpected power cuts, he said.

Fa’aso’otauloa said businesses urged the government to impose the state of emergency to allow greater economic support and called for the removal of “red tape” and tariffs on key equipment to help manufacturers amid the crisis.

The economy is heavily reliant on agriculture with coconut products, forestry and fisheries among the largest export earners.

Businesses have also been forced to temporarily close because of the outages.

“Everyone is affected,” said Gary, a manager at a restaurant in Apia. “We’ve had to turn (customers) away more than once. Since the power interruptions began, we have had to close three times.”

The restaurant is fortunate to have a generator on site, but even so, the costs to operate it have more than doubled since the power cuts began.

It’s not just the cost of running the generator, suppliers are putting up their prices too, he said, calling the costs “quite significant.”

Finance Minister Lautimuia Uelese Vaaio said the state of emergency would allow Samoa’s development partners to assist with the situation. It also allows the government to implement measures to manage the energy supply, protect public health, and maintain essential services, said Prime Minister Fiamē.

Learning to adapt

The impact has hit everyone – from ordinary citizens to small businesses, schools, universities and large-scale infrastructure projects. Despite the growing frustrations, many say they have learned to adapt.

“The first few weeks were quite difficult,” said Leilani Fruean, the manager of a local ice cream shop, called Scoops, in Apia. The shop has had to purchase deep freezers, also known as chest freezers, to keep serving cones.

Fruean said the shop now has a permanent power connection, by sheer luck of being close to the wharf, which has been prioritized for power. Even so, it’s been hard to predict how each day will go.

“We can’t really afford to close, especially after Covid and everything,” she said. “We really try to open. Not just for us, but for our employees as well – just because the power is off doesn’t mean they don’t need money.”

The rolling power cuts have also led to panic buying of candles, flashlights and lamps – leading to price gouging in some areas, according to local outlet, the Samoan Observer. Candle prices had surged to 25 Samoan Tālā ($8) – more than half a day’s pay for a minimum wage earner, the outlet said.

A general store in Apia called Indoors doesn’t sell candles but sales representative Neci Lemo said they had “sold out of everything battery operated,” when asked about the demand for lighting.

Like everyone, Lemo is frequently dealing with the power being out at home.

“You just have to be smart,” she said, adding that it has been easier to plan for powerless days since authorities have begun issuing public warnings.

This post appeared first on cnn.com

South Korea’s highest court has removed embattled President Yoon Suk Yeol from office, ending months of uncertainty and legal wrangling after he briefly declared martial law in December and plunged the nation into political turmoil.

The court’s decision on Friday marks Yoon’s formal dismissal from the presidency after parliament voted to impeach him in December. His removal takes effect immediately, and he must now leave the presidential residence.

The long-running crisis has left a major global economy and key US ally rudderless at a fraught moment in world affairs, especially as US President Donald Trump’s “America First” agenda upends decades of foreign policy norms and dismantles the global trading system.

The Constitutional Court’s eight justices unanimously ruled to uphold Yoon’s impeachment.

Moon Hyung-bae, the court’s acting head judge, said Yoon’s martial law decree was unconstitutional as there was no grave national crisis at the time and his reasons for declaring it “cannot be justified.”

The president had violated the formal process of declaring martial law, infringed on lawmakers’ rights, and violated his duty as head of the armed forces by forcing soldiers to confront the public, the judge added.

In a separate criminal trial, Yoon was arrested in January on charges of leading an insurrection, then released in March after a court canceled his arrest warrant – though it did not drop his charges.

The verdict was met with mixed reactions across the South Korean capital.

Yoon’s opponents exploded in celebration and jubilation outside the court, waving flags and dancing to music. Many had been afraid that if he were reinstated, he could declare martial law again. But the mood was more still and somber outside Yoon’s official residence where his conservative supporters had gathered.

The issue has been hugely divisive, with major crowds taking to the streets both for and against Yoon’s removal. Police ramped up security in the capital ahead of the verdict, setting up barriers and checkpoints, and warning against any violence.

It’s a remarkable fall from grace for the former prosecutor-turned-politician, who rose to prominence for his role in the impeachment and imprisonment of another president years ago – only to now meet the same fate.

What happens now?

Under South Korean law, a general election to choose a new president must be held within 60 days of Yoon’s removal.

One potential candidate for the country’s next president is opposition leader Lee Jae-myung, a former lawyer and lawmaker who narrowly lost to Yoon in the 2022 presidential election.

Meanwhile, Yoon is still dogged by other legal proceedings, including his insurrection trial. It’s one of the few criminal charges a president does not have immunity from – and is punishable by life imprisonment or death, although South Korea has not executed anyone in decades.

The indictment had alleged that Yoon’s imposition of martial law – during which he sent troops to parliament, with commanders testifying they were ordered to “drag out” lawmakers – was an illegal attempt to shut down the National Assembly and arrest politicians and election authorities.

Yoon has said his decree was justified by political deadlock and threats from “anti-state forces” sympathetic to North Korea, and was intended as a temporary warning to the liberal opposition. He claimed that he always planned to respect lawmakers’ will if they voted to lift the decree.

In the end, his decree only lasted six hours. Yoon reversed the declaration after lawmakers forced their way into parliament and voted unanimously to block it – beginning four months of political disarray, during which parliament also voted to impeach the prime minister and acting president.

Fall from grace

Before taking office in 2022, Yoon was a star prosecutor and a key figure in the sweeping investigation of South Korea’s last impeached president, Park Geun-hye. Park was removed from office in 2017 and sentenced to prison for corruption and abuse of power in 2018.

Yoon is now the second president to be ousted by the Constitutional Court – and the shortest-serving elected leader in the nation’s democratic history.

The swift series of events marks a dramatic decline for Yoon, who was once touted as a key ally by former US President Joe Biden. During a White House state dinner in 2023, Yoon stood as the honored guest and sung Don McLean’s “American Pie” to a delighted audience.

Yoon’s serenade was meant to showcase his easy rapport with Washington, reinforcing Seoul’s strategic ties with the US. His critics, however, saw the moment as an odd distraction from pressing domestic concerns.

Back home, he clashed fiercely with the opposition, who overwhelmingly won midterm elections and used parliament to impeach key cabinet members and hold up legislation. It was this gridlock that Yoon used to try to justify his fateful decree.

This is a developing story and will be updated.

This post appeared first on cnn.com

Declaring martial law in a stable and boisterous democracy was an audacious gamble – and one that backfired spectacularly for former South Korean President Yoon Suk Yeol.

With Friday’s guilty impeachment verdict from the country’s Constitutional Court, the former prosecutor and conservative firebrand’s political career is likely over, especially because Yoon still faces criminal charges that could land him in prison for life.

Dramatic scenes from South Korea one Tuesday night in December showed military helicopters landing near the National Assembly in the capital Seoul, soldiers breaking through windows to try to prevent lawmakers from gathering, and protesters confronting riot police.

But the declaration was unsuccessful. TV stations and news media continued to report unhindered, people traveled freely and there were no mass arrests. When lawmakers voted to overturn Yoon’s surprise decree, security forces backed away.

In the months since, life in the South Korean capital essentially returned to normal. Businesses and restaurants were busy, streets crowded with residents and the city’s usual throngs of tourists – though large, loud demonstrations for and against Yoon were frequent as the court considered his case.

At one rally in the capital shortly after Yoon’s late-night declaration, teacher Kyung-soo said Yoon’s attacks on his opponents – including calling them “communist forces” – were “the behavior of a dictator and clearly clashes with the wishes of the people.”

Two years ago, Yoon was serenading then United States President Joe Biden with a rendition of “American Pie” by Don McLean at a White House state dinner and toasting their “ironclad” relationship.

As a nation still tries to understand why Yoon chose the extreme option of martial law, many are relieved that the fiasco may well be remembered as when democracy was threatened in South Korea, but ultimately survived.

Who is Yoon, and what was he thinking?

Yoon, a political newcomer, took office in 2022 with the conservative People Power Party, winning the presidential election by a margin of less than 1%.

He had spent almost 30 years as a prosecutor, leading high-profile investigations into corruption scandals that included a graft probe against former President Park Geun-hye that led to her impeachment and landed her in prison.

On the campaign trail, Yoon appealed to the country’s growing anti-feminist movement, and committed to abolishing the Ministry of Gender Equality and Family, which he claimed is unfair to men.

And while his predecessor Moon Jae-in favored dialogue with North Korea, Yoon took a tougher stance, promising to bulk up the South’s military, and even hinting he would launch a preemptive strike if he saw signs of a launch against Seoul.

In office, Yoon clashed fiercely with the opposition. Last year, opposition parties overwhelmingly won elections seen as a referendum on Yoon’s rule and took control of the National Assembly.

This left him a lame-duck president prevented from moving forward on legislation to cut taxes and ease business regulations, as his main rivals in the Democratic Party used parliament to impeach key cabinet members and hold up a budget bill.

It was this gridlock that Yoon used to try to justify his fateful decree.

In his speech declaring martial law, he labeled the opposition’s actions “clear anti-state behavior aimed at inciting rebellion” and referenced “threats posed by North Korea’s communist forces,” vowing to “eliminate anti-state elements.”

While Yoon had previously “claimed to advocate for fairness and common sense” as president, “his words and actions reflect a dictator’s,” said Park Sung-min, analyst at Min Consulting in Seoul.

“It seems like a political suicide.”

But Yoon’s eventual decision to rescind the decree showed he was “not a man who’s trying to seize power, or create a second term, or prolong his rule,” said Sydney Seiler, senior adviser for the Center for Strategic and International Studies.

“From the ruling party’s perspective, (he’s) trying to get the ball moving. He probably thought he had much more support within the ruling party for his actions than he actually did.”

Designer handbag at center of controversy

Observers say Yoon’s decision to declare martial law may have been more self-serving.

After taking office, he faced plummeting approval ratings over economic issues and a series of scandals involving his wife and political appointments that prompted calls for him to resign.

First Lady Kim Keon Hee was accused in 2023 of accepting a $2,200 Christian Dior bag as a gift – a potential violation of anti-graft laws. A secretly filmed video that surfaced online purported to show Kim receiving a cloud-blue “Lady Dior Pouch” from a Korean-American pastor.

The first lady is no stranger to controversy. Over the past few years, she has apologized for resumé-padding and has faced allegations ranging from academic plagiarism to stock manipulation, which the presidential office has repeatedly denied.

The main opposition Democratic Party accused Yoon of “concealing suspicions” surrounding his wife, and the mounting public backlash even caused a rift between Yoon and senior members of his party.

“Yoon tends to act more on instinct than rationality, embodying a reckless ‘lonely hero’ persona,” said Ahn Byung-jin, professor at the global academy for future civilizations at Kyung Hee University.

“He perceives the current situation as an existential crisis, especially with attempts to impeach members of his cabinet, cut the budget, and push for special investigations against his wife. He believes he is seriously cornered.”

What comes next for Yoon?

Yoon is now the second president to be ousted by the Constitutional Court – and the shortest-serving elected leader in the nation’s democratic history.

And his legal troubles are not over. In a separate case, Yoon was arrested in January on charges of leading an insurrection, then released in March after a court canceled his arrest warrant – though it did not drop the charges.

Insurrection is one of the few criminal charges a president does not have immunity from – and is punishable by life imprisonment or death, although South Korea has not executed anyone in decades.

The indictment had alleged that Yoon’s imposition of martial law – during which he sent troops to parliament, with commanders testifying they were ordered to “drag out” lawmakers – was an illegal attempt to shut down the National Assembly and arrest politicians and election authorities.

For some South Koreans, such as pastor Kwak Dong-seok, Yoon has worked to address economic issues, and is correct in his claims of “anti-state” forces in the country.

“Martial law is often criticized as excessive, but in some cases, it has been justified as a measure to prevent the establishment of a communist regime,” said Kwak, who organizes regular conservative rallies and political activities.

But others say Yoon’s decision shows how far removed he was from public sentiment.

“Korean democracy started late, but we made it by ourselves and are very proud of it,” said school principal Kim Hyeon. Yoon’s attempt at martial law demonstrates that “the president’s way of thinking doesn’t match our society,” she said.

Many say the botched martial law and subsequent democratic proceedings show that South Korean democracy is alive and well.

“Korean democracy has the awareness and capability to prevent any impulsive actions by a dictator,” said Park from Min Consulting.

This post appeared first on cnn.com

As the road shook beneath him, Ko Zeyer sped past crumbled buildings, buckled roads and gaping sinkholes toward his hometown of Sagaing, the epicenter of the most powerful earthquake to hit Myanmar in a century.

The journey from Mandalay normally takes 45 minutes by car across the mighty Irrawaddy River, but after the quake hit last Friday, it took him 24 hours to navigate broken bridges and collapsed buildings.

Ko Zeyer found his family safe, but many of his friends had died and much of the town lies in ruins, as local rescuers scramble for resources in a country controlled by a paranoid military junta and plagued by civil war.

All around him, people remain trapped under the rubble, not yet counted among the 3,145 confirmed dead a week after the devastating quake.

“The smell of the dead bodies has overwhelmed the town,” said Ko Zeyar, a social worker, as other residents described the rush to bury bodies in mass graves.

Survivors queue for food and water, and many sleep outside on mats at the mercy of mosquitos and the baking 100° F (37° C) heat as aftershocks continue to rattle the region.

The immense scale of the disaster has piled a fresh crisis on the impoverished Southeast Asian country, where almost 20 million people were already in need of humanitarian assistance after four years of civil war.

Junta leader Min Aung Hlaing has been fighting a multi-front war against pro-democracy fighters and ethnic armed groups after seizing power in 2021, with credible and widespread reports of atrocities against the people.

Years of war have depleted the local resources and health infrastructure needed to respond effectively to the quake, and observers say a large-scale disaster response from the country’s military government is absent.

“Why hasn’t Min Aung Hlaing sent in all of his military assets for rescue and relief?… We only see civilians digging to into the rubble,” said former United Nations Special Rapporteur for Myanmar Yanghee Lee.

A town in ruins

In every direction he looks in Sagaing, volunteer rescue worker Kyaw Min says houses, schools, temples, mosques and shops lie in ruin.

“It looks like a place of death … like the town was bombarded by a nuclear bomb,” said Kyaw Min, who is aligned with the shadow National Unity Government (NUG) and asked to use a pseudonym for his safety in the ongoing war.

The earthquake caused widespread destruction in nearby Mandalay, home to around 1.5 million people, and the military capital Naypyidaw. It was also felt in neighboring Thailand and China.

For days, Kyaw Min and volunteer rescuers have dug through rubble with their bare hands or minimal tools to look for survivors.

“We managed to save as many people as we could with the little equipment we have,” he said. “We retrieved many dead bodies, including those of children and the elderly… bodies without heads or hands or legs – we have suffered such a horrendous experience.”

About 80% of Sagaing town, the regional capital, was damaged in the quake and there is widespread destruction across the surrounding rural townships, according to Kyaw Min.

Roads connecting towns and outlying villages were torn and twisted, slowing rescue and relief efforts, including the delivery of heavy machinery such as excavators and backhoes.

“Rescue missions or aid could not immediately arrive to Sagaing. The bridges connecting Sagaing were badly damaged,” said Ko Zeyer. “That’s why, many lost their lives. It was already too late to save the people when the aid arrived.”

A region in revolt

Since the 2021 coup, Sagaing region – a giant arc of arid land studded with the spires of pagodas has become a vast battleground between the military and pro-democracy “People’s Defense Forces,” many aligned with the ousted democratic government.

The junta controls most of the larger towns in the region, while villages are split between support for the military, thought of as “green” territory, or “red,” backers of former civilian leader Aung San Suu Kyi.

Those defying the junta have paid a heavy price.

The military regularly sends columns of troops and allied militias on bloody rampages through districts suspected of opposing its rule, where troops raze whole villages, massacre residents and leave.

And its air force launches devastating air strikes on communities.

The military on Thursday announced a temporary ceasefire to aid recovery efforts, and said the truce would last until April 22.

The announcement followed several ethnic armed groups and the NUG – an offshoot of lawmakers deposed in the coup – in declaring temporary pauses in fighting.

The junta had initially refused to issue a ceasefire, and the reversal came only after it acknowledged its troops had fired three warning shots near a Chinese Red Cross convoy delivering earthquake aid in Shan state – underscoring the dangers for those delivering disaster aid in a conflict zone.

But reports in local media and from humanitarian teams in southeast Myanmar Thursday suggest the military had already broken the ceasefire.

Getting aid into a war-torn disaster zone

Myanmar’s military rulers have a long history of blocking foreign help after natural disasters, impeding access to vulnerable communities, and appropriating funds intended for disaster victims.

This time, the junta took the unusual step of quickly asking for foreign aid. International teams, including groups from China, Russia, India, Singapore, Malaysia, and Pakistan, have been assisting with rescue efforts, and in recent days, dramatic videos showing people being pulled out alive after days under rubble have featured mainly Chinese teams alongside local responders.

But residents in Sagaing say such assistance is dwarfed by the scale of the disaster and that some communities, especially in opposition-controlled areas, have not seen international help.

Local volunteers and the NUG have mobilized rescuers, medical teams and supplies to quake-hit communities through their own networks across the country. But the need is too great.

On the idyllic shores of the once popular tourist hot spot Inle Lake, in southern Shan state, the earthquake destroyed hundreds of bamboo houses on stilts occupied by impoverished villagers, according to aid workers.

One aid team who say they were the first major organization to reach the lake on Tuesday found thousands of people in need of urgent humanitarian assistance.

“They hadn’t had any visits from government officials. The only other assistance they had received was from community-based groups, other local groups,” said Claire Gibbons, a spokesperson for Partners Relief and Development, an international agency that works with local partners and networks in Myanmar.

Relief efforts to some of these hardest-hit areas have been hindered by damaged roads and military checkpoints on the main highway between the biggest city Yangon, where much of the aid is being flown into and organized, to Mandalay.

Finding people to send into the quake zone is proving difficult too, amid fears that younger people will be arrested and forcibly recruited into the army.

“We have team members from Myanmar that we don’t want to risk their safety by heading them into the earthquake areas,” said Gibbon.

Compounding the challenges are existing junta-imposed restrictions on humanitarian aid to certain areas of the country, nighttime curfews, and a junta requirement that international aid groups seek authorization before delivering supplies.

Meanwhile, the junta has also barred international journalists from entering the country and some foreign aid teams have reportedly faced issues obtaining visas from the military regime.

Some teams who traveled to Sagaing were prevented from delivering their supplies, and in some cases their aid was confiscated, according to Kyaw Min.

Others with ties to groups opposing the junta have been asked to list names of volunteers and supplies before they can enter, a scary proposition for many as the military has designated the resistance groups terrorists.

Appeals for aid

The earthquake came as international humanitarian agencies are struggling with a lack of funding as governments, most notably the United States, make drastic cuts to their foreign aid budgets.

The US would typically be among the first to respond to a natural disaster of this scale with both physical and monetary support.

But following President Donald Trump’s gutting of the US Agency for International Development (USAID), the US response has been minimal, prompting condemnation from American senators and civil society groups.

Rescuers from China – a major ally and arms supplier of the junta – arrived in Yangon hours after the quake struck. And Beijing has pledged 100 million yuan ($13.76 million) worth of relief supplies, according to Chinese state media.

A small USAID team is on the ground in Myanmar, a State Department spokesperson confirmed Thursday, and the Trump administration has authorized an initial $2 million in humanitarian assistance.

Given the military’s history of appropriating and misdirecting international aid, donors and humanitarian agencies have been urged to insist on aid impartiality and work through local civil society organizations, including the National Unity Government and resistance groups, to avoid lining the pockets of the junta.

But an overall lack of aid funding could prove disastrous for the people of Myanmar.

“My real worry is that the international community will not respond in the scale that is needed,” said Richard Horsey, Crisis Group Senior Adviser.

In Sagaing, those focused on helping quake-hit communities say the most urgent needs are for clean water and food, tarpaulins for shelters, mosquito nets to prevent dengue fever, medicine to prevent diseases from drinking contaminated water, cooking utensils, and sanitation kits.

“Seeing many in pain and grief feels really sad,” said Ko Zeyer.

“We don’t even dare to ask how many have died, because the scale of the death is such that almost every family has had a loved one killed.”

This post appeared first on cnn.com

US President Donald Trump has thrown his support behind another embattled far-right European leader, backing Marine Le Pen after French presidential hopeful was convicted of embezzlement and barred from political office.

“FREE MARINE LE PEN,” Trump wrote on Truth Social on Friday, calling the court ruling a “Witch Hunt.”

The message is the latest high-profile endorsement from his administration of a far-right party in Europe and comes as Trump upends decades of post-World War Two security guarantees towards the continent with his “America First” foreign and trade policies.

Le Pen’s hopes of becoming France’s president in 2027 were cut short on Monday when a Paris court blocked her from standing for office for five years, after she was found guilty of embezzling European Union funds. The figurehead of the far-right National Rally (RN) party had been seen as the front-runner for the next election, and the ruling has thrown French politics into disarray.

“I don’t know Marine Le Pen, but do appreciate how hard she worked for so many years,” Trump wrote.

“She suffered losses, but kept on going, and now, just before what would be a Big Victory, they get her on a minor charge that she probably knew nothing about – Sounds like a ‘bookkeeping’ error to me.”

“It is all so bad for France, and the Great French People, no matter what side they are on,” Trump said.

The presiding judge in Le Pen’s case, Bénédicte de Perthuis, said the politician’s actions amounted to a “serious and lasting attack on the rules of democratic life in Europe, but especially in France.”

In addition to the ban, she was handed a four-year prison sentence with two years suspended, to be served under house arrest, and a €100,000 ($108,000) fine.

Le Pen, the daughter of Jean-Marie Le Pen, who founded her party when it was known as the National Front, slammed the ruling as a purely “political decision” in a television interview, and claimed the “rule of law [had been] completely violated.” She plans to appeal, her lawyer said.

Trump called the conviction a “very big deal” on Monday, drawing parallels with his own legal entanglements. His comments on Friday went further, with pointed criticism of European politicians.

“The Witch Hunt against Marine Le Pen is another example of European Leftists using Lawfare to silence Free Speech, and censor their Political Opponent, this time going so far as to put that Opponent in prison,” said Trump.

There is no indication Le Pen will serve time in prison.

Trump’s sentiment echoes that of his top advisor Elon Musk who also publicly decried Le Pen’s sentence earlier this week, writing on his platform X: “When the radical left can’t win via democratic vote, they abuse the legal system to jail their opponents.”

The Trump administration has railed against perceived attacks on other far-right politicians in Europe, including a court decision to re-run the Romanian presidential election, which saw a surprise win by a far-right candidate.

The country’s constitutional court voided the initial result after declassified intelligence reports uncovered possible Russian interference in Calin Georgescu’s TikTok-fueled campaign. A re-run is scheduled for May, but Georgescu has been barred from running.

Vice President JD Vance has also publicly backed far-right groups in Europe, including the anti-immigration Alternative for Germany (AfD) party in Germany.

Musk has also backed the AfD, urging Germans to vote for the right-wing group in elections earlier this year, as well as English far-right figure Tommy Robinson. The AfD almost doubled its vote share and surged into second place in the polls, behind the center-right Christian Democratic Union.

This post appeared first on cnn.com

When the stock market lacks clear direction, options strategies can be a dependable friend. I often go through the OptionsPlay ChartLists in StockCharts to look for stocks that show potential trading or investing opportunities. 

On Tuesday, as I was scrolling through the Bearish Trend Following Strategies in the OptionsPlay Strategy Center, using a balanced risk profile and max risk of $2,500 as the criteria, a long put on Boston Scientific Corp. (BSX) stock showed up on the list with a relatively high OptionsPlay score.

The closing stock price of BSX on Tuesday was $101.24 and was approaching its 50-day simple moving average (SMA), which could act as a resistance level. Its relative strength index (RSI) was hovering around 50, and the percentage price oscillator (PPO) was close to the zero line. Not much changed on Tuesday (see chart below).

FIGURE 1. DAILY CHART OF BSX STOCK. The stock price is approaching its 50-day SMA but momentum seems to be slowing as indicated by the relative strength index and percent price oscillator. Chart source: StockCharts.com. For educational purposes.The RSI and PPO indicate that momentum has slowed in the stock. So there’s a chance the stock price of BSX could hit the resistance of its 50-day SMA and fail to break above it, or it could break above it and continue higher. The short-term directional bias is neutral and could be a viable options trading candidate. 

Let’s see what strategies the OptionsPlay Explorer comes up with for a bearish outlook on the stock price of BSX. 


How to access OptionsPlay. In the SharpCharts workbench, select Options > OptionsPlay. Then compare the three optimal strategies. 


FIGURE 2. OPTIMAL STRATEGIES FOR TRADING BSX FOR A BEARISH SCENARIO. Shorting BSX, buying a put, and a long put vertical are viable trading strategies for BSX. When selecting a strategy, select one that aligns with your comfort level. Image source: StockCharts.com.

The two options strategies with relatively high OptionsPlay scores are the May 16 105 put and the May 16 105/90 put vertical spread. If you shorted 100 shares of BSX instead of trading options on the stock, your return would have been lower (see left panel). 

Both options strategies, i.e., the long May 15 105 put and the May 16 105/90 put vertical, look viable but a bearish move isn’t confirmed in the daily chart of BSX. There’s a chance the stock price of BSX will remain between $90 and $105 for an extended period (dashed blue horizontal lines). Because of the lack of directional clarity, I’d prefer to opt for the put vertical. You’re still buying the long put but adding a short put at a lower strike price with the same expiration date. This will offset the long put’s cost. 

Your risk is limited to $555 with a potential reward of $945. The trade will be profitable if the stock price of BSX closes below $99.45 before the contract expires. As of this writing, there’s a 48.6% probability of this happening.

Remember, stock prices are dynamic so what you see today may not be the same as what you see tomorrow.

Keep the following points in mind:

  • You’re considering a bearish strategy when the short-term trend is neutral. 
  • BSX reports earnings on April 30, which is before the options contract expires. 
  • Keep an eye on implied volatility since it can change significantly during earnings. It’s important to manage your open trade. There are many ways to do this. View our educational webinars to learn more about how to manage your option trades.

The Bottom Line

With tariff announcements looming, it’s probably a good idea to hold off placing trades until after we know what tariffs will be implemented. Things could change on Thursday and BSX’s stock price shows a clear upside or downside. Review the optimal strategies before placing an option trade, and only place a trade if you are comfortable with the risk-reward tradeoff.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

As Canada prepares for a federal election, the Prospectors & Developers Association of Canada (PDAC) is pressing political parties to commit to long-term support for the Mineral Exploration Tax Credit (METC), emphasizing its crucial role in sustaining the country’s resource exploration industry.

While the Liberal government announced a two year METC extension earlier this month, PDAC is urging the next government to put a 10 year extension in place once Parliament returns. It believes this will provide the stability needed to attract investment in mineral exploration, particularly in remote and Indigenous communities.

“Since its introduction in 2000, the METC has been indispensable to mineral exploration across the country — helping to generate billions in equity, creating jobs, supporting remote and Indigenous communities, and enabling major discoveries that feed into Canada’s broader mining ecosystem,” said PDAC President Karen Rees on Monday (March 31).

“For every dollar the government forgoes, multiple dollars flow back into Canada’s economy, with rural, remote, and Indigenous communities seeing substantial benefits,’ she added.

PDAC has included this recommendation in its broader election platform roadmap, which also calls for regulatory reforms to accelerate project approvals and enhance Canada’s competitiveness in the global critical minerals market.

Conservative Party’s mining commitments

Conservative Party Leader Pierre Poilievre has positioned mining and resource development as a cornerstone of his economic plan, pledging to fast-track permitting for major mining projects.

Poilievre has committed to setting a six month deadline for approving all federal permits in Ontario’s Ring of Fire region, along with a C$1 billion investment over three years to develop essential road infrastructure that will connect mining sites to Ontario’s highway network and First Nations communities.

“Unlocking the Ring of Fire will be life-changing for Northern Ontario towns and First Nation communities, galvanized by thousands of paycheques and modern infrastructure,” he said in a press release. “We could boost our economy with billions of dollars, allowing us to become less dependent on the Americans, while our allies overseas would no longer have to rely on Beijing for these metals, turning dollars for dictators into paycheques for our people.’

Beyond the Ring of Fire, Poilievre has proposed a ‘shovel-ready zones’ initiative, which is aimed at establishing pre-approved permits for large-scale resource and energy projects.

The Conservative platform also includes broader efforts to reduce regulatory barriers, promising a pre-approved national energy corridor to streamline infrastructure development across the country.

On the financial side, Poilievre has announced plans to defer capital gains taxes for investors who reinvest in Canadian projects, a move he says will serve as ‘rocket fuel’ for domestic investment, including in mining and critical minerals.

Liberal Party’s approach to mining

The Liberal Party, under leader Mark Carney, has focused on expanding Canada’s role in the global critical minerals supply chain while balancing environmental and Indigenous concerns.

Carney has emphasized trade diversification and infrastructure investments, including a C$5 billion Trade Diversification Corridor Fund aimed at supporting industries like mining that are essential for Canada’s export economy.

‘Canada must diversify and expand its trading relationships by becoming an essential partner for like-minded countries, drawing on our vast resources of conventional and clean energy, critical metals and minerals, leadership in [artificial intelligence] and deep human capital,’ Carney states in his campaign material.

While the Liberals have not proposed the same level of permitting acceleration as the Conservatives, they have pledged to maintain existing federal tax credits for clean technology and critical mineral production.

Carney’s platform also includes funding for workforce training and economic partnerships with Indigenous communities to ensure they benefit from resource development projects.

Path forward for Canada’s mining sector

With both major parties acknowledging the importance of mining to Canada’s economy, the 2025 election will be critical in shaping the future of mineral exploration and development.

Regardless of which party wins, industry experts believe that mining will be a central pillar of Canada’s economic strategy. The urgency to secure domestic mineral supply chains, exacerbated by US tariffs and shifting global trade dynamics, has made support for mining a rare point of agreement.

With the election shaping up to be a close race, mining sector stakeholders will be watching closely to see how political promises translate into actionable policies.

Canadians will head to the polls on April 28.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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