#Tesla co-founder JB Straubel’s @RedwoodMat-erials #Battery recycling #startup raises $ 700MM to upend #EV supply chain

JB Straubel’s ambitious battery recycling start-up Redwood Materials has raised more than $700m in a funding round as it seeks to upend the US supply chain for electric vehicles.

The fundraising, which is more than six times bigger than the electric carmaker achieved in its first six equity rounds combined, values the start-up at $3.7bn, according to two people familiar with the matter. Redwood declined to comment on the valuation.

The Nevada-based company’s ultimate aim is to create a “closed-loop supply chain for electric vehicles” in the US, with the renewal and re-use of car battery materials eliminating the need for the environmentally damaging process of mining for new raw ingredients.

Se the whole story on the FT here: Tesla co-founder’s battery recycling start-up raises $700m

August 15, will mark the 50th Anniversary of when the US stopped pretending #Dollars were worth their weight in #Gold.

In a few weeks, August 15, we’ll be hitting the 50th Anniversary of when the US—and thus, the rest of the world— stopped pretending that #Dollars were worth their weight in #Gold. Its effects have since been felt across the board, as #USD’s Purchasing Power has steadily declined https://t.co/5K9pw2hXfx

— MasterMetals (@MasterMetals) July 23, 2021

In a few weeks, August 15, we’ll be hitting the 50th Anniversary of when the US—and thus, the rest of the world— stopped pretending that #Dollars were worth their weight in #Gold. Its effects have since been felt across the board, as #USD’s Purchasing Power has steadily declined…

MasterMetals Tweets: In a few weeks, August 15, we’ll be hitting the 50...:

#Gold - #GoldenCross at hand?

The daily chart of the gold futures shows the 50-day moving average (blue line) crossing the 200-day moving average (red line).

This is called a golden cross. The golden cross is a technical chart pattern indicating the potential for a major rally.

The MACD (lower chart) is very oversold and crossing the red line. This supports higher prices. The Relative Strength (RSI) (upper chart) is also pointing higher.

There's a feeling that the gold price is currently being held back by silver prices, as the July silver futures contract is in the delivery month and the open interest, which is high, indicates holders of the contracts are demanding delivery.  😥 

The 30-minutes Silver Chart (1 bar every 30 minute), shows how the Big Boys are putting pressure on silver prices for this very purpose.  Once this is done, we could expect higher prices for Gold & Silver across the board. 

Stay tuned! 

https://bit.ly/MasterMetals