Should the US blockade be suspended before Iran's nuclear program is addressed?
Total Voters: 42
Loading ...…certainly looks like an outlier…..
Not sure what’s going on with Iran, but it looks like they have to “jaw bone” ( and create skirmishes in the Straits of Hormuz) the price of oil higher ( they absolutely are scrounging for reserves). And the U.S desperately needs the price lower ( before mid-terms and to re-fill the Strategic Petroleum Reserve).
And as the price of oil goes higher, the higher the demand for $US, and once again, the PM’s go lower……
Just the way the cookie crumbles….
The Hormuz Letter
@HormuzLetter
·
38m
BREAKING: A tanker has just been attacked and hit by Iran in the Strait of Hormuz US-backed southern corridor, causing structural damage, per UKMTO.
This is the third vessel attacked in the Strait today, following Iran’s IRGC missile strikes on the Qatari LNG tanker Al Rekayyat and Saudi VLCC supertanker Wedyan.
Typical.
I may have spoke too soon …
Lukas Ekwueme
@ekwufinance
Gold open interest on COMEX is plunging to the lowest level in a decade… and silver open interest is doing the same.
At the same time, 448t of gold and ~6,000t of silver have left COMEX.
Paper exposure is collapsing while physical metal is leaving the exchange.
The Kobeissi Letter
@KobeissiLetter
Stress in the US private credit market is intensifying:
Investors requested a record -$15.6 billion in redemptions from private credit funds in Q2 2026.
This marks the 3rd consecutive quarterly increase by a total of +$13 billion, or +500%.
Furthermore, just 38% of these requests were met, down from 53% in Q1 2026, leaving $9.7 billion in unmet redemptions, the largest backlog on record.
Blue Owl’s flagship fund, Blue Owl Credit Income, was the most impacted at 19% of shares outstanding, with 14% unmet, the highest redemption rate among its large competitors.
This was followed by Apollo, at 16% requested with 11% unmet, and Ares, at 14% requested with 9% unmet.
Meanwhile, inflows into the private credit industry declined -75% since January to ~$500 million in May, the smallest monthly intake in at least 18 months.
The private credit crisis shows no signs of slowing.
The Hormuz Letter
@HormuzLetter
BREAKING: Iran’s IRGC fired at least two missiles at multiple commercial ships transiting through the Strait of Hormuz, with two commercial ships hit and suffering significant damages, per a US official.
One of these ships is on fire in the US-backed southern corridor off the coast of Oman.
So, the metals gains they didn’t take from Friday yesterday, they are going to take back today it appears, which explains the share weakness.
As is the norm, we will be set back to Thursday on the metal prices, and below Thursday on the share prices after they take their chunk of flesh today.
Completely unwinnable game at this point.
Rates up, dollar up slightly. The beat goes on.
So the ETFs and the miners they followed brought the stocks to all time highs but sold off taking them with them. I hope the major selling is about exhausted especially since money is moving out of certain sectors into sectors that need the metals.
The dollar index (DXY00) on Monday fell by -0.01%. The dollar erased early gains on Monday and posted modest losses on negative carryover from last Friday’s weaker-than-expected US June payroll report, which reduced the chances of the Fed tightening monetary policy, a negative factor for the dollar.
The dollar initially moved higher on Monday following the as-expected June ISM services index report. The dollar also found support amid yen weakness after Japanese authorities failed to intervene in the forex market to support the yen while US markets were closed last Friday for a holiday, a previous prime time for Japan’s intervention
The US Jun ISM services index fell -0.5 to 54.0, right on expectations. The Jun ISM services price-paid sub-index eased to 67.7 from 71.3 in May, stronger than the 67.5 expected.
The swaps markets are discounting the odds at 25% for a +25 bp rate hike at the next FOMC meeting on July 28-29.
EUR/USD (^EURUSD) on Monday rose by +0.04%. The euro recovered from early losses on Monday and posted modest gains after the dollar gave up an early advance and moved lower. The euro also garnered support after the Eurozone July Sentix investor confidence index rose more than expected to a 4-month high and German May factory orders rose more than expected. Gains in the euro were contained due to Monday’s weaker-than-expected Eurozone May retail sales report.
Eurozone May retail sales rose +0.2% m/m, weaker than expectations of +0.3% m/m.
The Eurozone July Sentix investor confidence index rose by 10.3 to a 4-month high of -3.1, beating expectations of -10.0.
German May factory orders rose +1.9% m/m, stronger than expectations of +1.1% m/m.
The markets are discounting a +3% chance for a +25 bp rate hike by the ECB at its next policy meeting on July 23.
USD/JPY (^USDJPY) on Monday rose by +0.47%. The yen retreated on Monday after Japanese authorities failed to intervene in the forex market in support of the yen while US markets last Friday were closed for a holiday, a favorite time for intervention by Japan. The yen moved lower despite a jump in Japanese government bond yields, as the 10-year JGB yield soared to a 29-year high of 2.841% on Monday, which strengthened the yen’s interest rate differentials.
The risk of intervention in currency markets to support the yen is high, as the yen remains firmly above 160 per dollar at a 39-year low. Japanese authorities have intervened in the forex market several times in the past when the yen reached that level.
The markets are discounting a +1% chance of a +25 bp BOJ rate hike at the next policy meeting on July 31.
August COMEX gold (GCQ26) on Monday closed up +41.80 (+1.01%), and September COMEX silver (SIU26) closed up +1.266 (+2.07%).
Gold and silver prices rallied sharply on Monday, posting 1.5-week highs. Precious metals have carryover support from last Thursday when the weaker-than-expected US June payrolls report reduced the chances of the Fed tightening monetary policy. Also, Monday’s weaker crude oil prices have lowered inflation expectations and may prompt central banks worldwide to ease monetary policy, a bullish factor for precious metals. In addition, the dollar on Monday gave up an early advance and turned lower, a supportive factor for precious metals.
Recent fund liquidation of precious metals is bearish for prices, as long holdings in gold ETFs fell to a 9.5-month low last Friday, after reaching a 3.5-year high on February 27. Also, long holdings in silver ETFs fell to an 11.25-month low last Tuesday from the 3.5-year high posted on December 23.
Strong central bank demand for gold is supportive of gold prices, following news that bullion held in China’s PBOC reserves rose by +320,000 ounces to 74.96 million troy ounces in May, the largest monthly increase in 17 months, and the nineteenth consecutive month the PBOC boosted its gold reserves
Dollar Erases Early Gains as Fed Rate Hike Prospects Ease https://share.google/evUwy2kRStc5muGil
You know what’s strange. I’ve been watching different ETF like funds for dollar hedge like rydex for the past days and they’re not moving. Like their frozen.. and there’s a bunch of them all frozen.
DOWN .50% and down .30%……
Stick to the playbook scum
I don’t know about that. In my town I somehow got chosen to babysit guns when people are away from their homes like vacation or whatever. One was over a divorce lol There’s probably a arsenal out there. I should of checked out the AK I never tried one of those before. There part of life her. Some domestic abuser who beat up his ex girlfriend she had to escape then he took off in her car and they shot him on the free way. The only thing the people were mad about is taking so long to open up the lanes again.
I picked up some Gold the stock this morning. It’s doing okay but now that I said that hope it holds. I see there not holding this morning but not too worried about it if it did hit bottom.. hopefully. It doesn’t have far to fall and see if a channel forms The dollar does have a little room to move it seems.
mostly the silver shares. Looks like they’re trying to stop GDX at the 20 ema.
Takes an awful lot of energy to sustain a rally.
Ipso – probably not nearly enough guns.
Good question. The European right wing parties are making headway but it may be too late …
I’m not sure the NWO crowd will be able to take the final steps in the US. How many firearms are in the hands of the public?
The Redheaded libertarian
@TRHLofficial
July 5, 1775: Congress adopts the Olive Branch Petition
Penned by John Dickinson, this carefully worded appeal was addressed directly to King George III. It affirmed the colonists’ loyalty and pleaded for reconciliation, hoping to avert full-scale war and restore harmony between Britain and its American colonies.
The petition left for London on July 8, carried by Richard Penn and Arthur Lee. The two men delivered a copy to Lord Dartmouth, the colonial secretary, on August 21, and presented the original document on September 1. The next day they reported a curt dismissal: they were told that because the King had not received it formally on the throne, no answer would be given.
By then, however, the moment for reconciliation had already passed. On August 23, before the petition even reached him, the King had issued his Proclamation of Rebellion. In response to news of the Battle of Bunker Hill, he formally declared the colonies to be in open revolt. The Olive Branch, offered in good faith, landed on the wrong side of history.
You have to wonder what it will take for the native Europeans to rise up and hang every EU leader.
We tend to lag Europe by 20 years or so. We’re looking at our future, although it’s really hard for me to see out much past a few months these days.
Where we “almost” kept Friday’s gains but just couldn’t.
Dollar is the mother of all currencies.
The Redheaded libertarian
@TRHLofficial
·
1h
This is the EU incinerating the loophole to access forbidden ideas, under the guise of “safety”.
In freeing us with The Declaration, and enshrining our individual liberty with the Bill of Rights, we are spared from this, but not without our own persistent vigilance to ensure it.
Quote
Crypto Tice
@CryptoTice_
·
5h
BREAKING:
The EU is planning to require a passport to access the internet.
And they want to block VPNs to enforce it.
Neil Ringdahl
@NeilRingdahl
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Jul 1
Finally out how the Jnr Explore Co got such high copper results in their diamond drill hole assays 😁
The gains from Friday that is. So that’s a good thing if we can hang in there today. That triple bottom area has held, so I guess the question is whether we can rally back above the 200 dma and start a new leg up or not. Knowing pm’s, it will take a few tries if the bottom is actually in, especially in the summer doldrums season.
Fifa? Also Portugal
He killed his brother in reckless driving.
With last two he has learned nothing. So much for Nancy’s nobody’s above the law. Except them.
Pelosi was also involved in a fatal crash as a teen.
In 1957, when he was 16, he flipped his sports car near San Mateo, killing his 19-year-old brother David, who had reportedly urged him to slow down moments before the crash, according to a California Highway Patrol officer quoted by the San Francisco Examiner.
