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if that happens, I’m afraid the we’ll get hammered again tomorrow……..

Same old BS

The Hormuz Letter
@HormuzLetter
·
1h
BREAKING: The US has informed Israel it will attack Iran in the coming hours, and pursue a non-limited “major move” on Iran, per US officials and Israeli media.

Gold is down some 21% ( going by Tradingview charts)

Silver is down some 32%
The US $ is up @1%
Oil is up @22%
And the 10 year yield is up @ 14%

If, as Martin Armstrong professes, watch the flow of money to get an idea where the stresses are in the world……..

Can’t seem to compute that. Nothing makes sense to me as to the percentage moves and the overall background.

I’m guessing the Dow is getting foreign safe haven money getting out of their fiat including Europe in place of treasuries. But that could  change if selling when they need it.

Like if war comes to Europe or China or Taiwan.. Looks like China has put controls on trading from different sources other than their market to get out all together as a safe haven to diversify, to  keep control of the money thats controlled and censored  by them.

Hold tight! Although I’ll settle for 160 to 200.

and of course the DJIA is allowed to come back to almost unchanged……..

Is that right? I guess Chinese demand has fallen off a cliff. Which might explain why they aren’t sweating the loss of Iranian oil.

Hopefully we’re just a session closer to reversing course in pm’s. There’s not much reason for them to be down with rates down, dollar flat, and oil down.

Panic buying to end the rally. Panic selling to end the correction?

Let’s just get this over with so Goldie can post some more Silver to $300 videos! 😂😉

Funny this sell off just before the CPI and PPI and Fed next week. If CPI up prices could go up.

.

I asked ChatGPT what is causing so many big stock market declines be brief please.

The biggest reasons for frequent large stock market declines are:

• High valuations – Stocks that have risen too far, too fast are vulnerable to sharp sell-offs.
• Interest rates – Higher rates make borrowing more expensive and reduce the value of future corporate earnings.
• Economic slowdown fears – Concerns about recession or weak consumer spending can trigger declines.
• Geopolitical events – Wars, trade disputes, or political instability create uncertainty.
• Corporate earnings disappointments – Poor results from major companies can drag down entire sectors.
• Algorithmic and ETF trading – Automated selling can amplify market moves, making declines faster and larger.

Today’s markets also tend to react much more quickly than decades ago because information and trading occur almost instantly.

Comment: I think its mostly algos and ETFs tht can also send prices artificially higher.

Check out the SnP and Nasdaq, they are the over priced garbage, PMs are still under priced imo.

https://finviz.com/futures_charts?t=INDICES&p=d

This looks like it is a C wave down…the worst of all down waves……they create misery and despair …….the situation that Buffet uses to buy…..

WTI down five bucks…

did the war end?

Looks like there’s absolutely zero reason to own Gold, Silver and the shares…..

Tks for that Space X info…I saw it on Motley Fool….yr right it prices This Thursday and Trades Friday…..Tks

Heritage Foundation
@Heritage
·
15h
“Do not believe those who say [Islam] is just one more religion. It has a will to conquer through soft or brutal means. In France, for 20 years, they told us Islam is compatible with a republic. It was a trap. Do not fall for it.” – @ZemmourEric

https://x.com/Heritage/status/2064102677999690075

I can’t argue with any of that. The final bottom for the world’s economy may be far below what we expect. Low income countries are going to be hurt the most. Probably be lots of political unrest, revolutions and so on.

If the strait is opened soon maybe we avoid the worst. I surely hope so.

I don’t know where you got the info on the hard date for Spacex but it’s this Friday. I happened to talk to one of my brokers today about it because I never bought a IPO allocated because they get flipped most thd time. The difference with this one is that institutions will be buying it too. I don’t think they’re going to flip it. I’m sure it will be volatile though.  He said he hopes there’s enough to go around. It’s kinda like a lottery.

And the longer it goes on under Trump’s banner of “Hope” (where have we seen that before as a presidential strategy?) the closer to tank bottoms we get. Most pundits have already got the world economy well beyond the point of no return as far as that’s concerned  even if Hormuz restarted in full today.

“Those who vote decide nothing. Those who count the vote decide everything.”
― Joseph Stalin

The Hormuz Letter
@HormuzLetter
·
54m
BREAKING: Iran rejects Trump’s claim today that a deal is “very close” and that Iran is “interested” in signing it, with an Iranian official telling CNN that Iran “has no objection to talking with the US,” anymore, and the reason for Trump’s call to Netanyahu to stop the planned much larger third Israeli attack on Iran today was not any imminent agreement or ceasefire like Trump claimed.

A long time ago I worked with a guy from Poland who was in the Polish military. He told me that the USA was an Israeli colony. I guess he was right.

https://www.alexjoneslive.com/2026/06/08/ron-paul-we-should-not-integrate-our-military-with-any-foreign-nation/

That thought crossed my mind. If so I hope the wrath is ours or God’s in the end.