Was the US attack on Iran the right thing to do?
Total Voters: 31
Loading ...Iran’s Chinese pals will be challenged by these mines as well. If they are given directions to avoid them then their course can be observed.
The Chinese tankers probably won’t even try to load oil. The loading facilities are at risk and may not exist soon.
Tks for the comment and the deliveries……don’t be so bearish on the SM, if Iran works out US Co’s will make out like gangbusters in Iran and the ME….
A very famous SM Technician Richard Russell built an SM indicator, which he called the Primary Trend Index ….that has been an amazing accurate indicator…it has stayed bullish since the 2009 Lows and is still well bullish today…..
I wonder if Trump (and company) can keep it up. (he’s pretty old)
I certainly wouldn’t have any probs if Melania was keen…!!!!!!!!
Cheers
That’s one heck of a good-looking chart … when that thing blows … it will blow big.
Welcome to the crack-up boom y’all.
Get physical assets to protect your wealth.
Mornin all
Agree on your chart observations … they would love it if they could trick the specs into dumping everything … but fortunately it’s limited to the more volatile shares … so could be a flat for the metals (with open interest levels so low) … especially if interested parties keep taking delivery of physical … another 3,000+Comex gold contracts for immediate delivery overnight …
Gold Futures Volume & Open Interest – CME Group
And silver still has 1,100 plus contracts to deliver this month (5,5 million ounces) to add to the 33.5 million ounces already delivered … and it’s still early in the month … with global tensions rising by the day. (why are they not delivered? – is somebody out of ammo? – does somebody need a silver bullion bailout?)
Silver Futures Volume & Open Interest – CME Group
While this is not the record-breaking delivery month (yet) many were expecting for silver … still … it’s way up there from a historical perspective … and would take quite a chunk out of remaining stocks (50%?) … pointing to near term default risks rising.
They can’t allow their precious tech stock bubble to implode … so the price managers are on it all day … every day … which can support the broader equity complex (and PMs) if they can keep it up. (the possible flat)
That’s the question … can they keep it up until more liquidity arrives (crack-up boom?) … or do they let it go.
I wonder if Trump (and company) can keep it up. (he’s pretty old)
Chuckle
No I don’t think we’re at a rally point. A stuck on trying to recover that crooked takedown with private buyers trying to fill in with strong resistance but it probably needs a pause for the big buyers adjusting to higher prices and possible liquidation from places of war. Perhaps money could also be moving to the dollar in these countries getting out of their currencies. I fear too if increasing threats of inflation could cause interest rates to go up not down. Despite gas prices my daughter found 18 eggs for sale at a Walmart for 2 dollars.
obviously more interested in knocking prices than getting a decent price…..
….find it interesting that the “blowup” in the Private Credit bank run is happening at the same time as the step up in attacks/war in Iran…..
Here is my Wave count in Silver, to say we are in a C down…..Both A and B have clear 3 wave counts marked as a-b-c…taking us into the C down….which should consist of 5 waves a-b-c-d-e…..so far it looks like a done and in b up…..and here is where E wave gets tricky,,,,is this C down going to be a sideways chop….or will it be a nice C down into the Hi/ lo 60’s or worse….so far action points to sideways chop, as normally a C wave is strong and therefore we should be well weak here…but we are not…..
But the most important info is that the Initial A down was clearly only 3 waves, which means whatever follows, this drop is only a corrective wave, there is more to come on the upside.
Doesn’t sound like we’re at a rally point just yet, I guess if we can continue to hold $80 and $5K we’re probably in good shape.
Dollar won’t die, and neither will rates, both keep moving up. Rates were up 5 bips yesterday, and continuing this am.
You’re surely right, hard to get a beat with all the things going on in the world.
Silver current bottom was in early Feb. It’s been moving up since but it a range the hammer or long tail down candle stopped dead on support of this range. Are we out of the woods, I don’t know cuz of everything going on plus it hasn’t broken through resistance.
I did see the chart, it seems we’ve made higher lows but have yet to make higher highs, just wondering your thoughts about whether it happens now or we form some kind of flag. I have a hard time seeing the bullish case until oil calms or the dollar cracks and heads south with rates.
The extremists are the ones saying out loud what is actually happening on the ground.
It’s not just the muslims being eliminated (and, if they don’t move on then a conflict is initiated by the settlers invaders, who call in the IDF to ‘resolve’ it) but the christians too. In contravention of many UN resolutions and international law.
Re Silver….Bottom….I have been out all day looking at cars…will check AG in the morning…I posted a chart ystdy that shows potential for the AG/share to Ag ratio…may he turned….but it needs to rally more first……
Israel has some real extreme Hasidic type Jews, who are in the government…Israel also has Proportional Representation to form a government, which means you may have to cohabit with such extreme people ….I think Netenyahu has that problem, hence this mad idea…..
No … it’s not Howdy Doody Time … it’s 1:30 Central (in Chicago) … so it’s time to smash gold and silver prices down going into Comex close for our masters.
And we’ll be back tomorrow again (every day because they are nuts) … so stay spry boys and girls.
Chuckle
Exactly, they need non stop law suits coming their way. They can’t walk the street without worrying about being harassed, robbed or attacked by these migrants. Theses migrants are preventing me from going shopping because they stand around the stores and harass people calling it their streets causing me anxiety.
It’s not healthy for me at all. I’m better off not knowing
What you’ve got my friend is an “X overdose.” It’s not a Mary Poppins world and sometimes we need to detach to keep our sanity!
Cheers
There’s never been a time in history quite like this. If there has, I’ve never read about it. We’ve certainly had times of death and destruction, but never pure nonsensical insanity like today.
I guess all we can do is smile and try to bring a little light into the world.
I’ve been on X for the last few days, gotta stop now, just not good for my headspace. 😉
LOL I can see that! 🙂 PS Clowns suck!
People smiling in public causes me anxiety.
Faces need to remain neutral. Lol
