Should the US blockade be suspended before Iran's nuclear program is addressed?
Total Voters: 42
Loading ...That would be a good place to start. $4k
I do wonder why Bessent felt compelled to state we had the gold.
Better day for sure, but really hard to trust. Still no real interest and no volume. Not sure I agree with Tavi on the “painful accumulation” with no volume.
Glad to see you back. 🙂
Are the French still full of joie de vivre?
Gotta go do some chores
Most of those charts are very long term. I think he’ll be right in that time scale … but for the short term it’s anyone’s guess.
A little better day today than yesterday. My bruises have bruises! 🙂
Are the central banks providing us this floor around $4000? That may be the case.
The problem for Tavi is he’s been saying that for a while now and he’s probably like me. Bought some shares in the last few weeks that appeared to be really cheap but have proceeded to drop another 30-40%.
He’s probably right though, the best possible outcome for us is that the SM craters and we catch a bid instead of leading it down.
Hope we’re seeing the beginning of that today. This has been rough.
The backtest to silver’s breakout is about complete.
Otavio (Tavi) Costa
@TaviCosta
Gold miners are now cheaper relative to the S&P 500 than at any point in history.
This is the uncomfortable accumulation phase.
Fundamentals remain intact, but prices continue to test investors’ conviction.
Especially the QQQ’s down almost 2%. That should be enough to prohibit silver and the shares from rising even though gold is up a little.
Rates are down 4 bips as they should be when the SM falls. Dollar up a little but slowly fading.
No big snap back today, we’ll do well just not getting creamed.
I have a feeling in my gut that none of this will really matter come Monday, but we’ll see.
With the resumes. They were right about her education and foreign language abilities could get her a better job somewhere else but if something is holding her back to that area what these college kids have to learn is that employers will look at her resume and see she is over qualified and might have the ability to see what’s going on that’s wrong with that job for different reasons. That they should have duel resumes leaving out her degree depending on what she’s looking for in the mean time. If they see she’s over qualified and can eventually get a better job they will figure she is not going to stay there. They also have to think about what ever education they get the demand in that area or if they want to or have to travel elsewhere to get that job before hand..
Since both employment with wages and housing will base cost on average yearly income I don’t think the average income they quote is accurate to the majority either but over priced. That whole system is corrupt. Jobs should be based on the productivity of the employee making them money not what the average numbers someone comes up with for that area. Nor should housing raise their prices because the employees in that area got a raise when the square feet and quality of those houses hasn’t changed.
Is the job numbers and affordability and availability of infrastructure vs challenges really accurate. Apparently they’re lying. I should add not just job data fraud. Appraisal software is manipulating by over valuing houses and their treating us like cattle.
“If you don’t attack our infrastructure, we won’t attack yours”. We saw this in the Russia/Ukraine war too. It’s like there’s an agreed list of categories, where protagonists can upgrade hostilities and risk seeing how serious or capable the opponents are at retaliating. I can’t really see a better way to maintain a ‘forever’ war in the ME. So many countries directly involved – Israel, US, the gulf states, the non-gulf arab states, Yemen – and those influencing from the sidelines like Russia and China. At least Putin has a series of stated objectives and is working towards them. The other conflict seems to be a series of random lobbing of missiles at each other, interspersed with periods where both sides claim diplomatic progress and no diplomatic progress simultaneously until inevitably someone decides a principle has been broken and the rockets start again …..
It’s almost like a computer game. Except with real lives.
The Hormuz Letter
@HormuzLetter
·
3m
BREAKING: Iran has launched extensive attacks on Qatar with at least 3-4 impacts in Doha minutes ago, with initial reports of impact on the US Al Udeid Air Base.
Simultaneous Iranian retaliation is ongoing across Gulf countries with explosions heard in Bahrain, Jordan, Kuwait, and Iraq.
The Hormuz Letter
@HormuzLetter
·
13m
BREAKING: Initial reports Iran has targeted the King Fahd Causeway connecting Bahrain to Saudi Arabia, with ambulances and fire trucks rushing to the bridge, per Mehr News.
The Hormuz Letter
@HormuzLetter
·
2h
BREAKING: The US has begun major strikes on Iranian infrastructure, hitting the Bandar Khamir overpass bridge connecting Bandar Abbas to Lar, the Gariveh Bridge, a third bridge in Hormozgan Province, and a major railway station west of Bandar Abbas connecting to the Shahid Rajaei port, a key freight hub linking Iran’s largest commercial port to the country’s national rail network. The Bandar Khamir overpass was struck while cars were on it, killing at least 1 with several injured. The Gariveh Bridge strike killed 2 and injured 4.
Additional US strikes have hit a telecommunications tower in Bandar Abbas causing damage to nearby residential buildings and civilian casualties, and a civilian airport in Iranshahr in southeastern Iran.
This directly triggers Iran’s IRGC warning today that if the US strikes Iranian infrastructure, Iran will “destroy every last piece of infrastructure in the entire region as if it had never existed,” and the Houthis warning of closing the Bab al-Mandab Strait.
You bring up good points. But in my view the left has been the primary influence or the status quo for decades since the mid 1960s. Constant anti American.
Trump started reversing everything, actually 9/11 was the start. 2008 confirmed it. I’m sure the status quo does not want a reversal. They have been doing everything imaginable to block Trump.
I barely made it out of high school, and I knew it was a big mistake on day one of that stupid attack. What was the big hurry?
“I think Netanyahu (from Europe) represents the globalists and talked Trump into attacking Iran so the republicans lose the mid term elections.”
I think Netanyahu talked Trump into it too. It hasn’t been so easy as presented.
I doubt Netanyahu wants the Demos to win the elections though. A lot of them really dislike Israel and are supporters of the Palestinians. It’s bad for Israel if the Demos win!
Humm talking about buying too but know when to hold them or fold them down the road.
Thinking of accumulating again starting with AEM AND WPM. SOON.
And the key phrase linked to many of these issues is “emissions regulations”. Which never take into account the emissions from manufacturing the replacement parts, or a new vehicle when cars are scrapped so young as the cost of the repair exceeds their value. A friend drives a ’75 2 litre sedan, 425,000 miles on the clock, no rebuild, no smoke, jus’ keeps on running, easily saved the emissions on two new cars in that time as well as emissions on parts because it doesn’t break down, and the alternators, dampers etc etc were built to last.
After a quest to find a replacement for our ninety’s fleet I concluded that there isn’t a car made after c. 2007 worth a dime. Even Toyotas have problems on individual models, with clutch release bearings, gearbox casings, engine management sytems. The front ends fall off Isuzus from 2014 to 2018. VW auto boxes stop working randomly, anytime, anywhere. Mazda’s 2.2l Diesel engine fiasco. And so on, and on. And no manual boxes any more. We need to go back to the Dodge Caravan and start again from there:
https://babylonbee.com/news/mechanic-has-no-idea-how-dodge-caravan-still-running
I’m just a totally different thinker, I never had any fear of any country using an atom bomb. Besides that we were told the bunker busting bombs killed their nuclear stuff.
Plus we bombed all their airplanes and sunk their ships, but they are still able to rub our noses in it. They are screwing up our gold prices with higher oil prices. They will never give up in my opinion.
I think Netanyahu (from Europe) represents the globalists and talked Trump into attacking Iran so the republicans lose the mid term elections.
