I hear yeah but there’s a difference to me between self defense and a power hungry lunatic that’s not even a good aim. Can you see it now. Syria or Iraq wants peace. Achmed says silence I have nukes I kill you! I just nuked your neighbor. Oops With any luck it will go up and fall back down,
goldielocks
events are moving too fast for the UN …..thankfully.
goldielocks @ 12:43 re Iraq Iran
Roger that. I know I think in strange ways. Sometimes I think of countries that want nuclear weapons, like a country’s second amendment right to self defense. Even if a country HAS no nuclear they should LIE and SAY they have nuclear to deter attack. I believe Saddam Hussein may have lied when he said he had weapons of mass destruction. Or somebody else lied. 🙂
oil chart is setting up a super bearish outlook, on the weekly
We have a potential double top @ 65/66 and as of now we have a 3 Weekly Key Reversal on….this rally may well have been a B wave, which means we might have to suffer a C wave, that will attack the $ 42 low area !!!!
The mkt is betting an awful lot on no more trouble in the ME !!!!
Maddog
Ever wondered where is the UN right now? Is it putting a damper on their infiltration plans?
Mr Copper
Now that’s a “real”!by any means possible cause.Lol
Interesting read. I was busy with young children then and nursing the sick.
I strongly feel one thing. If Iran gets nukes no country will be safe. That includes his Muslim neighbors they will bully too. You see them now trying to dictate to Iraq and kept the wars going on and on.
Iran And the coming “Operation Opera II” ?? 7 June 1981
“Operation Opera, also known as Operation Babylon, was a surprise Israeli air strike carried out on 7 June 1981, which destroyed an Iraqi nuclear reactor under construction 17 kilometers southeast of Baghdad.”
I remember those days. They waited until the plant was completed. Long story below
part: “Once in charge, Hussein stepped up his efforts to make Iraq a nuclear power to counteract Israel’s supposed nuclear capacity. Trading on the diplomatic and financial contacts he had made with France earlier in the decade, Hussein completed a deal in 1975 in which the European nation agreed to sell Iraq the equipment necessary to construct a nuclear reactor at al-Tuwaitha,
Over the next 15 months, a number of key nuclear scientists from Iraq and other Arab countries were assassinated by Israeli agents while the scientist were visiting western Europe. The spate of suspicious deaths, including throat cuttings, hit-and-run automobile accidents, sudden flu-like illnesses, and virulent “food poisoning,” greatly slowed the pace of research on Iraq’s nuclear program, but Hussein continued pressing forward. “How could a people who only know how to ride camels produce an atomic bomb?” he scoffed ”
The next blow to Iraq’s nuclear efforts came nine days after the start of the Iran-Iraq War, on Sept 30, 1980, when Iran sent two Phantom F-4-E jets to attack several Iraqi targets, among them the uncompleted nuclear reactors at al-Tuwaitha.
The world universally condemned Israel’s action, including the United States. The Reagan administration, normally sympathetic to Israel, chose to condemn the attack through a speech by American UN ambassador Jeanne Kirkpatrick, who called the raid “shocking” and compared it to the recent Soviet incursion into Afghanistan.
Haven’t heard what Trump has said
but I’m guessing he’s going to give Iran a pass unless they do something a little more provocative.
Not so good for pm’s at the moment but our day is coming.
We’ll see how long they can keep the HUI under 235
Maddog–LOL—yeah…looks like hitting the nuke bomb factories will happen–Trump just
spoke and the 1st thing he said was that Iran will never get nukes…
R640
Stopping the Mullahs getting nukes, has to be done……these dolts thinks a World war, will usher in a return of the Mahdi, who has been living down a well since the 13th century……quite apart from the smell, how’s he gonna handle a flush john.
You need to put the 1st of those bombs down his well.
This rally in stocks today may be the highest level we will see for the rest of our lives-if the rally
continues after Trumps speech, it will be the shorting opp of a lifetime–I will buy a pilot position before the speech and add the other half afterwards–at any rate, before the close
The “hidden agenda” in the U.S.’s “spider stratagem” is to set up a pretext to destroy Irans underground nuke weapons factories–deep underneath mountains…Europe-Israel-Saudia Arabia have all been consulted. Iran must not get nukes–and diplomacy has failed…that’s what it;s all about, gang. They will be used–there will be a regional war–it won’t last longer than a week but it will be devastating.
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R640
Re Jobs
They must be using ex CFTC employees to do the maths !!!!!!
From Murph last nite=The 14-day Relative Strength Index for the yellow metal soared to 86 on Monday,
Gold Has Been This Overbought Only Three Times in Two Decades
By Ye Xie
January 6, 2020, 11:40 AM CST
Gold is almost guaranteed to record losses in the next two weeks, if history is any guide.
The 14-day Relative Strength Index for the yellow metal soared to 86 on Monday, well above the level of 70 that typically suggests securities are overbought. Previously, there have been only three times since 2000 when the RSI rose above 85, and in each instance bullion fell over the next 10 trading days. The loss averaged 1% compared with a gain of 7% over the previous 10 sessions.
To be sure, in all three occasions — October 2010, February 2016 and June 2019 — gold eventually resumed its rally. But the momentum had slowed. Gold performs best when interest rates fall and the dollar weakens. Without a further escalation of Middle East tensions, the bulk of the moves in rates and the dollar may be over for now. And the same is probably true for the bounce in gold, at least in the short term.
-END-
Gold alert! Possible slime job on gold Friday morning
Goods-Producers Rebound Sparks Biggest ADP Employment Gain Since April
says “not enough”
Ayatollah says damp squib revenge raid for Soleimani’s assassination is ‘not enough’ after Iran ineffectually fires 22 ballistic missiles at two US bases in Iraq – but fails to kill anyone
IRAN DELOPES
maybe the mullahs aren’t 100% insane.
Seems this is the mkt thinking……that Iran is the Good Guy and Trump the lunatic……
https://www.zerohedge.com/geopolitical/no-us-casualties-iranian-missile-strike
Which considering everything else in this world is upside down, is the new logical….Iran will get it’s Nukes and the World will be in real trouble.
Morning Buygold
According to the mkts, as of now nothing happened……so they can all get back to buying even more Tsla and Aapl, both of which have doubled recently…Tesla in only the last 8 months…. etc….
No doubt Silver will be sub 18.00 soon.
Morning Maddog
Yep. Swing and a miss. They intentionally missed their targets. Pretty smart move, by doing that they are testing Trump’s words of wanting peace and they are saving face with their people. They were completely taken off guard by the Soleimani hit.
Trump speaks later this am. Hope he chooses to do nothing actually.
Gold will go up anyway, It’s just time.
edit: BTW – I think Trump just keeps them guessing with his speech this am and is non-committal
Seems Iran is being v smart.
By saying that’s it, if no further US response, they can continue to work on their Nukes, which is really what they want.
Does the Donald let them…..a massive dilemma.
Short term the scum will now attempt to crush PM’s and Oil, the PM’s in particular are v o/b, meanwhile the SM will go bonkers to the upside.
Ipso
The ME have been getting away with killing people for decades but but but it’s not a act of war they say.. just when someone fights back.


(Edited)