Loading ...…faster than Bill Clinton’s boxers in an Arkansas trailer park.
Only thing that matters
…on the short term is that there’s a Fed meet tomorrow ( not 100%sure), so the scum have programmed the algos to sit on the metals no matter what…….
Nice Hit
Emperor Metals Returns 15.0 Meters of 61.5 g/t Gold Including 2.4 Meters of 369.6 g/t Gold
https://finance.yahoo.com/markets/commodities/articles/emperor-metals-returns-15-0-120000409.html
Gold Short Squeeze?
The Kobeissi Letter
@KobeissiLetter
Is gold setting up for a short squeeze amid the Iran deal?
Gold funds posted -$2.3 billion in outflows last week, marking the 4th consecutive weekly outflow.
This brings the 4-week average of outflows to -$2.0 billion, the 2nd-largest on record.
This is only below the -$3.5 billion 4-week average record seen in February.
Meanwhile, the largest US gold-backed ETF,
$GLD
, has seen -$2.2 billion in outflows so far this month, on track for its 4th consecutive monthly withdrawal.
Year-to-date,
$GLD
has seen -$8.1 billion in outflows, on track for the first annual withdrawal since 2023.
Conditions are ripe for a short squeeze.
The Spectator Index
@spectatorindex
·
17h
BREAKING: Iranian state media says that five vessels have passed as US naval blockade is lifted
Say it again … Say it again …
Otavio (Tavi) Costa
@TaviCosta
Game on for gold miners.
From weak hands to strong hands.
This is what a bottoming process looks like.
Copper tops $6 a pound
Steve Hanke
@steve_hanke
Mr. Copper tops $6/lb, up ~55% in a year. Aluminum sits at a 4-year high.
AI data centers and the grid are devouring metal faster than mines produce it.
MORE EVIDENCE OF A COMMODITY PRICE SUPERCYCLE.
a slight problem
Sulaiman Ahmed
@ShaykhSulaiman
·
5h
JUST IN: IRANIAN FM ARAGHCHI:
“The end of the war will not be complete without the withdrawal of Israeli forces from the territories they occupied in Lebanon.
Any military attack by Israel on Lebanon and the continued occupation of Lebanese territories from now on, in our opinion, is a violation of the MoU.”
If Trump can make a deal with the Iranians
then he sure should be able to make a deal between the Russians and Ukrainians!
Ah yes, there it is
The 9 am punch in the mouth.
Oil down to $77
Amazing. It seems to believe peace might hold I guess.
SM flat. Dollar flat, rates down over 3 bips. Bitcoin flat – Saylor bought another $100M.
Silver has strengthened all morning and got above $71. Gold steadily moving up.
Looks like a decent open at this point, but we get a lot of decent opens, not so many decent closes. I suspect that unless the dollar really gets moving down with rates, and the SM starts moving up, we’ll be sold either at the open or all day long like yesterday.
DRB mentioned the miners as a threat to the fiat bankers. Makes sense. Their programs are set to sell daily to keep any momentum from gathering. Hard to believe some of us have dealt with this for 25 + years. Maybe it will be worth it for our kids. 🙂
This is what Eko movement is doing.
Blaming the citizens and Musk instead of the criminal migrant murders and inaction of the government fueling the violence where the citizens are the victims which they didn’t mention or closing borders. What their up to. They don’t give a option to reply for obvious reasons. Can’t help but be suspicious that the government is commiting a genocide using migrants instead making it easy for them so they aren’t accused of a crime themselves.
Rioters set homes alight in Belfast, forcing families to flee – just hours after Elon Musk shared a protest list with 240 million followers.
This is the second time in a matter of days that Musk has used X to fuel far-right violence in the UK. Every time, the government condemns it. Every time, nothing happens.
The UK has the power to ban X entirely. It’s time to use it.
Katie on Starmer
And good news for KFC bucket munchers lol