Loading ...Strait of Hormez
Do we really need to spend all that money and risk put upon US military to escort all those ships mostly carrying oil, Petro, natural gas with the probability that most of the benefactors will be around Europe who does nothing and we can produce our own.
PM’s
Absolutely true. No confirmation of the bottom yet using GDX and normal basic chart techniques. Nonetheless, I am nearly fully positioned, though some may still dip a bit lower. Any that do not conform to this outlook will be sold. I might have a few small losses. The slow stochastics needs to turn up convincingly and the price needs to get above the 18 day sma and then test it for a simple confirmation on GDX though that is not one of my buys.
Ipso
Hope we’re about finished too brother.
I continue to be amazed at the stock market’s resiliency.
Dollar is weaker tonight AH. Let’s have some hope for tomorrow.
PMs
Simple tech without reading candles which could change by the days end in a volutioe environment. Draw a line over the top the candles from the early year highs down to now. It hasn’t broken out yet and can hope further selling will get quickly bought and shorts are covering it starts at least moving sideways until then besides the small moves up or back down again keep a eye on that line.
Promotion Opportunity
The Hormuz Letter
@HormuzLetter
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2h
BREAKING: Initial reports of a high level targeted assassination in Ahvaz, targeting Alireza Khodadadi, a senior advisor to the IRGC Vali-e-Asr command in Khuzestan Province, Iran.
Buygold
It was a good day even with a restarted war. Maybe we have shucked this “More war and gold goes down” bugaboo! I sure hope so!
Cheers
It’s a start
miles to go. Hopefully we can continue this bounce for a while.
I think I said the same thing last week though.
While you’re waiting…a 5 minute Reese Report! A second Sphinx buried under 100+ feet of sand and rubble!
New SAR Scans Reveal a Second Sphinx on Giza Plateau
Good to see some old timey posters check in!
SnG, adogsbody, and Aurum.
I guess you gotta take out those who want to continue the war …
” The New York Times reports Iran’s president and foreign minister were physically attacked this week by supporters of a hard-line faction that vehemently opposes any deal with the US: it remains to be seen if the streets, IRGC, clerics, or politicians will decide what happens next – but both the politicians and the IRGC benefit from talks going on and oil flowing.”
https://www.zerohedge.com/geopolitical/choice-go-or-down-escalation-ladder-now-lies-iran
Not a recommendation
But something I find interesting.
https://finance.yahoo.com/markets/stocks/articles/does-lundin-gold-silver-stream-150946235.html
aurum
Aurum
Been out of PMs since march. Might be a good idea to start nibbling.
Still have this feeling that the PTB will try and excite the bugs one more time before a final rug pull. That being said when the market resumes the bull any buys at this level will do just fine.
Dog
Ipso, aurum
Ipso – it was quiet, but then aurum showed up and made some noise!
aurum – thanks for chiming in. Good to hear from an old hand. Hopefully you’re right about a bottom.👍
PM’s
Although I have not been posting, I lurk a time or two each day. Now that it seems we are close to a bottom, or perhaps have seen the bottom in some stocks, I have been buying. I hope it turns out to be so and we have a spectacular rally into yearend.
aurum
Buygold
Be vewy vewy quiet! 🙂
I’m out for a bit.
aufever
Sometimes we get a message saying that someone is having trouble posting or signing in but it’s invalid. Mostly from people using VPN I think.
Cheers
Some decent gains
If we can hold them.
ipso
I’ve still been posting.
But I did get a weird message when I hit Publish recently, although I still got the post published.
Thoughtful? Weird?
Mario Nawfal
@MarioNawfal
🇹🇷🇬🇧 At the Ankara summit, Erdogan reportedly handed every NATO leader an engraved REVOLVER with their name on it, plus a box of live ammunition.
PM Starmer revealed the detail on the flight home, but his personalized weapon never made it back to Britain.
British law made importing it illegal, despite Erdogan personally adding a note waiving Türkiye’s export controls.
That note solved the export problem.
It did not solve the part where Starmer was trying to return from a NATO summit with a live-ammo handgun from Erdogan 🤣
The Hormuz Letter
@HormuzLetter
·
9h
BREAKING: US announces it has hit 90 Iranian military targets in tonight’s strikes on Iran, per CENTCOM.
US strikes targeted Iranian air defense systems, coastal surveillance assets, missile and drone storage sites, naval capabilities, and military logistics infrastructure along Iran’s coastline.
US officials say the US is preparing for a multi-day or multi-week exchange of fire with Iran over the Strait of Hormuz.