Morning Ipso – Ha!!
Silly wabbit! Nothing is good for gold! 🙂
Oil has a $74 handle
$74.40 last print. Seems pretty clear that oil is flowing again, or at least the market thinks it is.
Rates down 6 bips.
The dollar is still a puzzle this am. Maybe as we get going it will ease up.
Morning Maddog
I think we’re going to need some help from the dollar, which we’re not getting this am despite lower rates. Looks like metals across the board are taking a hit, although copper is only down slightly.
It was a nice recovery in the AH’s yesterday but it looks like we’ll give it all back plus some, while the SM is completely unscathed. Typical.
Hopefully the dollar will turn.
morning buygold
That bounce back above 4300, was v impressive…this drop may just be a pull back.
They took a big bite
Out of the early gains in the overnight markets. Now within striking distance of going negative. Only in pm’s.
Too bad, I so wanted to be right!😂
The deep dark state
Deleted can’t find evidence a story about Roberts is true.
Ferret 21:53
Ah star ship Trump. I think he can frame his own negotiations. Does that nuclear bridge include other countries?! France seems to be kinda loose cannon right now That is if other countries can stay out of it or out of ours and not sabotage any political breakthroughs and go their own way, but don’t come running back to us if they do, one of the two.
Ah yes; Peace: the final frontier.
The enterprises of the voicer StarTrump ……
Yes, we’ll cross the nuclear bridge when we come back to it later.
ferrett
Peace in our time!
We’ll see about what happens to the enriched uranium later … and whether or not we have the will to come back if the Iranians retain it.
per Duck AI
On June 16, 2026, 24 vessels transited the Strait of Hormuz (16 inbound, 8 outbound).
US didn’t get much … if this is actually the MOU.
First Squawk
@FirstSquawk
·
4h
BREAKING: IRAN RELEASES FULL TEXT OF INTERIM U.S.-IRAN AGREEMENT
• IRAN AND THE U.S. AGREE NOT TO INTERFERE IN EACH OTHER’S INTERNAL AFFAIRS
• BOTH SIDES COMMIT TO REACHING A FINAL AGREEMENT WITHIN 60 DAYS, WITH TALKS SUBJECT TO EXTENSION
• IRAN REAFFIRMS IT WILL NOT PRODUCE OR ACQUIRE NUCLEAR WEAPONS
• IRAN AND THE U.S. AGREE TO RESOLVE THE STATUS OF STOCKPILED ENRICHED NUCLEAR MATERIAL THROUGH A MUTUALLY AGREED MECHANISM
• ANY DISSOLUTION OF ENRICHED MATERIAL TO OCCUR UNDER IAEA SUPERVISION
• IRAN TO MAINTAIN ITS CURRENT NUCLEAR PROGRAM DURING NEGOTIATIONS
• U.S. PLEDGES NO NEW SANCTIONS ON IRAN AND NO ADDITIONAL MILITARY DEPLOYMENTS IN THE REGION DURING TALKS
• U.S. COMMITS TO ENDING ALL SANCTIONS ON IRAN UNDER AN AGREED TIMETABLE IN A FINAL DEAL
• U.S. TO IMMEDIATELY BEGIN LIFTING ITS NAVAL BLOCKADE OF IRAN; FULL REMOVAL TARGETED WITHIN 30 DAYS
• COMMERCIAL SHIPPING THROUGH THE STRAIT OF HORMUZ TO RESUME IMMEDIATELY AND RETURN TO PRE-WAR LEVELS
• IRAN TO WORK WITH OMAN ON FUTURE ADMINISTRATION AND MARITIME SERVICES IN THE STRAIT OF HORMUZ
• IRAN TO ENSURE SAFE PASSAGE OF COMMERCIAL SHIPPING BETWEEN THE PERSIAN GULF AND GULF OF OMAN
• TRANSIT OF COMMERCIAL SHIPS TO BE FREE OF FEES FOR AN INITIAL 60-DAY PERIOD
• SHIPPING NORMALIZATION TO PROCEED ALONGSIDE MINE CLEARANCE AND REMOVAL OF TECHNICAL OBSTACLES
• U.S. COMMITS TO ISSUING WAIVERS FOR IRANIAN OIL EXPORTS, PETROCHEMICAL PRODUCTS, DERIVATIVES, AND RELATED SERVICES IMMEDIATELY AFTER SIGNING
• U.S. TO GRANT IRAN ACCESS TO ITS FROZEN FUNDS UNDER THE MOU
• IRAN AND THE U.S. TO AGREE ON A MECHANISM FOR THE RELEASE OF FROZEN ASSETS DURING NEGOTIATIONS
• U.S. AND REGIONAL PARTNERS TO DEVELOP AN ECONOMIC RECONSTRUCTION PROGRAM FOR IRAN WORTH AT LEAST $300 BILLION
• IMPLEMENTATION OF THE $300 BILLION RECONSTRUCTION PROGRAM TO BE FINALIZED AS PART OF A FINAL AGREEMENT WITHIN 60 DAYS
• AGREEMENT COULD PAVE THE WAY FOR THE LARGEST U.S.-IRAN DIPLOMATIC AND ECONOMIC RESET IN DECADES
SOURCE: IRNA
I’m going out on a limb
We get back on the horse and silver closes above $70 on the week. The shares, although not good, could have been much worse. At least for as hard as the metals were hit.
Oil back at $75. Rates just below 4.5% The dollar will pull back some with rates tomorrow and the SM will come back. Something’s gotta give with the dollar, it’s way too strong. The Fed always needs to be right, and the SM will confirm it for them as usual.
Mostly, I just think the shares are about ready to keep going. Hopefully even lead. They got way overdone.
You all know how good I am with my predictions, so you should expect us to continue down and re-test the lows. 🙂
$ strength
is truly a joke. Must have been a ton of shorts, so of course the machines have to squeeze them into covering……
Deer79 – yup
Seems almost every low gets retested.
The dollar strength is a joke.
the scum
are trying to paint the “chart” for Gold, shake the tree, and those that bought on the latest dip to @$4053, will be convinced to dump whatever they bought…..
Dang
What brought that on. Misery loves company?
Finally cracked
Nothing but selling in the metals. Shares have no chance. SM getting flushed as well.
Back to suckitude after a glimmer of hope.