Cringing at the prospect of the Fed knockout punch? A quarter inch raise might result with a knee jerk type reaction down and then going higher. All speculation.
Maddog
Always have to peruse the NYT with a skeptical eye!
Saying that Iran has fractured and divided leadership doesn’t seem particularly partisan. Seems I’ve read it elsewhere as well.
Metals look good
Hard to understand why the shares are underperforming, unless the insiders already know that the metals are going to get hammered back down after the meeting concludes.
Sort of begs the question though, why are the metals up at all?
ipso facto
Re hardliners and attacks in Iran
If it’s the New York slimes, then I think we can safely say, this is all lies being put out by the Iranians, knowing full well the Slimes will print it as gospel……Hanson is saying they are desperate to get the Dems to win the Mid Terms and the MSM is in cahoots……Which should send the sisterhood ape…..but TDS trumps all logic.
Not a surprise
Visioner
@visionergeo
·
Sep 13
BIG | 🇮🇷🇺🇸‼️‼️ Iranian hard-liners secretly sabotaged the fragile peace arrangement with the United States by ordering attacks on commercial shipping in the Strait of Hormuz without the knowledge of President Masoud Pezeshkian or much of Iran’s senior leadership, The New York Times reports.
According to Iranian officials cited by the NYT, the faction behind the July 7 attacks was linked to Hossein Taeb, the influential cleric and former intelligence chief who had opposed the agreement from the beginning. Three commercial vessels were attacked in the strait, prompting Washington to resume major strikes against Iran and intensifying an internal struggle over the country’s direction.
The revelation exposes how deeply divided Iran’s leadership has become over whether to seek an exit from the war or raise the costs for Washington through further escalation. By September, hard-line military figures had reportedly strengthened their position and were advocating increased pressure on U.S. forces and regional energy infrastructure rather than a return to negotiations. The July episode suggests that Tehran’s internal power struggle is no longer merely political, with competing factions capable of influencing decisions that can rapidly alter the course of the wider conflict.
“associate member”
The Kobeissi Letter
@KobeissiLetter
·
2h
BREAKING: In a major shift, the European Union has officially proposed making Canada the bloc’s first-ever “associate member.”
Details include:
1. European Commission President von der Leyen said Europe needs to “tighten its cooperation with like-minded democracies”
2. von der Leyen also says this would retain the continent’s sovereignty and tackle threats from “an openly hostile world”
3. The move comes just days after President Trump imposed 50% tariffs on $20 billion worth of Canadian goods
4. Canada’s Prime Minister Carney has confirmed that there are also discussions on certain types of mutual visa-free travel and work arrangements
The trade war and AI are redefining global power dynamics.
Morning Maddog
Let’s hope that’s the case and we’re straight up from here, that’s the best thing that could happen for sure.
Shares look decent pre market.
edit: Shares did look decent premarket, but not so much now, especially the silver shares. Hopefully things will recover some. 10 yr. is down 4 bips, that should help. I suppose nothing really matters until after the announcement.
maddog
I like your optimism on gold but today of all days there are probably a lot of short term traders lined up on both sides but maybe many shorts. . Shorts and longs. With the high rate of expectation the Fed will raise rates and if they don’t well likely see shorts covering and volatility well anyways would see swings in price. Also they may claim the expectation of rate hikes is priced in but did they price in any talk about one of future rate hikes? Either way can’t go down forever. Well it could but not likely.
Just stop shooting at ships … but this is encouraging
Iranian FM Araghchi said the MoU with the US is in effect and that Tehran wants to return to a peaceful solution, and added that Iran is not interested in continuing the conflict and looks forward to returning to a diplomatic solution.
One building sector surving the interest rates.
Data centers of course. off topic except for rare earth possible silver and copper.
- Resource Competition: The massive capital flowing into data centers drives up demand for specialized labor (like electricians) and materials, occasionally pulling scarce talent away from interest-sensitive sectors like homebuilding. [1]
- Explore economic challenges from Engineering News-Record. [1]
- Read market analysis via Construction Champions Podcast. [1]
Morning Buygold
Gold has turned up right at the levels it needed to , to confirm the 2nd wave down has ended…or it will have if holds…Appreciate the warning this time it may not be needed.
Zero had a piece ysdty saying the Bond mkt is all one way, rates up and that if the Fed raises , it will likely be carnage…..Think that’s why rates are already easing a Tad…..a few getting out and no offers.
Beware the pre-Fed rallies
Looks like pm’s have no fear of the Fed this am, although I think they were up before the prior meeting and then got sold back down after the announcement. I have no idea why they’d be up, other than oil is giving back a couple bucks and the SM futures are a little positive. Rates are down slightly, dollar up slightly.
Come hell or high water, they’ll be sold after the announcement OR if the SM rallies because they didn’t raise, they’ll be sold back down tomorrow. They are sold 100% of the time on either side of a Fed meeting.
In the meantime, we can enjoy it while it lasts.
aufever
Re yr 19.38…….TDS is alive and well here.
Problem is it is everywhere…Most places I go I have to button my lip, or start a war….People are absolutely dead certain he is an idiot, but when asked how many other multi billionaires, you are you aware of, that are idiots…you get mumbling…….
We live in very strange times where black is white and white is black….eg The IRGC are on any sane basis horrific and insane, the idea that they could have Nukes, should not ever be countenanced , they really would use them, they happily just killed @ 40,000 of their own people….. yet when President Trump says basta . The oh so concerned call him mad/Israels poodle…yet it is they who he is looking to save…..
You’ll get no TDS from me, quite the reverse …..but it is so rife if we shut it down, there would be a v few postsers……as an aside …..Anyone who does belief in TDS, also has to think Victor Davis Hanson is a fool…..
Ps he may just revalue Gold, and has certainly set off it’s greatest ever bull market….I think he is wonderful.
maya
The houses were a lot less then. They try to get as much as they can out of people. When the value goes down they can fight back by applying for a decline in value as long as it stays down.
Mortgage Rates?
in 1973 I bought my first house. The mortgage rate was 10% !
Bo Polny…. GOD’S “GREATEST MOVE In HISTORY” CALCULATED | THE GREAT AND TERRIBLE DAY — JOEL 2:31. Fascinating presentation, and Bo’s greatest call to date. Whether he’s right or wrong, we don’t have long to wait.
This is an obvious AI presentation, but taken from Bo’s Biblical research, and explains how Biblical history all points to his conclusion that September 24th, in just a few days, will be “THE GREAT AND TERRIBLE DAY OF THE LORD”. FWIW. SNG is a believer. I hope you are too, but regardless, I hope you all will watch this presentation. IMO these are the World’s End Times. SNG
ipso 22:09
Unfortunately that’s true. Although I wouldn’t say we but certain neocons we should know who they are with the same old weapons of mass destruction story.
I know who made America great
it wasn’t anyone in the Middle East, Africa, South America, nor Mexico or anywhere else. So yes lots of people hate us and we should bomb the shit out of Saudi Arabia and Mecca too. Nuke that crap. I don’t like towel heads or women haters. We effed up not nuking the House of Saud after 9/11
goldielocks
We’re already interfering, we started the whole thing. (at least this round)
Zimbabwe screwing up … again.
Ben Turney
@Ben_Turney
I’ve just posted the following statement on one of the main WhatsApp channels for the mining sector in Zimbabwe
@Mining_Zimbabwe
Following the MoM policy change on 22 May, which banned foreign ownership of what the MoM deemed to be small and medium scale mining, I have just received official confirmation from
@zidainvest
that the licence application for one of the projects I have been working on has been rejected.
This is not a surprise, but has far reaching implications for exploration in Zimbabwe.
For this particular project I had arranged $1.2m in legitimate foreign investment to fund a drill and mine development program to bring a mine back to life. This is a small investment amount in global terms, but is the kind of investment Zimbabwean mine owners badly need many, many hundreds of times over.
It is exceptionally rare for exploration projects around the world to attract $15m in immediate start-up investment (and I do mean EXCEPTIONALLY rare). As it stands, the new threshold effectively stops ALL foreign-backed exploration in Zimbabwe.
For what it is worth, I do not believe this was the intention of the policy, but the lack of consultation has severe consequences as Zimbabwe strives to become an upper-middle income economy, led by the immense potential in the mining sector.
I am very conscious I am a guest in this country. I am a strong believer in self-determination for all nations.
If Zimbabwe does not want people like me to be here that will be a very sad outcome, after nearly 4 years of hard work that has created hundreds of jobs, introduced modern technologies to the country and brought in millions of dollars of positive Foreign Direct Investment.
However, if that is how it has to be then so be it.

