So we would then see the yield curve inverting?
I forget what that means for the economy/ markets. We know this much, these governments can’t take rates any higher than they are.
It seems a revaluation would solve all sorts of problems and might be agreeable to most governments. They’re going to have to bump it up toward 25k at least IMHO. There’s your reason for the Dec. calls.
Good to see silver escaping $65
Re weapons …..you were useing big weapons against drones, but I doubt very much that is true now.
The problem with the war is the Media hate Trump and will print anything negative, including outright lies, so what is true and what isn’t….the Media have had Putin losing and dieing every week for years now.
re short end vs long the whole world looks like it was betting on higher rates, so they had the yield curve wrong as well, which is basically spread trading …. you get far bigger size put on, rather than the outright trades……
They were betting the long end would continue to widen above the short end…..today we see start of an unwind…..with no-one on the other side and in mid summer…..Gold shorts are gonna get similar or way worse, as longs pile in and shorts cover.
here is the move in 2 vs 30’s tdy
You’d have to convince the world you actually had some.
Who would you send to Fort Knox to vouch for it? A skeptic like Rand Paul?
MINING.COM
@mining
Gold miners are running 2.5x ahead of gold itself.
$GDX
: +27.8% in 30 days
Gold: +11.2% in 30 days
$65 silver must be a big level for the criminals, wondering what or who breaks when we leave it in the dust? They are fighting it hard but the share are saying “nyet!”
It looks like the shares might start to price in future earnings, something they haven’t done in 25 years.
Battle for $4500 is raging. How many times in the last 25 years have we seen gold up 3.5% in a session?
Seems the trend is our friend! 🙂
Mark
@Mark_IKN
South America Is Turning Right (a short thread)
The #Chile election result this weekend is more evidence of how the region is moving away from the political Left wing. The surprise is the right’s veto majority, it’s also the rapid rise of the Hard Right under José Antonio Kast..
Medeea Greere
@GreereMedeea
🚨 BREAKING — Gold Never Dies: U.S. Treasury Secretary SCOTT BESSENT Reignites the Gold Standard Debate — “Gold Can’t Have a Budget Deficit. Gold Can’t Start a War.”
BREAKING: U.S. Treasury Secretary Scott Bessent ADMITS gold is immune to deficits, debt, and war — sparking calls to revisit the gold standard 55 years after Nixon’s “temporary” suspension. Is the global system shifting again?
I read awhile back although hard to tell what’s real or not with news that we were using big weapons for little drones and Irans plan was to cause us to go broke. That they needed to find a better way to deal with the drones.
Mexican beer brand Tecate has a message for President Donald Trump in its newest commercial: “Trump can go fuck himself.”
The line appears in a video recapping Tecate’s recent “Gulf of Mexico Bar” campaign, which mocked Trump’s decision to rename the Gulf of Mexico the Gulf of America.
https://www.aol.com/articles/mexican-beer-tecate-brand-pokes-212300000.html
Willem Middelkoop
@wmiddelkoop
More Money Printing
‘At 8:33 AM ET the U.S. Treasury released a statement saying it is increasing (at least doubling) the maximum size of its liquidity-support buyback operations for longer-dated nominal coupon securities (10- to 20-year and 20- to 30-year sectors) from $2 billion to at least $4 billion per operation. The change takes effect September 9, 2026.’
Besides AI capata anxiety and monitizing debt.
+1
The U.S. dollar is down this morning because recent soft economic data, including mild inflation and weaker job market numbers, have caused investors to lower their expectations for upcoming Federal Reserve interest rate hikes. Markets are also pulling back on Treasury yields as traders await the afternoon release of the Fed’s July meeting minutes. [1, 2, 3]
Wall Street Mav
@WallStreetMav
·
14h
Brilliant marketing strategy. Tick off 50% of the American market.
They could easily setup production in the USA and avoid all tariffs. But they would rather alienate their customers.
Quote
Breaking911
@Breaking911
·
15h
Mexican Beer Brand Tecate Tells Trump to ‘Go F*ck Himself’ Amid Tariff Fight
Now we find out what we kind of strength we really have.
Did you notice that over here the short end is rising but the long end is falling?
Any idea what that means?
Saudis Offer To Sell Oil Near Oman, A Sign They’re Sailing Dark Through Hormuz
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it.
According to OilPrice.com, Saudi Aramco resumed crude loadings from its Ras Tanura and Juaymah terminals inside the strait last week, ending a three-week gap in activity at the ports, according to Kpler and Vortexa data cited by Reuters.
Three VLCCs — Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity — each loaded roughly 2 million barrels between August 12 and August 16. Six more VLCCs could load Saudi crude from inside Hormuz later this month, provisional Kpler data showed.
The next round may involve Saudi Arabia’s own ships. According to Bloomberg, Saudi Arabia is offering to sell oil from off the coast of Oman, a sign that the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
Dollar down hard. What a difference a day makes.
HUI up 50. Looks like a mania! Volume good in the first 15 minutes.
Something going on under the surface?
Will the Algo’s sell this huge gap up opening and will that selling be jumped on……with PM’s moving like this the shares are the bargain of the century down here…..the shorts and there are boat loads are gonna get slaughtered.
looks like ystdy was justa small C wave down…if we take out 4450 plus, then we run twds 4700 plus…just on an equal swing tgt…waves should start expanding now, if we go parabolic…..
Rates were down a little yesterday too.
Did they just shake the tree to get some longs to puke yesterday like they did last week?
Do we resume our recent rise or does that only happen if SM strength resumes?
I have no clue.
PM’s just popped bigly in the last few minutes. Yeah baby!
Goldie – I’d think they’d discuss it if they felt they were too low on munitions, but still unable to stop Iran from flying drones and firing missiles at their neighbors to disrupt the flow of oil.
maddog – sounds good to me. If that’s the case, then we should start to see oil stabilize and retreat back toward $60 soon, as the world gets re-supplied.
And the USD.
With increase in bonds I checked to see if the Fed is buying to bring down inflation, what a oxymoron besides the NY Fed desk vs QE and they stopped their QT. Yes they did and said they will pause till end of Sept I’m assuming although NY Fed will maintain the Bank reserves by roll overs.
The Federal Reserve recently engaged in Reserve Management Purchases (RMPs), buying roughly $40 billion per month in short-term U.S. Treasury bills (T-bills). The Fed initiated these purchases to accommodate growing bank reserve demands and maintain ample financial system liquidity, but announced a pause/halt to these specific T-bill purchases.
I’m hearing from Tousi and VDH that the US has near total control of Hormuz, all the Iranians can do is be a nuisance and nearly every action they take is a suicide one.
You wiped the Iranian armed forces out in days , it was an extraordinary example of how very, very good you and the Israeli’s are. All iran has left is the Army and that has no aircover….The thinking now is that the physical siege combined with the financial one being run by Bessant, will collapse the regime soon…..Having Bessant run the financial squeeze, is v smart……making life hell for people that throw gays off buildings , must be a real pleasure.