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Since no one asked us to worry about it and that oil is not going here we shouldn’t interfere and let them take care of it.

The Hormuz Letter
@HormuzLetter
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4h
BREAKING: Yemen’s Houthis have laid naval mines in the Bab el-Mandeb Strait, per a Yemeni military source to DPA.

This comes days after they took over Yemen’s entire Red Sea coast and Perim Island. Both chokepoints between Gulf oil and Asia are now mined.

For a last resort, if we have our own resources we can also barter, trade and sell and in our currency, we shouldn’t need to trade away our gold.

Yes we have all sorts of resources but none are as suitable to back the currency as gold.

We still have other resources besides gold. That is as long as the weak links like Europe did cutting off his nose despite his face with “climate change” and throwing away farming and manufacturing when it was the only resources they had. So now they want to trade climate change for here comes the war drums for the resources they threw away.

The most constantly repeated, ridiculous, absurd conspiracy theories touted on this site, ad nauseum, are the ones about Donald Trump.
Certain posters will neither listen to nor acknowledge facts. TDS is alive and well here.

btw Nobody ask them, they just expect them, like NATO but only ones doing anything. How convienant, if they don’t have to ask them then they shouldn’t have to pay or get their own military out there  right?  Since the plan including Ukraine in NATO even thought it scraps any.pezace deal but they don’t want peace anyways ,maybe they can take our place. They appear to like to solve problems even if they cause the. with violence.

I hope we have enough gold to do some meaningful backing. That’s one of the great mysteries! I hope the US is hoovering up gold on the sly.

I can’t disagree with Isreal neocons interfering and seeing us like a free war welfare office. But then so does Europe and you don’t think Europe wasn’t sabotaging any attempt for peace because they don’t want peace but a proxy war where they can remain on the side line and let our kids to fight it for them and pay the majority for it so they can steal Russians resources for themselves. They can’t even secure their own border, are broke but pay off billions on a illegal invasion. Do they think they’re going to do their fighting for them? Their allegiance is not to them.

Because of Trump that didn’t exactly work out for them the way they planned. Because of Trump the genocide in Gaza finally stopped but doesn’t mean they will stop if given a chance.

So now what is Europe doing, waiting to get another Biden elected? I don’t know what’s all going on with tarriffs but it can sure bring negotiations to the table from years of status quo.

Nobody, nobody, asked him to do it! Ah, well, OK, the Israelis told him to do it, but no-one else did. Unilateral action, so now unilaterally undo the effects, big boy. I’m very disappointed in him, he has turned out to be at least as gullible as Trump 45, and is now showing increased signs of dementia (which first became clear when he unveiled his tariff rules), insisting that Northern Ireland and Eire should simply re-unite. “It just seems to me that you have Northern Ireland and you have Ireland, and it would seem to me that one of the naturals of all time is put them together,”

Yep, the president of the USA wants to ride roughshod over another country’s right to self determination and democratic processes. As an old lady interviewed on TV exclaimed (and it’s by no means sounds so effective without her Irish indignation) “Before he starts telling us about re-unification he should go home and unify his own country first!”

Meanwhile, Diesel continues its skyward trajectory, he’s trying $1.35tn of bribery to win the mid-terms, is 20 months late on his promise to end the Ukraine war, inflation and interest rates are out of control, partly because of his Iran mistake, all while he continues to threaten allies and enemies alike.

I think the alternative is to beat them to the punch and get pm’s into the mix with at least our bonds. Because if they beat us there, we have enough lunatics in the permanent government that will push us into war regardless of who is in office. I think these people actually believe they can survive the worst-case scenario. They will attempt to burn it all down IMHO.

All that being said, I believe we may have a natural disaster here in the states that severely weakens us before any of that takes place.

BTW – did you see where the UK is thinking about helping the Saudi’s with the Houthi’s on ZH? Where is Turkey? Where is Pakistan? Where are we???

A lot of stuff not making much sense these days.

WarMonitor🇺🇦🇬🇧
@WarMonitor3
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18m
Ukraine will continue to strike Russian energy infrastructure until Russia stops its own strikes on Ukrainian infrastructure Zelenskyy has confirmed today.

NEM carried the ball into the close. I see the SM got a bunch of short covering in the last 10 minutes. Why would that be? No hike tomorrow to surprise everyone?

SNG – we’ll see with CTGO. They’re a long way from rewarding shareholders. It seems they first have to convince the big boys that they can perform and start to get some big buyers.to move the stock up. If the story is as good as you say, it should happen on this next run higher. Good to see it up on a down day for the small caps.

“Gentlemanly”

You’ve got a point there. I guess it depends on our leadership. What’s the alternative? Burn it down?

They have the development cash in hand and have eliminated all debt and hedges so they do not have to devalue our shares with new public offerings etc. As Contango Silver and Gold they have also expanded their North American exploration holdings and added Alaska/LuckyShot producing mine. What’s not to like, especially during this current pullback???? SNG

I know he has some fans here but there are sometimes when he really just needs to put a sock in it. The “peace” president should have never taken orders from Netanyahu and created this mess. Oil is above $105 and rising. I just hope our pm’s are going to keep pace with the inflation that’s coming. $5 gas and higher food prices are going to wipe out what’s left of the middle class. This never should have happened. People will vote for socialism, especially the younger generation thinking it is their only hope. That means the lunatic Democrats will win elections and turn us into Europe. Republicans were letting them do it slowly anyway.

Trump Says Countries Should Reimburse US For Strait Of Hormuz Help

We’re not as gentlemanly as the Brits. So that’s not something I’d count on.
Hard to see them doing it at the currency level though. Maybe as large transactional backing.

We should try to beat them to the punch.

That’s good to know about CTGO. The only thing to complain about is their share performance.

If China develops into the #1 world financial power then I hope that we have the grace to accept it as Great Britain accepted it when the British pound came in second against the dollar.

I’m sure it would be a different world inside the US!

They have said what they were going to do and they’ve done it, and not only done it but produced very enviable results and going full steam ahead regardless of what the manipulated markets have done. I’ll take a hard worker over a big talker any day….. and yes I still own it and have added to it.

What’s not to like?????? SNG

I guess at the BRICS meeting China was pushing hard for everyone to use the Yuan.
ZH has an article out today saying China has bought twice the amount of gold originally thought.

What are the chances they beat everyone to the punch and come out with some sort of backing? What would be our response, other than lobbing nukes?

It’s always darkest before the dawn.

You gotta be in it to win it.

Anything works if you do.

Nothing ventured, nothing gained.

Plan your work and work your plan.

SNG

yet again, I dipped into some GFI a few minutes ago.
I mean, how bad can it get? Oh wait! 🤣😳

Your Contango definitely outperforming the last couple of days after getting smashed off $20.
It would definitely seem that one could run since it never really got going during the first leg up last year.
It does seem like we might bounce after the Fed shenanigans. Metals are holding well today.