The Hormuz Letter
@HormuzLetter
·
9h
BREAKING: Iran warns that in direct response to the US naval blockade on Iranian oil and gas exports, “other export routes for oil and gas which serve the interests of America and its allies” will also be closed, including the UAE Fujairah pipeline and Saudi East-West pipeline, per Tasnim.
Iran adds “oil and gas exports from the region: either for everyone or for no one.”
West Red Lake Gold Reports Strong Q2 Operating Progress with 73% Increase in Mined Ounces and 51% Higher Gold Production over Q1 at Madsen Mine
https://finance.yahoo.com/markets/commodities/articles/west-red-lake-gold-reports-083000342.html
Mark_IKN has a comment:
Mark
@Mark_IKN
Much better.
Grade still an issue, but throughput made up for it and running the mill at 842tpd over a full qtr will put a lot of minds at rest. If you don’t like
$WRLG.v
from here, either you’ve never looked at the stock or you need remedial math lessons.
Otavio (Tavi) Costa
@TaviCosta
·
15h
Copper refuses to confirm gold’s recent weakness.
That resilience speaks volumes.
I suspect gold is about to remind investors why this remains a well-established secular bull market.
Wall Street Mav
@WallStreetMav
·
14h
The company from India known as “IBM” had a huge negative day after issuing a Q2 warning on earnings.
The CEO from India has been firing all of the Americans as quickly as he can and shifted jobs to his family and friends in India. 140,000+ jobs now in India, compared to about 40,000 remaining in the USA.
It’s no surprise that the company is failing dramatically.
Sounds like some rough times! Glad to see you made it through! 🙂
It’s all about pre-positioning ( pushing the paper price of G&S down before an economic # comes out). The scum knew that the PPI number was going to be on the light side ( -0.3 vs. 0.0 expected), so when there’s a knee jerk reaction higher after the number, the gain is very small.
Part of the games they will always play….
The weak performance of the shares yesterday was screaming that we would. Dollar is flat, but the 10 yr. is up a couple bips and oil is up $.60. The sun also rose this am, so that’s enough for pm’s to get trashed.
I suppose there’s an outside chance that the PPI inflation could be soft and we get a repeat of yesterday, but not something I’d plan on.
We are now in the 6th month of this correction.
Glad the back is better. That nerve pain is no fun.
Hope you’re able to check in more often!
Hey All
I put in a rough six months with intractable sciatica
Had a laminectomy 2 mos ago and am back in action
I had the best orthopaedic surgeon and wonderful nursing care
Onward Pilgrims
Winedoc
Extinction might not be too far behind.
China not too happy their government not putting their citizens. That CCP don’t reflect on themselves or higher powers.
Silver bits, 1/10 oz silver. A point being made is people having a problem with math may have a harder time trading 90% silver dimes. Might be the new dimes with even partial digital going on. Premiums too high though. They’d have to bring it down to a 10th of a normal or discount premium for a oz.
I heard on inside edition that Graham was having chest pain earlier after returning from seeing Zelensky but did not seek help. He said he can’t die now. He waited too long, they had to break through the door. If a heart attack would of had a chance but he must of had a serious tear because hardening of arteries with little elasticity.
The guy thrown by the bison did not bother it at any time, it was bad luck. He played Santa on Christmas.
What is seen cannot be unseen?
We only see what we know ( or look for)
Dr P Marik.
You bet! Welcome back!
Been lurking for a few months but never got around to asking for a password reset until now.
winedoc is that really you? We thought you were very ill!
Glad to see you posting!
Hey Friends
Just a shout out
Still here every day
Just checking in under the Tent flaps ……..
Winedoc
@HormuzLetter
·
22m
BREAKING: Trump announces starting next week the US will strike all of Iran’s power plants, bridges, and energy sites. He says the US will also strike Iran “hard tonight, tomorrow night, the night after.”
This comes as Iran has just announced full withdrawal from the MOU one hour ago.
The Hormuz Letter
@HormuzLetter
·
1h
BREAKING: Iran announces its full withdrawal from the Memorandum of Understanding due to US violations, with Iran’s Deputy Foreign Minister Gharibabadi saying Iran will exercise “full sovereignty over the Strait of Hormuz, no matter the costs,” including Oman’s half, adding that while Oman is normally one of two countries controlling the Strait, “for national security reasons Iran must control all of the Strait” during wartime now, per Tasnim.
Gharibabadi says that the US not only violated the agreement, but completely dismantled it, especially with the naval blockade on Iranian ports, ships and customers that has just taken effect one hour ago.
Gharibabadi adds Iran “will never request negotiations with the United States.”
Ipso – yep, gotta be happy with gains no matter how small
Goldie – terrifying
Summer doldrums to summer heat wave. It’s gonna get up to 103 here but weather shows high temps all over the country. Anyone with heart or any significant illness or elders should stay out of it including children. Increase of children being taken out to parks in this can wind up in emergency rooms. Family doctors don’t seem to warn you parents about that or heat exhaustion or heat stroke. I can’t believe my daughter in law did that to my grandson once when the temp was running 104-5 took him to the park at about 2 yrs old. I get a call to go to the ER down town my grandson having a stroke and seizuring. Then I get down there and some foreign nurse was jabbing him over and over and can’t believe I have to take over and put a IV in my own grandson to save him pain and suffering. Then asked how much fluids are you giving him. No answer. I asked her again no answer She didn’t know. A American nurse passing by heard it came in and said how bout 50 cc. I’m fine with that and wanted it documented to track before they transfered him to peds. I hope no.parenf or grandparent has to go through that.
Nice to see some kind of gain, any kind of gain! 
PS “Biometric eyeballs”
Doesn’t seem real secure … but I guess what is? Cash?
That in a survey of shoppers in Vegas that 1 in 10 shoppers are now using biometrics to pay for their goods?
In San Francisco shoppers get their eyes biometrically scanned and receive a digital currency to spend in the store?
The beast system is well underway.
GDX bounces off the lows again. Hard to believe we’re making a bottom though, I would think the bounce would be stronger.
