The Hormuz Letter
@HormuzLetter
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5m
BREAKING: US military has begun launching the third round of strikes against Iran in response to Iran’s earlier attack on commercial ships transiting the Strait of Hormuz, per CENTCOM.
CENTCOM has identified one of the attacked ships as the Cyprus-flagged container ship M/V GFS Galaxy, with a civilian crew member missing and the vessel suffering significant engine room damage and an onboard fire.
The Hormuz Letter
@HormuzLetter
·
33m
BREAKING: Iran’s IRGC has struck and damaged two commercial ships attempting to transit the Strait of Hormuz on an unauthorized route, which led to the full closure of the Strait minutes ago, per a source close to Iran’s Ghalibaf.
A US official confirms that one of the ships was struck by an IRGC ballistic missile and suffered heavy damage.
We can expect US strikes in the coming hours.
Once you see it, you can’t un-see it!…..and it’s not a “pretty sight”!
The Vigilant Fox 🦊
@VigilantFox
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22h
Joe Rogan fell into stunned silence as Dr. Casey Means rattled off one disturbing health stat after another.
“We are getting destroyed, and it’s very recent, and it’s accelerating,” she warned.
https://x.com/VigilantFox/status/2075591027591688678/video/1
“let’s hope it doesn’t turn into years.”
You and me both brother! This correction has already gone on too long for my taste.
Cheers
I guess it’s all about the dollar. “Months or years to complete the pattern.” I hate the sound of that, especially in the pm market. We’re already working on the “months”, let’s hope it doesn’t turn into years.
He’s always said it like it is.
Jennifer Jacobs
@JenniferJJacobs
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4h
NEWS: Iranian officials privately told Trump advisers that they made a mistake in shooting at commercial ships in the Strait of Hormuz, that the attacks stemmed from an “errant” sect of hardliners who are trying to undermine negotiations, and that they want to keep talking, senior U.S. officials told
@CBSNews
. White House wants the regime to publicly acknowledge its mistake, which the Trump administration views as a violation of the ceasefire.
Trump has directed his team — led by JD Vance, Jared Kushner, Steve Witkoff, and Marco Rubio — to continue negotiations.
The talks are to take place in Oman.
The U.S. will respond, using military and economic leverage, if Iran continues to engage in hostile acts, the officials said.
Visioner
@visionergeo
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9m
‼️‼️🇺🇲🇮🇷 According to a high-stakes report by Axios, the United States has issued a definitive, final ultimatum to Iran, giving Tehran until Saturday to publicly condemn the recent hostile attacks in the Strait of Hormuz and explicitly declare the vital waterway open for unrestricted international maritime transit.
Washington has coupled this strict deadline with an ominous warning of severe, devastating consequences should the Iranian regime refuse to comply. The diplomatic standoff has reached a knife-edge, with U.S. forces in the region positioned to act immediately upon the expiration of the deadline.
Underscoring the extreme gravity of the situation, a senior U.S. official delivered a blunt, uncompromising warning to Axios, stating: “If this is not their position by tomorrow, it is not going to be a good day for them.” This explicit threat signals that the Trump administration is prepared to abandon diplomatic channels and deploy overwhelming kinetic and military force to secure the world’s most critical energy corridor, pushing the Middle East to the absolute brink of a major regional conflagration.
Good summary and may kickstart PM’s next week
https://www.brighteon.com/d02f4875-b913-4ac2-b436-7ada48ea5cca
On the dollar action. One thing for sure, they have no intention of allowing silver to close the week above $60.
So wheat, barley, cotton and peanut crops could be at risk.
Btw that reminds me, if El Nino brings wetter weather in the west and dryer weather in the north and mid west I’m going to have to see how that might affect crops next year.
There are many factors that can influence interest rates besides inflation. Using truflation of about 4% (3.5 now),it does not seem a significant problem. Again, though, that is past history. Charts predict future situations imo.
As far as nat gas, I am thinking more about overseas demand, not U.S.
I pay close attention to the weather as my main positions are in the grain market.
aurum
If they raise the interest rates because there is inflation it will affect more than just the miners. I believe in charts but they only reflect after the fact of news and what metal paper traders will do. I appreciate your being one who watches charts as well as Maddog.
If your thinking about gas for winter keep in mind that according to the weather experts were in a El Nino this year. That usually according to what usually happens will bring warner winters to the north, east and mid west and cooler rainy winters to the warmer western states like Calif that could use the rain anyways. They might want to check their dams make sure they are ready. Heat will still be needed but not like the really cold winters.
Eliminate the knee jerk reactions of the market paper traders which can be apparently wrong at times when you see the long term picture but as far as stocks vs phyzz you can hedge or get out. They are a headache and can make it difficult for bullion dealers and miners not to mention investors.
Are the only things I pay attention to. Trying to interpret possibly incorrect news and determining its impact is too sketchy for me.
Another thing along those lines is that price should confirm the narrative. So far the nat gas price has not confirmed the narrative of shortages. However I am following the chart carefully as I have 5 positions that hinge primarily on a winter rally in nat gas. If the chart doesn’t confirm that narrative soon, I will be forced to take either small losses or perhaps small gains.
As far as interest rates go, I have opened a position in BND, if it goes according to my chart interpretation interest rates will not rise. I realize government paper is not as low risk as it once was, so there is that.
aurum
Lol that’s pretty creepy.
With the volatile market we have to pay attention to the market movers and the Fed. Back in May it seemed the miners were moving away from the whirlpool and moving back up but then stronger-than-expected US ” better than expected” employment report caused markets to price in higher interest rates. That pushed the dollar up and futures speculation despite being industrial unwinded.
Mike Pento gave a compelling argument why the new Fed chair won’t hike interest rates but it will depend on data how the market interprets it. Then it’s up to you to decide whether your picking up shares or phyzz at a discount or not based on whether you think their interpretation is correct or not.
No flush as usual. I got two bits that says we have a chance.🤔
I could see it having one more leg down to the 70 area. It is not the best chart to use.
I like the PSLV chart or the AG (First Majestic) charts much better.
In both the slow stochastics looks good. Now the challenge is to take out the 18 day sma and successfully test it.
aurum
I think he’s branching out!
