07-20-26 carib
| https://www.jpost.com/opinion/article-902932 |
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07-20-26 savo
thank you Dov
meanwhile..
(Bloomberg) — Iran said mediators have been in touch with proposals on how to ease hostilities with the US after several days of clashes, though tensions remain high after a threat by the Tehran-backed Houthi group to blockade Saudi Arabia. |
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07-20-26 carib
Rabbi Dov Lando, spiritual leader of the haredi (ultra-Orthodox) Degel Hatorah faction, attacked the religious Zionist community, accusing them of waging wars that were not for Israel's protection.
"If the country sends people, soldiers, in the name of the country's honor, and they kill people, is that also allowed?" he questioned. "It's simply murder. So they're inciting to murder, that's what they're doing." |
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07-20-26 savo
These are the most significant macro factors facing the precious metals markets for the rest of July:
1. The Hong Kong gold clearing exchange goes fully operational July 24, 2026. It plans to build up their gold reserves to 2,000 tons of gold over the next 3 years. Their current supply is 200 tons, so they will increase their vaults by 600 tons per year, or 16% of the yearly mined gold supply. They are also restricting paper trading and will push their investors to physical. This will give China pricing power over gold.
2. India’s MCX has 17 days of silver supply left factoring in the last 5 days of withdrawals per @pmbug reports. India’s silver supply has dwindled since May import restrictions began. These restrictions coincided with the drain from the Comex stopping and reversing. Allowing the Comex to rebuild their registered supply of silver from an April-May low of ~75m oz to 95m oz today.
3. U.S. Trade Ambassador Greer is traveling to Mexico on July 21, 2026 to have a 3 day negotiation from July 22-24 regarding the USMCA. Critical minerals have not been mentioned as a topic of these negotiations. I suspect for national security reasons, and because us twitter heads blow it up as news so efficiently, critical minerals as a topic must remain confidential. Mexico is the largest silver producer in the world, and it would make sense that metals production, refining, and critical mineral trade would be a topic of conversation. The price floors topic from earlier this year have not been mentioned in the press release either. Again, because i think for national security purposes it must remain confidential to prevent front-running at this point in the process.
To summarize what i think of these July developments, i remain bullish on silver. I am thinking about how the Indians restarting silver imports could create a problem for the Comex again. The bankers managed to smash the price of silver to the mid $50’s. So when the indians start buying again with all the pent up demand, they will be taking huge volumes of silver at a discount. The registered silver supply stands at $4b worth. One large buyer could take every oz they have. I think for national security purposes, to prevent india from draining the comex again, a price floor could be set to allow a force majeure to be declared, to revalue the price of silver and bailout the bankers and sell to the indians and other countries at a higher price. One where the natural supply and demand are balanced.
The other scenario, is that now that the price of silver is so cheap, i wonder if there may be a huge short covering rally, squeezing the price of silver. Because we all know that the paper to physical ratio of silver is over 300:1. These prices are too good to ignore. Bankers should start considering covering all of their shorts at the historical $50 breakout level for silver.
https://x.com/MBAeconomics1/status/2078486960323043360 |
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07-20-26 savo
gold at 4000$ ... what will be it next , above ore under 4000$ ??
as long as the war lasts... i think the US will continue keeping gold repressed... can't have gold at 20k while at war ...
But the Chinese are moving... On July 24th they are launching the first physical gold exchange... whith real gold in the vaults... no more margin... but 100% physical... whoever sells has to have gold to deliver... whoever buys receives real gold.
And the scheme has two legs... one in China for chinese ..one in Hong King for foreigners.
If this works... we will finally know what is the real price or real physical gold... not the price of paper gold. And if the price of real physical gold is above the manipulated price of paper gold... real gold will flow east and western vaults will be emptied. |
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07-20-26 spal
KOSPI Plunges 5.1%, Marking Sharp Decline in Seoul Shares.
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Whoops |
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07-20-26 spal
Like the UN: given veto powers, it can only enforce decisions on small powers with no big power protector.
Very limited scope for action, compensated by tons of words and large bureaucracy, sadly.
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Well put. And the way of this world. |
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07-20-26 carib
| Savo: point is.. JD and his boss .. ARE the US government. |
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07-20-26 victor
U.S. Central Command
CENTCOM began conducting a new wave of strikes against Iran at 7 p.m. ET today for the ninth consecutive night. The strikes will continue degrading Iranian military capabilities used to attack commercial vessels and civilian mariners transiting the Strait of Hormuz. |
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07-20-26 pillz
| still playing ASML Holding on the upside and downside , it is already 4 months in this play and I have made big $ .... |
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07-20-26 pillz
| gold at 4000$ ... what will be it next , above ore under 4000$ ?? |
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