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Op 'Vide-Gousset' - USD - GOLD / 25th amendment / 800 vessels stuck in Hormuz, IATA warnings / Talks starts now..

  • sc0172
  • 8 hours ago
  • 3 min read

  • Iran war update : reminder..Before Trump’s war the Strait of Hormuz was open, sanctions were in place, and U.S gas was below $2.5, then he gave up a lot to reopen it... world economy was prodding along quite nicely before the war, now it will struggle for a number of months, whole Middle East dynamics have totally changed for the long-term.....winning!.. ?.. >>> OK so we have the expected 'truce', now the hard work begins, while the details are worked out, devils always in the details..The Iran 10 point plan is Very different than the initial 15 point plan from the U.S..... ! so beware !..

  • Markets : 800 vessels still trapped in Hormuz, IATA warns it will take months for fuel supply to fully recover, Vietnam upgrade, was the war even 'legal' (there will be a huge debate going for a long while..),

  • Goldman Sachs: "We have seen one of the weakest periods of relative returns for technology over the past 50 years."

  • The employment component of yesterday's ISM Services data came in at the weakest since 2023, even as new orders picked up to the highest pace in three years

  • Confirmation.. : NBER, Bloomberg, Goldman, OBR, NIESR and others have all concluded that Brexit costs the UK about £100bn of GDP foregone per year

  • China’s central bank reported that it bought the most gold in more than a year in March. 17 months in a row

  • Vance, who flew to Budapest to endorse Victor Orban in Sunday’s elections, accused the EU and Ukraine (amongst other things) of interfering in Hungary’s elections. Yup, you read that correctly








Moons apart from the 15 point plan from the U.S !...





The current gold movement has drawn parallels with the 1960s 'Bretton Woods' system where US dollar was convertible into gold for foreign central banks. Back then, France under President Charles de Gaulle was wary of US monetary expansion and secretly repatriated a large chunk of its gold from New York and London between 1963-66.

























 
 
 

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