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Precious metals, GDX, SILJ ⏫ / U.S CPI core still 3.1% and 4 FED cuts priced-in / CB meetings week up next

  • Writer: Stéphan
    Stéphan
  • Sep 12
  • 4 min read
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  • ALL time highs....for Stocks, home prices, BTC, Gold, money supply, U.S national debt , CPI inflation 4% per year since early 2020 (twice FED target) and FED is cutting next week (it's all priced mind, 4 cuts priced in, so they could deliver 2 meetings worth with 50bps, and say they are done, so do watch out with mr market limit short VIX)

  • Markets : after weak U.S jobless claims at +263K...inflation flared back up in August while layoffs surged to a 4-year high...rates futures pricing have 4 straight 25bps Fed rate cuts through Jan 2026, DB raises S&P 500 target back to 7,000 as markets recover from tariff shock, FTC launches inquiry into AI chatbots of Alphabet, Meta and others, ECB unch and done now, pretty much all other major Central Bank meetings coming next week, Japan cuts price cap on Russian oil to $47.60 in additional sanction, ''what if the $3 trillion AI investment boom goes wrong? - Economist >>> markets at or near all time highs, no care about valuations and/or geopolitics, as bonds rallied on weaker #macro U.S , precious metals, PALL continue, XAGUSD could get into a whole new bullish phase too.., mining companies repriced, we have the highest short $VIX position since 2022 though so watch out >>> USD, RMD, GOLD...the foundation of a real multi-polar system , countries recycling into RMB and gold instead of Treasuries

  • Geopolitics : Foreign Minister of Poland Radosław Sikorski: I think it's high time that President Trump should see that Putin is mocking him, Poland has closed its entire eastern airspace for commercial use until December, establishing a no-fly zone, Zelensky met with Keith Kellogg to discuss increasing pressure on Russia and coordinating with partners for a faster end to the war, Brazil's former president Bolsonaro found guilty of coup plot, France's 'Block Everything' protests converge around ousting Macron, Lebanon stated it expects to disarm Hezbollah in 3 months, The U.S. lets Belavia back into the skies as Lukashenka releases 52 political prisoners

  • Trade : Lutnick Signals optimism on trade with Taiwan, Switzerland, US to urge G7 to impose high tariffs on China and India over Russian oil purchases’ (FT) but the EU refused this week, Bessent will meet China trade negotiator VP He in Madrid to discuss trade, economic, & national security issues, with talks also covering TikTok and efforts to combat money laundering, Mexico to raise tariffs on cars from China to 50% in major overhaul

  • XAGUSD : BoA ''shifting just 1% of global reserve assets into silver would be equivalent to 5years' worth of silver supply''..

  • Tesla admits that its cars may never fully drive themselves..

  • This week energy giant Ineos said it was pulling out of the UK and investing £3bn in the US instead. Tonight pharma giant Merck scrapped its £1bn facility in London - which it was already building - saying the UK "is not competitive.", energy prices..

  • South Korea’s president says Georgia ICE raid could have ‘considerable impact’ on direct US investment from his country






worth a listen when you have a moment >>>This week, Anthony Scaramucci is joined by renowned journalist Stephen Sackur to answer all these questions and more.



Excellent analysis there



‘What if the $3trn AI investment boom goes wrong?’ (Economist). Elon Musk already just stated it means the government goes bankrupt; but more generally if AI works, even white collar analysts lose their jobs —so chaos— and if it doesn’t, $3trn goes  and debt problems are unresolvable - so chaos.











 
 
 

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