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Tether buying Gold / Crude : 18mos to stabilize inventories / U.S CPI steady, 10's UST auction highest level since 2009
- sc0172
- 14 hours ago
- 3 min read
Markets : steady US inflation numbers, no big moves either way, steady as you like, crude steady, U.S. budget deficit surged in July to highest level since March 2021, Strait of Hormuz traffic falls to lowest level in 3 months, Uranium hits highest price since February, JPM : Speculators are now the most long on the U.S. Dollar in more than a decade #USD , 10-Year Treasury Note Auction drew an interest rate of 4.683%, the highest since the run-up to the Global Financial Crisis, South Korea's 30-Year Bond Yield hits highest level in history, UK economy grew 0.4% in second quarter (steady), and why not... Anthropic investors bet on $2tn valuation in record IPO, Tether : This Crypto Platform buys Gold Like a Central Bank—and for the very same reasons, can't make this up, just buy and hold Gold..
Trump's U.S : Lowest Munitions Stock in history, Lowest Petroleum Stock in history, Highest Nation Debt in history & Lowest Approval Rating in history... winning!
Chinese government has disclosed for the first time that it has officially included the internationalization of RMB in its 15th 5-year plan. All of state-owned top institutions bullish on gold, Capital in China is flooding into gold ETFs
Iran set to join the New Development Bank, a financial institution established by BRICS
AI : Is this circular financing? No! It’s just us helping our partners raise billions in debt and us backstopping 25% of the deal for customers so then they can then buy our GPUs. If anything it’s spherical / Thread
Crude : Exxon, Chevron and Total, all been saying similar things, now Saudi Aramco's take on the situation.... : it will take 18months to get back to near normal
JGB's JPY : The Bank of Japan has to hike. The latest producer price inflation came in at 7.2% in July. Inflation linked bankruptcies are surging - hollowing out industry
Felix Prehn 🐶 on X: "Jim Rogers is holding cash even though inflation’s eating away at it. I asked him why and this was his answer: When panic hits, money flows into whatever people see as safe. And for now, that’s still the dollar. So the US dollar goes up. He wants cash ready for that moment. https://t.co/ZXraFfkwY2" / X
Gold vs. Bitcoin*
1 Year: +30% vs. -47%
2 Years: +76% vs. +7%
3 Years: +125% vs. +116%
5 Years: +144% vs +40%
*Long-term track records > 5 years are MEANINGLESS on an asset class that drops 70-80% every few years. SIZE drawdowns knock MOST investors OUT of the game, FACT.
Ed Zitron on X: "Is this circular financing? No! It’s just us helping our partners raise billions in debt and us backstopping 25% of the deal for customers so then they can then buy our GPUs. If anything it’s spherical https://t.co/b2K2e3BBGc" / X
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