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Trump : RU sanctions likely, Tariffs on Copper & Pharma / 'Debasement play' stopped after NFP / USD oversold

  • Writer: Stéphan
    Stéphan
  • Jul 9
  • 4 min read
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  • Markets : Musk tells Dan Ives (#TSLA 's biggest bull) to 'shut' up, Truly incredible: Markets now see a BASE CASE of an additional $10 TRILLION being added to US debt by 2028. This would put total US debt at $46 trillion, officially up +100% since 2020. Trump admitted yesterday of being played by Putin (some nasty reaction could now come, he started by saying more arms for UKR... his ego won't allow him to be played by Putin for long, starting with sanctions #PALL !?.. ), EU ready to sign 'inferior framework deal with US (FT), talked about this one very recently (2july).. #COPPER UP in NYC terms and DOWN in LDN LME (ill thought strategy by Trump..), The US Dollar has rarely ever been this oversold >>> some $$$ upside reaction together with some risk-off in weeks ahead, as Trump goes nasty on tariffs and no more TACO (let alone bigger action vs Russia, with sanctions..), take a chill pill, markets valuations are rather well/fully priced, wait for better opportunities into Aug/September, the 'debasement trade' stalled/stopped since NFP...

  • Trump: “Putin showers us with bullshit. It sounds nice but means nothing. I’m very seriously considering sanctions against Russia. I’m not happy with Putin—he’s killing a lot of soldiers, his own and theirs. We’ve given the Ukrainians the best weapons ever made.”

  • USD share of global FX reserves (including gold) now <50%

  • #TSLA Elon Musk tells Tesla bull Dan Ives to 'shut up' after analyst calls for company oversight of the CEO

  • #XAGUSD Ed Steer: World's Bullion Banks Net Short 50% of Total Silver Open Interest

  • The End of America’s Exorbitant Privilege

  • Trump's top housing regulator calls on Congress to investigate Powell >> he is panicking as there is now nearly 10months supply of new single family homes for sale, similar to Feb 2008

  • Meta nabs Apple AI chief – a win for Zuckerberg or a sign of Apple’s weakness? Germany demands Apple & Google remove China’s DeepSeek AI from their app stores

  • The US stock market has a market capitalization of $63.8T, which is more than the other markets listed below combined at $61.6T

  • The #EUR is coming to : Bulgaria to join euro area on 1 January 2026 >>> EURO also made a new all-time-high in trade weighted terms yesterday

  • With ICE now being the largest law enforcement entity in the US, its aggressive tactics in major American cities are only increasing. I look at the deployment of ICE against American citizens and how its turned our democracy into fascism



Trump: “Putin would’ve taken Ukraine in 3-4 days if not for Ukrainian bravery and U.S. weapons” During a press briefing, Donald Trump made a powerful statement about Ukraine's defense at the beginning of Russia’s full-scale invasion:  “We gave them missiles — the latest and the best. This would’ve been a war lasting three, maybe four days. But they had the advantage of incredible equipment. And I’ll say this: Ukrainians — whether you think it was fair we gave them all that money or not — they were incredibly brave, because someone had to run those systems. A lot of people I know couldn’t have done it or had the courage to do so. They fought very bravely.”



Considering the current state of affairs of the world as they stand today -- and the structural deficit in silver -- and now in platinum and palladium as well, the chance that these big bullion banks and commodity trading houses could get overrun at some point, is no longer zero -- and certainly within the realm of possibility if things go totally non-linear at some point.













 
 
 

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