Is gold setting up for a short squeeze amid the Iran deal?
Gold funds posted -$2.3 billion in outflows last week, marking the 4th consecutive weekly outflow.
This brings the 4-week average of outflows to -$2.0 billion, the 2nd-largest on record.
This is only below the -$3.5 billion 4-week average record seen in February.
Meanwhile, the largest US gold-backed ETF, $GLD, has seen -$2.2 billion in outflows so far this month, on track for its 4th consecutive monthly withdrawal.
Year-to-date, $GLD has seen -$8.1 billion in outflows, on track for the first annual withdrawal since 2023.
Conditions are ripe for a short squeeze.
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Rockstar is moving like the CIA right now.
To catch the GTA 6 leakers, they're allegedly planting fake info with specific developers. Different fake info for different people. When something leaks, the version that hits the internet tells them exactly who the leaker is.
This is a known intelligence technique used by the CIA. It's called a canary trap.
A video game studio is running counterintelligence ops against its own staff to protect Trailer 3.
This isn't damage control. This is spycraft.
It won’t happen, but that’s one way to crash the dollar.
The Gold sits on both the Fed’s and the Treasury’s balance sheets, and there are many more derivative contracts that rely on it as a good lender of last resort.
If anybody actually asked for the gold, there wouldn’t be enough physical metal to back all the paper contracts.
Imagine your boss doubled your pay tomorrow. Henry Ford did exactly that to his factory workers on January 5, 1914. The New York Times' financial editor walked into his newsroom and asked if Ford had lost his mind. It built the American middle class.
Before Ford's announcement, the auto industry paid roughly $2.34 a day for nine hours of work. Ford bumped his minimum to $5 for an eight-hour shift. More than double the pay for one less hour of work, and no factory in America had ever paid that kind of money for unskilled labor.
Twelve thousand people showed up at the Ford factory gates the following week, sleeping outside in a January blizzard. Fire hoses came out to push the crowds back. Ford had to announce that only people who had lived in Detroit for six months would be hired.
Two years later, Ford's profits had doubled. Before the raise, he had been losing nearly four workers a year for every single job on his factory floor. After, he was losing barely any. Output per worker rose 40 to 70 percent. In 1914 alone, Ford sold 308,000 Model Ts, more cars than every other carmaker put together.
A Model T in 1908 cost the average American 18 months of pay. By 1925, it cost 4 months. The car got faster to build too: twelve hours per car dropped to 93 minutes. By 1918, half the cars on American roads were Model Ts. Fifteen million rolled off the line over 19 years.
Then in 1926, Ford did it again. On May 1st, he gave his workers a five-day, 40-hour week, with no cut in pay. Other manufacturers were forced to match, and the two-day American weekend spread across the country. Twelve years later, federal law made it official.
Henry Ford was generous with his own money too. He gave away about a third of his income every year, well above the 5 percent that rich Americans typically gave back then. He also put about $14 million into building the Henry Ford Hospital in Detroit, which is still one of the city's largest today. The Ford Foundation, set up in 1936, was originally a way to avoid taxes and keep his family in control of the company.
The foundation got huge later, but only because Ford Motor Company stock kept rising. Even his charity money came from the business.
Ford's personal giving helped a few thousand patients at his hospital. The $5 day, the cheap Model T, and the weekend reached hundreds of millions of working families over the next hundred years. Almost everything that became normal "middle class life" in America, a steady paycheck, the weekend off, a car in the driveway, came from choices Ford made to win in business.
Bezos has a point. Ford's wages, his car, and his weekend did more for the average American family than every check Ford himself wrote to charity.
@gurjota Groww is spending 500 cr on ads and Zerodha think they are some apple of the broking buisness in India , posting threads on x doesn’t get you customers and Zerodha can spend tons and get the growth