Jesse's Cafe

"The defense of human life is neither a partisan issue nor a confessional interest: it is a goal of civilization." Leo XIV, June 2026

[Garland Nixon @TheGarlandNixon]

BREAKING NEWS: White House insiders leak that President Trump will wait until the markets close on Monday evening before announcing that the Iran deal has once again collapsed.

[Jesse's Cafe @JessesCafe]

"The draft also requires the US to pressure Israel to completely end the war in Lebanon, release $24 billion of frozen funds, pay Iran $300 billion for war reparations, lift the US naval blockade, release all sanctions, and accept Iranian control over the Strait of Hormuz."

[The Hormuz Letter @HormuzLetter]

BREAKING: Iran now also rejects Trump's claim that "we have a deal in which Iran won't have nuclear weapon," saying the current draft keeps the nuclear program completely untouched with no new commitments regarding not building a nuclear bomb, enrichment or uranium handover to the US, per IRNA.

The draft also requires the US to pressure Israel to completely end the war in Lebanon, release $24 billion of frozen funds, pay Iran $300 billion as an "investment fund" for war reparations, lift the US naval blockade, release all sanctions, and accept Iranian control over the Strait of Hormuz. These are Iran's conditions for the US to accept, only then will Iran sign the agreement.

[Graham Platner for Senate @grahamformaine]

Being called a thug and the worst person ever to run for office by Donald Trump might be the highest compliment I have ever received.

[Peter Cronau @PeterCronau]

Canberra is running a genoside protection racket.

“Juliet Lamont came home from being raped and tortured by a foreign military..

“And her own country ransacked her luggage, seized her phone and laptop, and told her she was under arrest unless she surrendered her passcodes.

“Her government did not protect her. Her government investigated her.”

‘Israeli soldiers raped her. Australian customs threatened her’
https://t.co/Ha8BKZ4Sk8 via @MichaelWestBiz

[Citizens for Ethics @CREWcrew]

NEW: The DOJ’s Civil Division says it has no records of communication related to Trump v. IRS or the settlement negotiations.

For a deal of this magnitude, the absence of records is yet another striking sign of the irregular process that produced an enormously corrupt result.

[The Hormuz Letter @HormuzLetter]

This is completely false. All reports claiming a deal has been reached, including Trump's claims yesterday are market manipulation ahead of today’s SpaceX IPO. Iran has explicitly rejected that any deal has been finalized.

[Citizens for Ethics @CREWcrew]

Trump's UFC spectacle on the White House South Lawn is taking 7 agencies and $60 million to put on—meanwhile the Trump family stands to profit as they sell coins commemorating the fight. More blatant corruption.
https://t.co/YacVRCCkwU

[The Hormuz Letter @HormuzLetter]

BREAKING: Iran rejects Trump’s plan of a weekend deal-signing ceremony with Vance, saying any plan about signing in Geneva, Switzerland or a face-to-face meeting is nothing but a “mistaken understanding of US proposals and wishes,” due to the absence of a final deal, per Fars.

[Kyle Griffin @kylegriffin1]

BREAKING MS NOW:

FBI agents on Thursday raided the Cleveland offices of the Ohio Organizing Collaborative — a pro-democracy organization that helps register voters in that state, according to three people briefed on the search.
https://t.co/PpSe4tNPzo

[Discourse News @Discourse__News]

🚨 BREAKING: TPUSA leadership admits using AI to create the video they circulated of Charlie Kirk saying he wants Erika Kirk to replace him if he dies.

[Epstein File Search @epsteinsearchin]

Todd Blanche was CC'd on Epstein case correspondence (EFTA00092801) when he was a defense attorney.

He is now the Deputy Attorney General overseeing the release of those same files.

[Nick Cleveland-Stout @nick_clevelands]

The Pentagon is trying to make it easier for departing DoD officials to work for Raytheon and Lockheed Martin by getting rid of a two year “cooling off” period for consulting defense contractors.

80% of retired four-
star generals work in the arms industry, is that not enough?

[Mike Levin @MikeLevin]

Some thoughts on the new Epstein Files revelations:

I’ve now read everything that’s come out from the new Haberman and Swan book, and the thing I keep coming back to is the Situation Room. They held multiple meetings in the Situation Room about the Epstein files. That room is for war. It’s for national security emergencies. It is not for figuring out how to spin a scandal you’re telling the country is a hoax.

While the President was deflecting or calling this old news, his own Vice President and Chief of Staff were huddled in the most leak-proof room in America because they knew how bad it really was.

You don’t take a nothingburger to the Situation Room.

And I have to be honest, reading all this brings back a lot of frustration about what happened in the House of Representatives. I sat there and watched Mike Johnson send the House home early to dodge a vote on releasing these files. I watched him refuse to swear in a duly elected colleague for months just to stall the discharge petition. Month after month of excuses, arm twisting, and procedural games, all to keep this information from the public. We only got the files because survivors, families, and a handful of members in both parties simply refused to let it go.

So when people ask me why I talk so much about transparency and accountability, this is why. The truth eventually comes out. It always does.

The only question is whether your leaders helped reveal it or helped bury it.

Everyone who voted to keep these files hidden should have to answer for that.

Finally, notice what’s missing from all of this is any sign that Trump’s DOJ will actually investigate the powerful men named in these files.

Draw your own conclusions about why a Justice Department run by the President’s former defense lawyers might not be eager to pull that thread.

[Ramsatu @montee51]

Why would Todd Blanche (in private law practice at the time) be copied in on confidential Epstein emails right after Epstein arrested in 2019? Now we know why Trump hired him as private attorney.

[Jesse's Cafe @JessesCafe]

Ordinary people cannot imagine how people in power would dare lie and cheat in ways that they would never even consider. It would be too shameful before God, too dishonorable. And so this is how they get away with it. They stand before all, shameless, as creatures of darkness.

[Daniel Davis Deep Dive @DanielLDavis1]

This does not, in any way, comport to what President Trump announced earlier today. Either President Trump is lying, or the senior advisor for Iran is lying, but they cannot both be talking about the same deal. It is physically impossible.

I think you know where I’m putting my money onto which one is closer to the truth…

[David Sirota @davidsirota]

this is oligarchy — pass it on

[Godfroy @g0dfr0y]

TRUMP IS LITERALLY TURNING THE DNI INTO THE EPSTEIN POLICE FORCE:

In a move that almost nobody saw coming, Trump is pushing Epstein Island confidant Jay Clayton to be the new head of the DNI.

Jay Clayton was a key partner of Leon Black's Apollo Global Management, which is nothing more than a Mossad front company. Leon Black is intimately tied to Epstein and plastered all over the files.

Jay Clayton was then appointed to head the RIGGED SDNY to help with curating Epstein Documents for the DOJ.

Jay Clayton will be weaponizing the intelligence community against critics of Trump, Epstein and Israel, turning the DNI into the De Facto "Epstein Police Force."

[Haaretz.com @haaretzcom]

Israeli firm BlackCore suspected of meddling in NYC, Scotland elections https://t.co/OHzQVpz34W

[Graham Platner for Senate @grahamformaine]

We’ve received $9.6 million from 265,000 small-dollar donations.

Susan Collins received $9.8 million from 79 billionaires.

[Jesse's Cafe @JessesCafe]

James Cramer slams gold as 'bad money.' Investors are dumping it to buy SpaceX.

[fred hickey @htsfhickey]

Gotta love the headline below: Cramer stating gold is currently "bad money" as it's getting dumped by investors in order to buy the SpaceX IPO. Gold is never bad money - it's the only "real" money that lasts over time. It can be overbought and at risk of a correction, as it was earlier this year. Hulbert out with an article bashing gold (as he typically does near bottoms). Gold-related headlines have changed dramatically from rampant exuberance earlier this year.

I haven't been tweeting much about gold because, as HTS subscribers know, late last year into early this year I had slashed my gold miner positions as far as I could "and still be able to sleep at night." That left me with a lot of cash (in short-term Treasuries) that I plan to put to work - eventually.

With gold down $1,500+ from its top and miners on average 40% lower, it's likely that a lot of the damage has been done. Gold & miner 200-day moving averages were broken - sending all the technicians to the sidelines. Gold's Daily Sentiment Index fell to just 14% bullish yesterday. Gold futures contracts open interest (speculators) has plummeted to levels lower than even at the late-2015 to early 2016 gold bottom (at $1,050). Daily futures contract trading volumes have dried up (to less than 20% of the level at the top). The Gold Miners Bullish Percent Index (BPGDM) has fallen to rock bottom 0% (the 100% reading in January concerned me). CEF trading at a 4.8% discount (high). Gold Relative Strength Index (RSI) down to just 22.6% - lowest since Oct 2023 (great time to buy gold - see chart below). Didn't like that 90% reading earlier this year. None of these indicators guarantee a rally - but they are around levels where rallies can occur.

Though gold still is facing a lot of headwinds (closed Hormuz pressuring international buyers, dollar strength, seasonality etc.) and gold could certainly keep falling, it is greatly oversold in the short-term and may at least experience a rebound.

Long-term, all the bullish catalysts are still in place. China has sped up its gold buying at these lower levels. De-dollarization is a long-term trend. So is dollar debasement. Miner's balance sheets are terrific and generating huge margins and cash flows at these lower levels (P/E ratios are very low).

Warsh's first FOMC presser next week could be a bullish catalyst if he has to defend (sound dovish) not raising rates with his theory the FOMC can look through the rising inflation ("transitory"??) due to productivity increases from an AI boom (likely a false hope). Some governors are pushing for hikes. Getting past tomorrow's SpaceX IPO could be another catalyst.

Already, we're approaching or at negative real rates which is bullish for gold. Doesn't matter if interest rates rise - if inflation is even higher - as it was throughout the 1970s great gold bull market.

Therefore, I've started buying a few of my favorite gold miners gingerly - including this morning.

https://t.co/9oDVrWVfWH