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BREAKING: Trump has called off US airstrikes on Yemen's Houthis, reversing himself in a last minute decision after already deciding to carry them out on Sunday, with commanders having approved target lists and troops loading bombs onto US warplanes as the large-scale operation was just about to begin, per NYT.
Trump told advisers on Wednesday he did not favor strikes, ordered the Pentagon to prepare them after MBS urgently called him again on Thursday, then pulled back on Sunday, with most of his inner circle opposed to opening another front given the strain the Iran war has put on the US military. It is the third time MBS has asked Trump to strike the Houthis this month.
Just two days ago Yemen's Houthis struck Riyadh's main airport, they now hold Bab el-Mandeb and Yemen's entire Red Sea coast, and the East-West oil pipeline, Saudi Arabia's only export route around Hormuz, is shut after being hit.
The US has already used more than half its most advanced Patriot interceptors and a third of its Tomahawks in the Iran war. A campaign in Yemen would draw on the same stocks while inviting retaliation on the Saudi energy infrastructure the Houthis are already hitting, and from Iran, which has threatened every US interest in the region. Saudi Arabia is facing the Houthis without the US.
@mates_cheers A few reasons
-The Fed hike was all within expectation: two rate hikes in 2026; no hike in 2027
-Warsh is done until December
-VIX expiration today
-Midterm election in 6 weeks
-Xi visits the US next week so there is Iran peace plan hope.
-๐ฌbought calls
Gold ainโt sleeping. Itโs waiting for the right moment to make a big move. It could be when Bitcoin starts ripping or it could be next bond auction goes so poorly that 10 year yield ripping past 5%. Wonโt be long.
Winners make 90% of their gains in 10% of the time. The impatient lose 90% of their money fooling around the other 90%. Wait for your moment to strike!!
Winners make 90% of their gains in 10% of the time. The impatient lose 90% of their money fooling around the other 90%. Wait for your moment to strike!!