I couldn’t agree more 🥹
Elon Musk: “My last words would be: I would encourage everyone to be optimistic and excited about the future. For quality of life, it’s better to err on the side of being an optimist and wrong rather than a pessimist and right.”
🚨Indian Gold & Silver Futures Are Suddenly Diverging From Global Spot Prices
⚠️Gold & silver are PLUNGING on India's MCX exchange on rumors that India is preparing to cut the 15% import duty enacted in May down to 6%.
The MCX's silver inventory has reached critically low inventory levels, necessitating the removal of import restrictions in order to prevent the chaos of an exchange default.
This has HUGELY BULLISH implications for the global silver market in particular- despite the bearish looking MCX gold & silver charts.
⚡️A reduction in Indian import duties of gold & silver will IMMEDIATELY reawaken a sleeping DRAGON OF SILVER DEMAND.
The pent-up Indian silver demand combined with the seasonality of holiday buying could send SHOCKWAVES through the global silver markets, which saw 1-month silver lease rates jump positive this week simply on an increase of western ETF demand.
It is not hard to envision a quick return to shortages in the global silver market if Indian demand returns with a vengeance...
BREAKING:
Sweden is sending military units to Finland after a request from the Finnish government to help guard the border with Russia.
The units will be joined by Swedish JAS 39 Gripen fighter jets which will help to protect Finnish airspace 🇸🇪🇫🇮
Traders selling gold today still don't understand what's happening. Rising bond yields won't compete with gold, they'll drive more money into gold. As inflation causes bonds to lose value, investors seeking to avoid losses will sell and buy gold as an alternative store of value.
🇨🇳 China just launched a shipping route that skips the Suez Canal and the Strait of Hormuz entirely.
A Chinese container line, started its regular "Ice Silk Road" service through Russia's Northern Sea Route this week, running almost the whole way along the Arctic coastline.
The first vessel, Dubai Tower, carries 1,740 TEU, tiny next to a modern mainline containership running 20,000-plus TEU.
The crossing takes about 20 days, versus roughly 40 days via Suez, half the transit time on paper.
Rosatom, Russia's state nuclear company, issues the Arctic navigation permits and supplies the nuclear-powered icebreakers that keep the route open in ice season.
Rosatom is already calling this the next step toward regular seasonal Arctic shipping, not a one off...
Strategically this matters more than the ship size suggests.
It's a Europe-Asia corridor that sidesteps Suez, Hormuz, and the Red Sea, all the chokepoints this account has covered all week, and gives China a shipping lane that doesn't run through anyone else's waterway.
One small ship doesn't reroute global trade but pair this with everything else running this week, the Yanbu to Sidi Kerir reroutes, Oman's Duqm bypass hub, and now a functioning Arctic corridor, and the pattern is the same everywhere...everyone's building a way around the chokepoints that used to be unavoidable.
Oil prices are rising as Iran adopts a more offensive stance and the US rules out extending its Memorandum of Understanding, with Brent crude reaching $91.14 a barrel and US WTI crude trading at $85.04.
🔴 LIVE updates: https://t.co/dn8V40RfvU
Diesel crack hits record $102. This is absolutely unprecedented.
Industrial economy either grinds to a halt or consumers about to be hit with the biggest energy pass through in history
BREAKING 🚨: China
People's Bank of China just injected 348 billion yuan ($52 Billion) into their banking system through overnight reverse repos, their first mid-month injection in history 🤯 👀 Dear God!
The July federal deficit was $432 billion, the largest July deficit on record, up 18% from July 2025. The fiscal-year deficit is already $1.8 trillion with two months remaining (the national debt rose by $2.13 trillion over those ten months), exceeding the entire FY2025 deficit.
IRAN DENIES CEASEFIRE EXTENSION TALKS
Iran says there have been no talks to extend a 60-day ceasefire with the U.S., rejecting reports that an agreement had been reached.
A senior Iranian source told Reuters that discussions via mediators instead focus on Washington returning to the interim pact and setting a timeline for its commitments.
Iran says no progress has been made, accusing the U.S. of violating the agreement shortly after it was signed.
The Strait of Hormuz remains a key sticking point.
@PeterSchiff Gold and silver can benefit from fear and inflation, but that doesn’t make every price spike a signal to “load up.” If inflation cools, real yields rise, or geopolitical risk fades, precious metals can reverse just as quickly.
Gold and silver are rallying as stocks, bonds, and Bitcoin are selling off. Get used to it. Gold and silver are already up $40 and $2 respectively following last week's huge gains. War and inflation are bullish for precious metals. Load up now while you can still afford to buy.
Gold and silver rallied today, along with oil's 5% rise. Metals are breaking free of the recently developed negative correlation with oil. Gold and oil should rise together, as inflation pushes the CPI and bond yields higher, while the U.S. economy weakens as more jobs disappear.