Positions as of Tuesday, June 10, 2025
Gold faces considerable downside risk with the US dollar extremely oversold and likely to bounce. Silver’s breakout won’t survive a larger gold pullback or correction.
When investors buy gold, they aren’t hoping it’ll go up, instead they are acknowledging that something else is going down. So gold moves. Quietly and steadily. Like a compass needle returning to true north.
Truth be told, the United States has reneged on its financial obligations, and its defaults always reveal its paper currency and broken promises aren’t as sound and trustworthy as silver and gold.
The institutions that built the fiat system are quietly hedging against it. The West refuses to follow. Gold is having a very good year, even in a world where inflation is falling and diplomacy is supposedly improving.
The wrong people have control of all the data and all the power. They’re not good people, and they won’t use all this data, money, and power in benevolent ways.
The US appeared to move to a war footing with Iran today, causing oil to surge with inflationary pressure.
Crossing a "point of no return," Israel has launched a full attack on Iran's nuclear and military facilities, pledging there will be no nuclear possibilities left when it is done.
