[Mtl JP]

CNN now writing in past tense …

Rtx Corp $100.10 at fridays close

[GVI Forex]

BTC DAILY CHART – Down despite geopolitical risks

I am not sure what to say about something that can move (down) over 7% on a Saturday.

I won’t suggest anything from a technical point of view other than to show the key levels on this chart.

[Mtl JP]

Iran launches dozens of drones toward Israel, Israeli official says
By Chris Lau, Sophie Tanno and Tori B. Powell, CNN

Updated 4:30 PM ET, Sat April 13, 2024

[GVI Forex]

Geopolitics News

Iran has seized a container ship near the Strait of Hormuz with 25 crew members on board. According to Iranian state media, the vessel is managed by a company linked to an Israeli businessman

[SF Monedge]

Jp thank you.  Don’t recall if I posted this Thursday night from my colleagues: …  “the Gold Option Profile has inverted to sell side for the first time since the Feb 14 low; selling June Gold futures above 2400 to test the market.”

[Mtl JP]

pssst young peasant …
–
Biden Wipes Out Another $7.4 Billion in Student Loan Debt
President Biden is hoping to shore up support with young voters who are disproportionately affected by soaring education costs.

who ya gonna vote for eh ?

[Mtl JP]

lets see …
–
EXCLUSIVE MIDDLE EAST WSJ
Iranian Attack Expected on Israel in Next Two Days
Israel is preparing for an imminent direct attack from Iran; Tehran yet to decide, says person briefed on the matter
By Dov Lieber, Benoit Faucon and Warren P. Strobel — April 11, 2024 7:47 pm

relaying an anonymous US official

[Mtl JP]

lets see …
–
Ukraine war: UK and US metal ban, China sells military parts to Moscow, Russian influence network

especially how the ban on russian metals will work out:
“The new prohibitions will “continue to target the revenue Russia can earn” to fund its military operation in Ukraine – according to US Treasury Secretary Janet Yellen’s press release

[Mtl JP]

GVI 08:17 / the week-end is still young.
Did you bag the $100 bux on short Gold ?
–
curtesy cnn this sat 13th morning:
– Revolutionary Guards seized the vessel near the Strait of Hormuz, state media reported
– US expects Iran to carry out direct attack on Israel, sources say, as Biden warns ‘don’t’
– What an Iranian attack on Israel would mean for the US, according to retired general (hahaha)

[GVI Forex]

xAUUSD 4 HIUR CHART – NEW HIGH BUT THEN….

This is the second Friday that gold traders have seen a bloodbath, the last time trying to pick a top and this time sseeing a 4% drop after setting another record high.

The price action is not fatal to this relentless bull run, dependent on 2318 holding as support to keep the retreat from turning into a full-scale retracement.

What has changed is that moves up in XAUUSD will nort run into stops unless a new high is made.

[GVI Forex]

Newsquawk Week Ahead 15-19th April: Previewing US and UK retail sales, UK, NZ, Canada and Japan inflation, China activity data and PBoC MLF

Newsquawk Week Ahead 15-19th April: Full previews and detailed analysis

[Mtl JP]

off cnbc f/page
–
all sorts of summary headlines about FED and inflation and cuts and israel/iran and crude and so on

BUT

I like this one best
“IRS’ criminal investigation chief says agency prepared for crypto tax crimes: CNBC Crypto World”
IF true

his name for future reference: Guy Ficco, criminal investigation chief at the Internal Revenue Service

[GVI Forex]

I was chatting with JP earlier who said gold could fall 30-50 bucks. Well, he was wrong. It fell almost $100 from its high.

No matket was immune from
liquidations today (BTC -4.5%)

[Mtl JP]

for the just for laughs festival
–
Ex-Fed chair Ben Bernanke finds ‘significant shortcomings’ in Bank of England’s economic forecasting
LONDON (AP) — A review of the Bank of England’s economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions.

Following widespread criticism about the Bank of England’s forecasts, Bernanke was tasked last year to review the forecasting models.

Though noting that all central banks have had problems over the past few years as a result of a series of economic shocks, notably the coronavirus pandemic and the cost-of-living crisis heightened by Russia’s invasion of Ukraine, Bernanke said the Bank of England’s issues were made worse by out-of-date software that had not been properly maintained.

The review said that “insufficient resources have been devoted to ensuring that the software and models underlying the forecast are adequately maintained.” … blablabla

[Mtl JP]

ON THE OTHER hand … what if stocks are puking on
–
“Betting markets see Biden’s re-election as likelier than a Trump win for first time in 6 months” – MarketWatch

[Mtl JP]

but DLRx is only at 105.70
go figure

[Mtl JP]

msm claims it’ s on “fears” of Iran/Israel

[GVI Forex]

Stocks getting hit.

[SF Monedge]

I will play it over and over lol.  Just when you think you know everything there is something to learn.

[Swiss Frank]

Glad you liked it SF. These guys sometimes get a little deep into the geo political but this particular episode I thought they did a really good job of transitioning from the geopolitical to the macro case to cash flow….

[Author]

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