Gold drops below $4,000 for first time since November
Precious metals plummeted on Wednesday, with spot gold falling below $4,000 per ounce for the first time since November 2025 as investors assessed market expectations for interest rates and the US dollar. The gold spot price declined 2.72% to trade at $3,998.99 per ounce at 2:57 pm CET. Silver dropped 4.70%, changing hands at $58.68 per ounce at the same time. Meanwhile, platinum also traded with losses, down 3.91% at $1,600.30 per ounce at 2:57 pm CET, while palladium slipped 3.53% to $1,174.98 per ounce.
NN: I guess they did not get the memo. Gold is the barbaric relic of the past. Its on its way to $1500 and silver to $10 and gold and Bitcoin hucksters jail
Oil down WTI goes below $70 as supply fears ease
Crude oil prices continued to fall on Wednesday as investors’ supply concerns eased after the shipping through the Strait of Hormuz was restored. Oman announced that it had established a temporary corridor through the maritime route in coordination with the UN’s International Maritime Organization (IMO), to ensure toll-free navigation. Meanwhile, United States President Donald Trump said that Iran told the US that it is not seeking to charge tolls for the passage through the strait, but also warned that negotiations with Tehran would end “if this is false information.”
WTI for August deliveries plunged 3.82%, going for $69.92 per barrel at 9:35 am ET. A minute later, Brent for the same month’s settlements dropped 4.10%, selling at $73.72 a barrel.
TotalEnergies: Hormuz bypass an ‘absolute priority’
TotalEnergies Chief Executive Officer Patrick Pouyanne said on Tuesday that building pipelines that bypass the Strait of Hormuz should be an “absolute priority.” “The reality is that the Strait of Hormuz represents a genuine threat,” Pouyanne said during an energy conference in Paris. “To ensure it doesn’t remain a threat, there is only one solution: we must invest in pipelines to bypass the strait; that is an absolute priority,” he stressed. Pouyanne pointed to alternative export routes through Abu Dhabi, Iraq, Syria, and Turkey. He added that TotalEnergies helped build an Iraq-Syria pipeline nearly a century ago, saying: “If our predecessors did it 100 years ago, I believe we should be capable of doing it again today.” Earlier this month, Adnoc Executive Vice-President for Trading Philippe Khoury said the company was considering new fuel export pipelines that would allow Gulf producers to bypass the Strait of Hormuz.
NN: Pipelines are the solution to Iranian control of the Straights
Majority of US bases wiped out in Gulf
At least 16 American military sites have been damaged in Iranian strikes, making up the majority of US positions in the Middle East. The damage includes high-value targets, raising questions about America’s footprint in the region.
NN: Without boots on the ground Trump decided to turn tail and run
Qatar: Restoring Hormuz traffic will take time….. THE ONE THING OIL IMPORTERS FROM THE GULF DON’T HAVE…..
Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani said that the full reopening of the Strait of Hormuz and the restoration of traffic in the waterway will take time and effort. In an interview with the Financial Times published on Wednesday, the prime minister stressed that Qatar will oppose any Iranian plans to impose transit fees for passage through the Strait of Hormuz. “This is against this international protocol. For a country like Qatar, it’s our only water corridor,” he noted. Furthermore, the official insisted that establishing a hotline between the United States and Iran is a condition to prevent any a condition to keep any malicious actor from blocking the critical maritime route.
NN: I have one word for the Gulf oil states
PIPELINE!
Pezeshkian: Iran’s missiles not in US deal, will never be
Iranian President Masoud Pezeshkian revealed on Tuesday that Iran’s missiles are not in the memorandum of understanding signed with the United States. He further stressed that they will never be added there. Speaking from Islamabad, Pezeshkian insisted that Tehran will “never negotiate its defensive ability with anyone.” He mentioned that without missiles, “our country would have been destroyed.” “We do not trust the United States because it attacked us twice during the negotiations. Despite this, we remain ready for dialogue and peace,” the Iranian president remarked.
NN: Still surrendering. Iran’s has the largest missal arsenal in the world. Including long range hypersonic virtually unstoppable ones. And they can hit all of Europe. And they get to keep them with a 100 billion in cash to make more. Does this make any sense?
BREAKING: Iran Claims VICTORY; U.S Deal Ties Israel; 60-Day War Clock Starts
Iran: No plan to let IAEA visit nuclear sites hit in war
Iranian Foreign Ministry spokesperson Esmail Baghaei said on Tuesday that the country’s authorities have no plan to allow the International Atomic Energy Agency (IAEA) inspectors to visit nuclear plants that were targeted during the war against the United States and Israel.
The day before, US Vice President JD Vance stated that Iran agreed to invite IAEA inspectors back to the country, describing the move as “a major milestone for the American people and the first step in permanently denuclearizing” Iran.
Baghaei further warned the US against “arrogant rhetoric,” stressing that the memorandum of understanding reached between Washington and Tehran must be based on “mutual respect and reality.” “If power is not proven in war, it will not be proven through exaggeration after agreement either … any self-congratulatory narrative constructed to compensate for past failures will, above all, destroy that very process of agreement. Then, defeat and failure extend beyond the battlefield and seep into the negotiating table as well,” the spokesperson said at a press conference.
NN: In Trumps desperate attempt to avoid for now a depression caused by$250 oil has given away the farm. He had 2 choices. Force open the straights with American Military might including boots on the ground inversion of Iran’s cost line bordering the straights ending the problem once and for all
or
Kiss Irans ass giving them everything in endless negotiations and hope for gasoline under under $3.00 a gallon before critical mid term elections.
He took the easy way out ensuring Iran will start WWIII
Kim: Nuclear buildup only way for N. Korea
North Korean leader Kim Jong-un declared at a Central Military Commission meeting that enhancing nuclear capabilities is Pyongyang’s only path for the future, according to North Korea’s ruling party newspaper Rodong Sinmun. Kim emphasized that “continuously expanding and strengthening nuclear forces … and thoroughly exercising the status of a nuclear state is the most accurate and only way” to respond to global instability. He also condemned the United States’ and South Korea’s military activities, accusing them of escalating “nuclear threats,” while North Korea accelerates weapons programs and reveals new facilities.
NN: Another wack job the sleeping leaders of the world let get nukes. N.Koreaa is using the Iran model. Endless negotiations to buy time to . When you get a handful of nukes tell the world to fuck off. Only difference Iran will use the nukes! They only need to hit two targets Tel Vive and New York. Interesting both fag woke capitals, Tell me which one is Sodom and Gamora. I guess GOD is a homophobe. Their goes the gay vote. My contribution for gay pride month:
Sodom and Gomora Genesis 19:5-7
New International Version
5 They called to Lot, “Where are the men who came to you tonight? Bring them out to us so that we can have sex with them.”
6 Lot went outside to meet them and shut the door behind him 7 and said, “No, my friends. Don’t do this wicked thing.
This Happened right before GOD destroyed Sodom and Gamora. And till this day its still called Sodomy It was a crime in most societies until the “gay rights” movement.
Sodomy laws are defined by many courts and jurisdictions to include any or all forms of sexual acts that are illegal, illicit, unlawful, unnatural, or immoral. Sodomy typically includes anal sex, and bestiality. In practice, sodomy laws have rarely been enforced to target against sexual activities between individuals of the opposite sex, and have mostly been used to target against sexual activities between individuals of the same sex.