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Gold Prices Soar on Strong Demand From Hedge Fund Idiots…..Gold jumps 3%, hits new all-time high of $3,328

  • The price of gold has hit new all-time highs, driven by strong demand from central banks, hedge funds, and ETFs.
  • Silver is also seeing increased interest from investors, with a surge in managed money longs.
  • Goldman Sachs remains bullish on gold, citing continued central bank buying, Fed rate cuts, and geopolitical risks.
Gold

Which brings us to this weekend, and yet another remarkable observation: while gold did correlate very closely with ETF holdings in the years prior to the Ukraine war (regime 1), since then gold has completely lost all correlation with ETF holdings, and instead has been correlating tightly with another data series: Managed Money (i.e., hedge fund) net futures (regime 2).

Gold

Chinese central bank – buying is the biggest driver behind gold’s doomed rally. Many central banks keep their purchases hidden from the public and disclose only what they want to disclose, especially in the case of the PBOC, here hedge funds – perhaps due to their ability to collect and trade on “non-public” central bank information – have become the barometer and real-time indicator of central bank purchasing. As such, spot gold prices are now directly correlating with net gold managed futures (Bloomberg ticker CFCDUMMN), as can be seen on the chart above.

ETF flows into gold are now turning positive, and when combined with continued central bank buying, combined with record Indian gold imports, combined with unprecedented demand for physical in the US, no wonder that gold is hitting new all time highs day after day. The suckers are in the market in mass

EVERYONE AND THEIR DOG IS BUYING gold1

Gold prices traded at fresh all-time highs closing AT A ALL TIME HIGH  $3360/oz. Greed has taken over the gold fever stampede. The rally in gold seems unstoppable at this point and resets on the all-time-high are becoming a frequent occurrence as is the norm at insane rally tops.

As Goldman’s ETF desk wrote in its weekly rundown report  “the desk has been fielding increased demand for spot gold exposure via ETFs like GLD, GLDM, and IAU, and gold miners exposure via GDX” and as a result, the Goldman desk has acted as a better buyer across the gold complex.
Gold jumps 3%, hits new all-time high of $3,328

The price of gold continued to go upward on Wednesday, reaching a new record high of $3,328 per ounce as trade tensions pushed investors towards the safe-haven asset. The United States earlier announced that tariffs on Chinese products could reach 245% due to its retaliatory measures. Meanwhile, China slammed Washington’s comments, stressing that Beijing imposed countermeasures to protect its “legitimate rights and interests.” Gold surged 3.06% at 12:03 pm ET, going for $3,328.45 per ounce. At the same time, silver climbed by 1.87% to $32.92 per ounce. Platinum gained 0.85% to go for $970.07 per ounce, and palladium advanced by 0.19%, selling at $960.74 per ounce.

ITS TIME TO SELL THE SHIT OT OF GOLD!!

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IEA Weekly Petroleum Data

Summary of Weekly Petroleum Data for the week ending April 11, 2025

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 442.9 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year.  U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending April 11, 2025, which was 64 thousand barrels per day less than the previous week’s average. Refineries operated at 86.3% of their operable capacity last week. Gasoline production increased
last week, averaging 9.4 million barrels per day. Distillate fuel production increased last week, averaging 4.7 million barrels per day. U.S. crude oil imports averaged 6.0 million barrels per day last week, decreased by 189 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.2 million barrels per day, 5.2% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 531 thousand barrels per day, and distillate fuel imports averaged 102 thousand barrels per day. Total motor gasoline
inventories decreased by 2.0 million barrels from last week and are about 1% below the five year average for this time of year. Finished gasoline inventories increased and blending components inventories decreased last week. Distillate fuel inventories decreased by 1.9 million barrels last week and are about 11% below the five year average for this time of year. Propane/propylene inventories decreased by 1.3 million barrels from last week and are 9% below the five year
average for this time of year. Total commercial petroleum inventories decreased by 2.1 million barrels last week.
Total products supplied over the last four-week period averaged 19.5 million barrels a day, down by 1.7% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.5 million barrels a day, down by 3.4% from the same period last year. Distillate fuel product supplied averaged 3.8 million barrels a day over the past four weeks, up by 7.1% from the same period last year. Jet fuel product supplied was up 9.1% compared with
the same four-week period last year

NN: Refineries are still in spring maintaince mode. Soon they will crank back up and start consuming all that $55.00 oil they bought at bargain basement prices from those Algo fagots and candle stick hedge fund assholes. Who are Ivey league pompous pricks, broke and do not want their investors to know it. They are praying for a miracle or an attack on Iranian oil to blame their loses on

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Harvard faces possible loss of tax-exempt status in IRS review….. Trump promises education overhaul, cites China’s success

The Internal Revenue Service (IRS) is preparing to rescind Harvard University’s tax-exempt status, CNN reported, citing sources familiar with the matter. A final decision is expected soon as the Trump administration increases pressure on the Ivy League school for resisting its demands on a change in policies. Education Secretary Linda McMahon reportedly also said the issue was “certainly worth looking into” and suggested the IRS might examine other universities as well. The administration already blocked over $2 billion in funding to Harvard.

NN: Harvard and Yale and the liberal Ivy League colleges of America are the liberal bastion of stupidness. They are spending billions of dollars debating if a girls is a  girl or a boy is a boy.  The high court of England announce yesterday after 24 witnesses and two years of deliberation that if you’re born with a penis you’re a boy and if you’re born vagina your a girl. It’s a foregone conclusion the fact that we’re debating this absurdity is a insult to intelligent  people. Men in women’s sports is destroying sports. You get male athletes who are losers and low ranking nothings in their sports as males. And they become a “girl”   and compete in girls sports. A they become instant  champions. And our Ivey league liberal lefty fagots somehow justify this stupidness, It is obvious that men are physically stronger than women. I didn’t do it. I did not make men stronger than women. Sorry their is not equality in strength among the sexes’.  REALITY is that’s how the world works. The best thing you can do is get these liberal universities and close them down and get these fine young  minds and save them from being destroyed by liberal  nothingness. 

Trump promises education overhaul, cites China’s success

United States President Donald Trump held an Easter prayer service and dinner, where he delivered remarks criticizing the US education system and praising other countries’ academic rankings. The United States spends more money per student than any country but continues to rank low. “It’s Denmark and Norway, Sweden — even China does very well — in the top 10,” Trump said. He argued that the country’s large size is no excuse, noting China’s success despite its population. Trump also promised to shift control of education to individual states. He said this move would end “radical indoctrination” in schools and improve education quality. Trump said he believes that state-led management would “make a tremendous difference” in student performance nationwide

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Oil rallyback continues as US imposes new Iran sanctions

Oil prices climbed 1% on Thursday due to worries about supply constraints following additional US sanctions against Iran. US President Donald Trump’s administration announced new penalties Wednesday targeting Iranian oil exports, including sanctions on a Chinese independent refinery, escalating pressure during nuclear negotiations.

West Texas Intermediate (WTI) for May’s settlements at 3:00 am ET trading at $62.91 per barrel. Brent for June delivery was trading at  $66.25 per barrel.

I would like to remind you in the June 9th algo fagots, candle stick asshole bumbs rush. May WTI  TEMPORARLY plunged to $55.00 only to soar minuets later $62.70. Same story in July Brent. Which crashed to $57.90 only to reverse on a dime to soar that day to $65.50.

Now we are $8:00 off that low. So much for the bullshit fake news about demand falling and production soaring…. Its just not true….

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Iran Says Ability to Enrich Uranium Is Not Up for Negotiation…… Yes it is wide open to bunker buster bombs

Iran said it won’t be drawn into negotiations over its ability to enrich uranium in nuclear talks with the US, a sign that the tentative diplomatic push to resolve their standoff over Tehran’s atomic work may have already hit a major snag. Iranian Foreign Minister Abbas Araghchi said that he’d heard contradictory positions from his US counterpart in the talks, Steve Witkoff, since their first meeting in Oman last Saturday which he’d initially described as positive and constructive.

Witkoff clarified his position in a social media post and said that “a deal with Iran will only be completed if it is a Trump deal.” Witkoff said that means:

Iran “must stop and eliminate its nuclear enrichment and weaponization program.”

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DOA- Hamas and Hezbollah and Iran’s day are numbered

The United States greenlights a massive munitions shipment to bolster the IDF’s operations against Hamas; Iranian dissidents speak out against renewed U.S. nuclear negotiations with the Islamic Republic; and Hamas rejects a proposed deal that would have secured the release of Israeli hostages and led to the group’s disarmament.

 

ERUSALEM (AP) — Israel’s defense minister said Wednesday that troops will remain in so-called security zones in the Gaza Strip, Lebanon and Syria indefinitely, remarks that could further complicate talks with Hamas over a ceasefire and hostage release. Israeli forces have taken over more than half of Gaza in a renewed campaign to pressure Hamas to release hostages after Israel ended their ceasefire last month. Israel has also refused to withdraw from some areas in Lebanon following a ceasefire with the Hezbollah militant group last year, and it seized a buffer zone in southern Syria after rebels overthrew President Bashar Assad in December.

“Unlike in the past, the (Israeli military) is not evacuating areas that have been cleared and seized,” Defense Minister Israel Katz said in a statement. The military “will remain in the security zones as a buffer between the enemy and (Israeli) communities in any temporary or permanent situation in Gaza — as in Lebanon and Syria.”

The Palestinians and both neighboring countries view the presence of Israeli troops as military occupation in violation of international law. Hamas has said it will not release dozens of remaining hostages without a complete Israeli withdrawal from Gaza and a lasting ceasefire.

“There is one solution that is desirable and feasible, and that is the release of all the hostages at once as part of an agreement, even at the cost of ending the war,” it said. Israel says it must maintain control of what it refers to as security zones to prevent a repeat of Hamas’ Oct. 7, 2023 attack, in which thousands of militants stormed into southern Israel from Gaza, killing some 1,200 people, mostly civilians, and abducting 251.

Israel’s bombardment and ground operations have left vast areas of the territory uninhabitable and have displaced around 90% of the population of roughly 2 million Palestinians. Many have been displaced multiple times, and hundreds of thousands are crammed into squalid tent camps with dwindling food after Israel sealed off the territory from all imports more than a month ago.

Israeli Prime Minister Benjamin Netanyahu has vowed to annihilate Hamas and return the 59 hostages still in Gaza — 24 of whom are believed to be alive. He has said that Israel will then implement U.S. President Donald Trump’s proposal for the resettlement of much of Gaza’s population in other countries through what Netanyahu refers to as “voluntary emigration.”

The Trump administration  has since expressed full support for Israel’s decision to end it and to cut off all humanitarian aid. Trump’s Mideast envoy, Steve Witkoff, has been trying to broker a new ceasefire agreement more favorable to Israel but those efforts appear to have made little progress.

Netanyahu helms the most nationalist and religious government in Israel’s history, and his coalition partners have called for the reestablishment of Jewish settlements in Gaza.

 

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Iran: Uranium enrichment principle not negotiable

  • High-level negotiations between U.S. and Iranian officials in Muscat focused on a new nuclear deal.
  • The deal includes several new provisions, such as indefinite weapons inspections in Iran and access to financial records of companies linked to the IRGC.
  • Iran is pushing for more sanctions relief and guarantees regarding Israel’s military presence in the region.

Washington’s core aim is to stop Iran from building nuclear weapons and to prevent Israel from launching a massive attack on the country which could ignite a war across the Middle East. On the other side were the Iranian negotiators whose presence attested to the depth of their country’s economic malaise, leaving the government facing increased public discontent and the Islamic Revolutionary Guards Corps (IRGC) unable effectively spread Iran’s version of Islam around the world. Tehran’s core aim is to avoid being gain sanctions relief to rebuild its economy and influence via the IRGC and its proxies, and to avoid a huge military assault by Israel, backed by the U.S.

NN: we need to stop pussyfooting around and blat them to hell
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Oil down 1% as IEA cuts demand forecast

Crude oil prices declined by over 1% on Wednesday after the International Energy Agency (IEA) significantly lowered its 2025 demand outlook, projecting growth at its weakest level in five years and cautioning that worldwide oversupply could continue through 2026. Meanwhile, API figures revealed a 2.4 million barrel increase in US crude stocks last week, contrary to predictions of a 1.68 million barrel reduction.

Not surprising  oil was little changed as people start to figure out the trade “wars” have not affected oil demand in any way.  West Texas Intermediate (WTI) for deliveries in May  at 4:35 am ET, going for $61.63 per barrel, while Brent for settlements in June traded $64.72.

NN: its important to understand a slowdown in demand growth is ESTIMATED . not a slowdown in  DEMAND

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Trump says 20% duty still applies on China electronics……. Must see Ray Dalio Interview

United States President Donald Trump announced via TruthSocial on Sunday that “nobody is getting off the hook for the unfair Trade Balances, and Non Monetary Tariff Barriers,” explaining that there was no tariff exception on Friday. He clarified that a 20% Fentanyl levy still applies on Chinese electronics. “They are just moving to a different Tariff ‘bucket.’ The Fake News knows this, but refuses to report it.” Furthermore, the president promised a national security investigation into semiconductors and “the whole electronics supply chain.” Trump reiterated his stance that the US will not allow China and other foreign countries to “disrespect the American people” and announced a golden age for America. Trump had previously said electronics produced in China, such as semiconductors and smartphones, would be exempt from the existing 145% levy on all Chinese imports.

NN: Chaotic is the Trump order of the day….
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Ackman urges Trump to pause China tariffs for 90 days

Billionaire and Pershing Square Capital Management CEO Bill Ackman called on United States President Donald Trump on Sunday to pause the 145% tariff on Chinese goods for 90 days and lower it to 10% during this period, just as he did for other countries. “The benefit of waiting 90 days is two fold. It gives all US businesses the opportunity to make supply chain adjustments, and it gives China the opportunity to show that it is willing to negotiate a trade deal in good faith,” Ackman said in a post on X and added that he would support Trump’s tariffs if China shows it is not willing to reach a fair trade deal. “If China does not cooperate and negotiate a deal that makes sense for our country, President Trump can bring the hammer down in 90 days,” the billionaire stressed.