There are currently “no plans” for a meeting between United States President Donald Trump and Russian President Vladimir Putin in the “immediate future,” a White House official told CBS News on Tuesday.The same source also reported that Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov held a “productive” phone conversation yesterday, but that an in-person meeting between them was “not necessary.” Still, Lavrov already voiced surprise about the alleged postponement of the US-Russia summit, underscoring Moscow’s commitment towards “lasting peace.” Trump spoke with Putin last week and later indicated he could meet him in Hungary to discuss prospects for ending the war in Ukraine.
Gold and Silver Post Steepest Drops in Years as Rally Cools…….Listen to Warren Buffet
Gold plunged the most in a dozen years while silver had its biggest drop since February 2021 on Tuesday amid a broad market selloff following a weeks-long rally that sent precious metals to successive record highs. Spot gold fell as much as 6.3% to $4,082.03 an ounce, while spot silver fell as much as 8.7% to $47.89 an ounce. A confluence of factors dragged down the precious metal including positive trade talks between China and the US, a stronger dollar, overstretched technicals, and uncertainty on investor positioning due to the government shutdown and the end of a seasonal buying spree in India. Haven demand for precious metals has cooled somewhat as US President Donald Trump and China’s Xi Jinping are set to meet next week to iron out their differences on trade. Gold’s relative strength index indicates that prices have passed well into overbought territory. A strengthening US dollar has also made precious metals more expensive for most buyers. “In the last couple of trading sessions traders have increasingly been looking over their shoulders, as concerns about a correction and consolidation have arisen,” said Ole Hansen, commodities strategist at Saxo Bank AS. “It’s during corrections that a market’s true strength is revealed, and this time should be no different, with an underlying bid likely keeping any pullback limited.” With the ongoing US government shutdown, commodity traders have also been left without one of their most valuable tools — a weekly report from the Commodity Futures Trading Commission that indicates how hedge funds and other money managers are positioned in US gold and silver futures. Without the data, speculators may be more likely to build abnormally large positions one way or another.
Option Volume on Largest Gold ETF Hits Record
Volatility and trading volumes have also surged
Note: Total options volume on SPDR Gold Shares, which reflects the performance of the price of gold bullion
“The absence of positioning data comes at a delicate time, with a potential build-up in speculative long exposure in both metals making both more vulnerable to correction,” Hansen said. Volatility in precious metals has surged in recent days, with traders seeking to hedge against potential price drops in other parts of their portfolios, or profit from the fall. More than 2 million options contracts linked to the world’s largest gold-backed exchange traded fund were traded on both Thursday and Friday of last week, surpassing a previous record. Silver also slumped after surging almost 80% this year — with gains driven by some of the same macro factors supporting gold, as well as a historic squeeze in the London market. Benchmark prices are trading above New York futures, which has prompted traders to ship metal to the UK capital to ease tightness. On Tuesday, silver in vaults linked to the Shanghai Futures Exchange saw the biggest one-day outflow of silver since February, while New York stockpiles have also fallen.
NN: Precious metals are doomed
Gold sinks 4% as Fed bets rise, US-China tensions ease
Gold continued its downward spiral on Tuesday, plunging more than 5.5% as investors kept their focus on possible interest rate cuts by the United States Federal Reserve and cooling geopolitical tensions between Washington and Beijing. Gold dropped by 5.52% at 12:41 pm ET to go for $4,116.08 per ounce. Meanwhile, silver went down 8.43% to sell for $47.90 per ounce a minute later and platinum slid by 6.29% to go for $1,536.93 per ounce. Palladium declined by 6.75%, going for $1,385.24 per ounce at 12:44 pm ET.
NN: As we warned the bubble markets in precious metals are starting to crack. This will soon be a major money maker.
Trump: Hamas will be eradicated if they have to be
United States President Donald Trump declared on Monday that there was a “little situation” with Hamas, adding that the militant group was in “violation” of the ceasefire agreement, warning it “will be eradicated if they have to be.” “That will be taken care of very quickly if they don’t straighten it out themselves,” he said. “We had a deal with Hamas, they’re gonna be very good … and if they’re not, we’re gonna go in and eradicate them if we have to. They’ll be eradicated, and they know that,” he warned. Furthermore, Trump said that Hamas would be “straightened out very quickly and very violently,” if the group doesn’t honor the deal. On the other hand, he said the US would not fight Hamas directly should that happen, suggesting Israel and other Middle Eastern countries would engage the militant group.
Trump said to have told Zelensky to accept Putin’s terms……Trump says Ukraine ‘could still win’
United States President Donald Trump told his Ukrainian counterpart Volodymyr Zelensky during their meeting in Washington on Friday to accept Moscow’s terms for ending the war or be “destroyed” by Russia, Financial Times reported on Sunday, citing sources. The meeting between the two leaders was described as stormy, with Trump “cursing all the time.” Trump “tossed aside” maps of frontlines in Ukraine, asking Zelensky to surrender the Donbas region in eastern Ukraine, but subsequently supported the idea of ending the conflict along the current lines of control. Trump’s position was said to have been affected by his phone call with Putin the day before he met with Zelensky. “If [Putin] wants it, he will destroy you,” Trump reportedly warned Ukraine’s leader. There was no comment from the White House or the Ukrainian presidency. Trump previously said the US can’t jeopardize national security by sending all its weapons to Ukraine, and suggested Moscow and Kiev “should stop where they are.”
NN: this war is far from over. Soon the oil embargo will come
Trump says Ukraine ‘could still win’
United States President Donald Trump said on Monday that Ukraine could still potentially win the war between Kiev and Moscow.
“Ukraine could still win it [the war]. But I don’t think they will. Anything can happen. War is a very strange thing,” Trump told reporters amid a bilateral meeting with Australian Prime Minister Albert Albanese Australian Prime Minister Anthony Albanese at the White House.
Furthermore, the US president expressed optimism regarding a peace deal between Ukraine and Russia. “I’ve settled eight wars in eight months. Not bad. I have one more to go and I think we’ll get there,” Trump stated and added that the situation is “a little bit dificult” because “two leaders truly hate each other.”
Bitcoin Extends Slide as $600 Billion Erased Since Crypto Crash
After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbor asset. Once cast as a hedge against market turmoil — a “digital gold” for the blockchain age — the original cryptocurrency continued its slide on Friday, dropping as much as 4% to $103,550, the lowest level since June. Ether, the second-largest token, slipped under $3,700 and has now retreated around 25% from its August peak. The total value of the crypto market has shrunk by over $600 billion since last Friday, data compiled by CoinGecko shows.
Cryptocurrency Crash
Meanwhile, the Binance-linked token BNB tumbled as much as 11% on Friday, before parings its slide. The world’s largest crypto exchange was cited by analysts as a key driver of the record spree of liquidations on Oct. 10 and 11 as users encountered technical glitches and price discrepancies. Binance has offered customers and businesses nearly $600 million in compensation following the crash. The fall in BNB on Friday “seems in line with the larger market selloff for now,” said Yoann Turpin, co-founder of crypto market maker Wintermute. The activity is also likely a sign of repricing, Turpin said, after a surge mid-week failed to form a lasting recovery. Bitcoin set an all-time high of $126,251 on Oct. 6. Days later, more than $19 billion in liquidations sparked by escalating US-China trade tensions coincided with a sharp selloff that encompassed most major tokens. About $1.2 billion in leveraged positions are liquidated over the past 24 hours, according to Coinglass data, far below last week’s total, but underscoring that leverage remains elevated in a fragile market. Heavyweights including Kraken, Circle, BitGo and Ripple are pushing deeper into regulated finance — seeking trust charters, payment rails and card products. “What’s striking is the timing of the crash coinciding with major players pursuing banking licenses,” said Rachael Lucas, analyst at BTC Markets. The pivot to traditional financial infrastructure “signals a strategic hedge against volatility, aiming to build legitimacy,” she added.
Risks stemming from the US and China sparring over trade continue to plague risk assets beyond crypto. The collapses of First Brands Group and Tricolor Holdings have revived anxiety over hidden credit losses, while fraud-linked write-downs at Zions Bancorp and Western Alliance wiped more than $100 billion from US bank market value in a single day.Investors withdrew a net $593 million from US-listed Bitcoin and Ether exchange-traded funds on Thursday as risk-off sentiment swept through markets. The put-to-call ratio for Bitcoin on the crypto derivatives platform Deribit rose to 1.33 over the past 24 hours, signaling increased hedging against further price declines. Put options provide downside protection by giving holders the right to sell an asset at a predetermined price. “Derivatives are where stress is concentrated,” Timothy Misir, head of research at digital asset analytics firm BRN said in a note. “Dealers are buying protection; that raises the cost of short-term downside insurance and increases the chance of violent two-way moves.” With longstanding havens such as gold and silver continuing to hit fresh highs, Bitcoin has disappointed. It fell as much as 6.3% in the week to Oct. 12, the most since early March and hasn’t yet bounced back. The same is true of most cryptocurrencies. “More than anything, I think crypto is acting like a canary in the coal mine suggesting the market is on edge because of emerging credit worries,” said Matthew Hougan, chief investment officer at Bitwise.
NN: You have to be a idiot to put your retirement savings in bitcoin. We are shorting bitcoin. We have been shorting. And we were their for the crash. And we will be shorting the next crash.
Trump shares AI video of himself as king
United States President Donald Trump posted an AI-generated video of himself flying a jet with the inscription “King Trump” and dumping mud on protesters. Additionally, he reposted an AI-generated video originally posted by US Vice President JD Vance of Trump as a king. In the second video, the president dons a crown on his head and then unsheathes a sword as the camera pans to show politicians bowing to him. Earlier, millions of Americans congregated in several cities and towns across the US for the “No Kings” protest against the president’s administration.
NN: got to love it. King Trump shitting on the wok commies faggots
Trump may shift Venezuela mission to ‘regime change’
United States President Donald Trump shifted the focus of a major military deployment in the Caribbean toward forcing Venezuelan President Nicolas Maduro from office, the Financial Times reported, citing Venezuelan opposition figures and analysts. The buildup, which includes warships and fighter jets, was first described as a campaign against drug trafficking but is now reportedly aimed at convincing Maduro and his allies that leaving power is safer than staying. The operation began with strikes on Venezuelan vessels accused of carrying drugs.
NN: President Nicolas Maduro is another savage pig that needs to be slaughtered
US warns of possible Hamas ceasefire violation……..Israel launches airstrikes on southern Gaza
The United States Department of State warned the guarantor nations of the Gaza peace agreement of “credible reports” of ceasefire violations by Hamas and planning attacks “against the people of Gaza.” “This planned attack against Palestinian civilians would constitute a direct and grave violation of the ceasefire agreement and undermine the significant progress achieved through mediation efforts,” the statement said, warning that “should Hamas proceed with this attack, measures will be taken to protect the people of Gaza and preserve the integrity of the ceasefire.” Additionally, the statement affirmed that “the United States and the other guarantors remain resolute in our commitment to ensuring the safety of civilians, maintaining calm on the ground, and advancing peace and prosperity for the people of Gaza and the region as a whole.”
NN: As i have been telling you their will be and can not be peace with blood thirsty savages. Ditto with Russia and Ukraine. So this oil plung on war time oil barrels returning is a sick joke that can make us a lot of money
Israel launches airstrikes on southern Gaza
Israel conducted airstrikes on Rafah in southern Gaza in response to Hamas’ violation of the ceasefire agreement, Channel 12 reported on Sunday. The response followed an attack by Hamas fighters on an Israel Defense Forces (IDF) engineering unit in Rafah, Israeli media said. According to reports, three airstrikes have been launched as a result. Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz, held a telephone call to assess the current situation in Gaza. Previously, the United States accused Hamas of violating the ceasefire and planning an attack on Palestinian civilians. Hamas rejected the accusation. The IDF has not provided a comment.
NN: At least Israel got the hostages’ back before the joke cease fire ended
Ahead of Zelenskyy meeting, Trump shows signs he might not be ready to send Kyiv Tomahawk missiles
President Donald Trump is set to host Ukrainian President Volodymyr Zelenskyy for talks at the White House on Friday, with the U.S. leader signaling he’s not ready to agree to sell Kyiv a long-range missile system that the Ukrainians say they desperately need. Zelenskyy gets his one-on-one with Trump a day after the U.S. president and Russian President Vladimir Putin held a lengthy phone call to discuss the conflict. In recent days, Trump had shown an openness to selling Ukraine long-range Tomahawk cruise missiles, even as Putin warned that such a move would further strain the U.S.-Russian relationship. But following Thursday’s call with Putin, Trump appeared to downplay the prospects of Ukraine getting the missiles, which have a range of about 995 miles (1,600 kilometers.) “We need Tomahawks for the United States of America too,” Trump said. “We have a lot of them, but we need them. I mean we can’t deplete our country.” Zelenskyy had been seeking the weapons that would allow Ukrainian forces to strike deep into Russian territory and target key military sites, energy facilities and critical infrastructure. Zelenskyy has argued such strikes would help compel Putin to take Trump’s calls for direct negotiations to end the war more seriously.
NN: Ukraine gets screwed again.