Jun. 23 at 6:53 AM
$GLD $B $SLV $GDX $JNUG
We knew this was coming & here it is. The cost now to cover military operations is 175% higher then estimated which was originally
$29 billion
The Pentagon has told Congress it needs about
$80 billion to cover the cost of the Iran war and other expenses
The request is substantially higher than previous Pentagon estimates and comes amid concerns about depleted munitions stockpiles, ongoing military deployments in the region & growing pressure on an already massive defense budget. Pentagon officials maintain that U.S. military readiness remains strong, but the conflict appears to be creating both financial & logistical strains
Heavy metals are just about to reach an oversold level once again. It's likely that we another nice pullback but wait for what metals will do in this 2nd half of the yr & especially what Warsh actually ends up doing. Warsh is no Volcker, I do not sense an ounce of that in him, I don't think he can walk the walk
https://www.instagram.com/p/DZ6f3Hbt1yA/
