Goldtent TA Paradise

At least 17 people are injured after a car rammed into football fans celebrating a World Cup win.

https://www.msn.com/en-ca/news/world/car-ploughs-through-crowd-of-world-cup-fans-injuring-17/ar-AA26wblL?

https://www.dailysignal.com/2026/06/25/supreme-court-rules-on-whether-trump-admin-can-remove-temporary-protected-status-for-syrians-haitians/

A good read. 10 min
Before the rise in the PM’s they drop initially especially with the run up we’ve had. We’ve seen this every time. The Fed and Treasury are trapped once again and will sacrifice the currency.
Comforting thought for a recovery.

Remember to enjoy each day as if it is your last. Life is too precious to worry about things we can’t control.

Gold and Silver will rise again

China announced it is targeting US rare earths firms in response to a Pentagon list of Chinese firms……European Union’s aggressive plans to boost defense capabilities are hampered by China’s export controls and sales restrictions on critical raw materials. For 17 of the 34 materials classified as critical by the EU, China accounts for at least 70% of global mining or refining, a report published by Teer in May shows.

Eight of those 34 materials are subject to Chinese export controls.

https://www.zerohedge.com/military/european-rearmament-efforts-stomped-chinese-control-critical-materials

Article is written as-if the problem is European rearmament – however – I suspect that US is affected also.

After sparring in tense confrontation with Trump over Iran today, Bill Cassidy gets a briefing at the WH.
And then flips his vote — and backs Trump on Iran war powers , ( as does Rand Paul)
47-50-1, Senate blocks measure to restrict his war powers after a similar resolution passed earlier this week.

So…the moral of the story is that Cassidy saw something that 99.9% of us have no clue about via intelligence brief, and finally understood the importance of backing the president

https://x.com/mkraju/status/2069980696794337657

To me this is the most important story in the USA right now !

Our Political “Opposition” is now increasingly controlled by a coalition of literal Communists and Muslim Fundamentalists lead by Zoran Mamdani . They can be considered the Far Left Faction of the Democrat Party ( The LEFT “Populist” Faction if you will) .

One could say this Political Phenomenon know as DSA ( DEMOCRAT SOCIALISTS OF AMERICA ) is the Mirror Image of the MAGA (CONSIDERED THE FAR RIGHT “POPULIST” MOVEMENT ) THAT TOOK OVER THE REPUBLICAN PARTY UNDER TRUMP.

SO THE TWO TRADITIONAL POLITICAL PARTIES HAVE EACH GONE THROUGH A SCHISM . WE REDS ARE FAR AHEAD OF THE BLUES IN THAT THE MAGA FACTION HAS SOUNDLY TAKEN OVER FROM THE RINO / NEOCON FACTION UNDER TRUMP FOR OVER A DECADE… WHILE THE DSA MOVEMENT IS JUST GETTING STARTED BUT GAINING STRENGTH OVER WHAT WE MAY CALL THE “DINOs”

IT’S A FASCINATING ( FASCIST-NATING ? ) DYNAMIC …LOOK AT WHAT THESE NEWLY EMPOWERED COMMUNISTS AND ISLAMIC FUNDAMENTALISTS ARE DOING TO POOR DOLLAR STORE OBAMA ( HAKEEM JEFFRIES) AFTER THE TAKE OVER OF NEW YORK CONGRESSIONAL SEATS IN THE RECENT DEM PRIMARIES .

THIS MIDTERM ELECTION IS NOT YOUR FATHERS MIDTERM…WITH THIS NEW DYNAMIC I WOULD THINK EVEN THE DINOs ( moderate Dems) will be looking at the situation and reconsidering their support for the Dems

Important read

https://www.thegatewaypundit.com/2026/06/hive-minded-dsa-members-chant-youre-next-democrat/

DAILY

WEEKLY

MONTHLY

https://justthenews.com/government/congress/postmaster-general-says-he-will-comply-trump-rule-hold-back-mail-ballots

Important clip here from Trey Yingst.

Trump confirmed to him that US nuclear inspectors will join the IAEA on the ground, and the head of the IAEA also confirmed this.

Anything you hear otherwise, is disinformation. We will test the nuclear material. That’s what all this is about.

https://x.com/WarClandestine/status/2069802468788035792

“This isn’t just about verifying quantities—it’s about tracing origins, history, and intent”.

When US nuclear forensics teams (DoE) get samples of the uranium, they will 100% be testing for the origin.

https://peterhalligan.substack.com/p/earthquake-devastates-venezuela-up?

From writing to the bicycle to the internet, history’s great technology scares ended not in ruin but in human flourishing, and there is little reason to think AI will be the exception.

A few weeks ago, while chasing an unrelated story, we stumbled onto a quietly brilliant little website called Techlashed. It is an interactive timeline of technology-driven moral panics built by Andrew Maynard of Arizona State University’s Future of Being Human initiative, and he built much of it with AI, using the very technology now inspiring the loudest panic of our age to catalog every panic before it. Techlashed offers a much-needed deep historical perspective in the AI conversation

The pattern it lays bare is comically consistent, because every transformative technology arrives wrapped in dread, and that dread sounds the same every single time. Consider nine of them:

EXCELLENT PIECE ON THE AI “REVOLUTION” IN COMPARISON TO MANY NEW “DISRUPTIVE” TECHNOLOGIES THROUGHOUT HUMAN EXISTANCE

https://www.dossier.today/p/the-ai-moral-panic-will-pass-just?

https://x.com/MBAeconomics1/status/2069433607966405093

AND

U.S. Secures Silver Smelter Deal to Process Latam Metals

Under the plan, the U.S. Department of Defense will hold a 40% stake in the JPM Financed smelter joint-venture.

Korea Zinc plans a $7.4 billion investment to construct a large-scale non-ferrous metals smelter in Clarksville, Tennessee, a project U.S. officials say will materially expand domestic critical minerals processing capacity and strengthen supply chain security.

https://www.scottsdalemint.com/articles/2026/u-s-secures-silver-smelter-deal-to-process-latam-metals/?

First I’ve heard of price floors — anyone familiar with government policy on same???? I think it may be a concept the writer is promoting…..

A narrow ruling that Cook was denied due process would leave the larger question unaddressed. Upholding her dismissal could trigger a dramatic sell-off of US stocks and bonds and $USD. Stay tuned.

https://x.com/marcmakingsense/status/2069821660404863039

Moscow’s largest oil refinery is expected to remain out of service for at least six months after suffering significant damage in a series of Ukrainian drone attacks this month, according to Reuters, citing sources familiar with the matter, after Zelensky earlier vowed to bring the war to Russian territory. Kiev and the West are flirty with massive Russian retaliation at this point, which is precisely what Putin has vowed.

https://www.zerohedge.com/geopolitical/moscow-oil-refinery-faces-six-month-shutdown-after-relentless-ukrainian-drone-attacks

https://x.com/TheBabylonBee/status/2069504005445980168

JEFF CHILDERS

https://www.coffeeandcovid.com/p/clowns-and-civil-wars-wednesday-may?

DARE I SAY IT ?…THIS IS DONKEY KONG !

https://m.youtube.com/watch?v=nHy5u06we_s&ra=m

Donald Trump’s top Army general has abruptly resigned as Pete Hegseth pushes to demote his command and purge the Pentagon’s senior ranks, sidelining top officers with little explanation. General Chris Donahue, 56, will step down as head of US Army operations in Europe and Africa, with his retirement expected to be announced as soon as Wednesday.

Donhue is a decorated officer who commanded the Army’s elite Delta Force and amassed two decades of combat experience. He has long been seen inside the Army as one of its top leaders and a potential future chief of staff.

https://www.msn.com/en-ca/news/world/trump-s-top-general-walks-out-of-pentagon-as-hegseth-moves-to-gut-his-command-in-sweeping-purge/ar-AA26riGp?

This is a warning that the market is getting closer to levels where selling becomes less discretionary and more mechanical.

https://x.com/onechancefreedm/status/2069774029045584187

One year ago, silver was trading at around $36 per ounce. Today the price is around $60. Normally, that’d be considered a win. But over those 12 months, we silver bugs have been on a wild ride.

Simply incredible price action. From $36 to $119 in about 8 months. And now back down to $66.

I believe the silver bull market still has years to run. Maybe even another decade.

https://www.zerohedge.com/precious-metals/uh-oh-silver

“The one pillar which remains strong is central bank demand, and we expect this to be the case for some time to come…”

Gold plunged back below $4,000 an ounce for the first time since November 2025 this morning, as a resurgent dollar and the prospect of higher interest rates bring bullion’s three-year bull market to a halt (now down 30% from its January highs).

https://www.zerohedge.com/precious-metals/hawkish-warsh-hammers-barbarous-relic-gold-crashes-back-below-4000-rate-hike-odds

BIG OIL IS GAS GOUGING…OIL NOW BACK TO NEAR WHERE IT WAS WHEN THE “WAR” BEGAN ( BELOW $70 )

BUT GAS PRICES IN US WERE AVERAGING ~$3 AND NOW STILL ~$3.90

WTF ?

PS…I AM GIVING MYSELF THE BLIND SQUIRREL AWARD OF THE YEAR FOR THIS CALL…ANYONE CARE TO SECOND IT 🙂

WAY OUTSIDE THE BOLLINGER BAND

REVERSAL IMMINENT

HANG ON

No one has had the stomach to say it so I will barf it out

CRUSHED ! PEAKED AT $120 NOW $58….UNSPEAKABLE DESTRUCTION ….THIS METAL IS INSANE…WHERE IS THE BOTTOM ?

IS THIS STILL A BULL FLAG ?

This sent from Eddie Shuffle .Thanks Eddie

FROM A DOOMBERG ARTICLE A FEW WEEKS BACK

Do we really need a strategic petroleum reserve?

Doomberg
So it’s a great question. It very much depends on which country you’re in. So it’s probably worth doing a bit of a historical sort of telling of how we got to this situation. So they’re twin issues. So when Nixon removed the US off the gold window and then you had the war in the Middle East back then, the Arab oil embargo ensued.

And what was born out of that was the IEA, the International Energy Agency, and the mission of the IEA was to protect the developed world, the oil importing countries at that time, from such supply shocks by mandating that all of the member states of the IEA held 90 days of oil or refined products in inventory at the ready for just such an eventuality. It was a twinning of the gold and oil stories in a way that is like echoing today in this war in the Middle East.

Now, the US at the time was the world’s largest importer of crude. Now you fast forward to today where 15 years into the shale revolution and the US is not actually an importer of crude net. We’ve addressed this. There’s a bunch of nonsense floating around on Twitter trying to argue that the US is somehow not an energy superpower.

It’s just, I’ll catch myself before I say something I regret. So the US actually doesn’t need a strategic petroleum reserve, but it has one. It’s a big one. And what it has done, again, I give credit to my good friend Sir JJ over at Market Fives. Jack Johnson writes a great Substack twice a day. Can’t recommend it enough. He pointed out, I think quite cleverly, that the US is not draining its strategic Federal Reserve right now, it has lent oil to Exxon and Chevron who are to pay back that oil with interest, not in dollars, but in barrels.

And so all of the oil being lent to the market right now for the exact purpose of managing the crisis is to be paid back. And the credit of the people borrowing is just as good as US Treasuries. In other words, Exxon’s corporate credit rating is incredible. And so the oil is still there. It’s just in the form of future deliveries where the person standing on the other side of your transaction is Exxon or Chevron or pick favorite.

And viewed through that lens, I think the collective working capital of oil sitting around the world has now pivoted from being viewed as an efficiency drag to a resilience boon because the value saved by shaving off the marginal price spike is integrated across the entire transaction suite.

And so coming out of this crisis, I don’t imagine any country in the world is going to say, I’m going to take a few months to top off my stores. Like they’re not, as if they’re not going to say that now. And so Australia is not going to be caught with 30 days again and the US will refill its strategic reserves. It’s already got the legal mechanism in place for that to happen organically.

And every other country in the world is going to look around and say, you know, as oil slips back down to 70 and 65 and 50 and 40, which is coming, maybe we’ll go in and that slope will be buffered a bit by this investment in resiliency that these stores bring. And then what do you have? What you have is a world awash in natural gas and natural gas Metals Liquids that has run through the gauntlet of the closure of the Strait of Hormuz and come out of it way better than expectations. And, um, lower for longer, consistent with our long-term view that all shortages are followed by gluts.

Venezuela, Guyana, and The New World’s oil
Monetary Metals
Doomberg, I got to say, it’s always fascinating having you on the podcast, but your last answer actually proved my last video wrong. I did an oil versus gold video explaining the differences between oil and gold, and I said that unlike gold, you can earn a yield on gold paid not in dollars but in more ounces of gold.

That’s not true of the oil market, but it turns out I’ve been proven wrong on this podcast. Oil can actually be loaned and paid back in more barrels of oil. Very fascinating. And I want to ask you a question about these oil companies. We’ve heard this idea that, well, a lot of these oil companies, they wanted to get oil out of Venezuela because Venezuela had all this great oil reserves.

They pushed out these U.S. and Western oil companies. Now that the U.S. is kind of more strategically involved in Venezuela, if you want to call it that, these oil companies are now going to start refining and producing oil from Venezuela. How true is that idea and how important is that Venezuelan oil to America’s oil independence?

Doomberg
Yeah, so before I do that, I just want to close the loop on this loaning of barrels. The best part of it all is that the president and his administration could do this without congressional involvement because there’s no dollars changing hands, only barrels. And so it’s not an appropriation or any sort of congressional oversight at all. And look, when you have Scott Bessin and Chris Wright in the seats of Treasury and Energy respectively, then, you know, you have two people who know far better than you and I what they’re doing.

So to your question on Venezuela, Venezuela’s an interesting one. We just did a full deep dive analysis on Guyana for our May Doom Zoom, and I don’t think that the Guyana story is independent of what’s been going on in Venezuela. So Exxon discovers a generational asset offshore in Guyana, really one of the most remarkable finds of this sort of generation from zero to a million barrels a day almost in a matter of less than a decade, which is just unheard of and for one, you know, bloc. And Exxon had been kicked out of Venezuela. Chevron stuck around. You have the armada of super majors assembling offshore in Guyana.

Venezuela’s then leader, president, dictator, pick your favorite adjective, Nicolás Maduro was agitating to resuscitate a century-old border claim against Guyana that would have then enveloped the offshore assets of Exxon into Venezuela. And then next thing you know, total coincidence, US military snatches him The US is back in Venezuela. Color us skeptical, but we first wrote about the prospects of all of this back in a piece we wrote in December of 2023 called The New World’s Oil, foreshadowing the Monroe Doctrine.

So when you look at northeastern coast of South America, you have Venezuela, Trinidad and Tobago offshore, Guyana next door, Suriname next to that. There’s 5, 6 million barrels a day of oil to be had there. Easily. Venezuela used to produce 4. It was doing less than 1 before the events of early January. You have Trinidad and Tobago, which is a natural gas powerhouse right there offshore. You then have Exxon next door in Guyana. They’ll probably get that to 2, 3 million barrels a day, an enormous amount of natural gas. Surinam next door, right on the edge of Guyana. So just there, forget about the, the rest of the southern part of the Western Hemisphere.

And then you mix in the fact that Venezuela’s oil oil is heavy, similar consistency, you know, gravity, sulfur content to that of Western Canada in Alberta, and that US refineries are optimized to run such grades. And the fact that the oil being produced in the Permian and the other shale regions in the US is much lighter, the synergistic combinations of the two makes for an ideal slate for refining in the US.

And it all just kind of makes sense. And that’s why the war in Iran is such a mystery to us and such own goal/catastrophic mistake by Trump. The Western Hemisphere in the New World’s oil, we estimated, you know, from the southern tip of Argentina to the Arctic has an extra 10-12 million barrels a day of oil to be had and an infinite amount of natural gas. Like, what are we doing in the Middle East? Let China figure that out. But anyway, I digress.

Senator Fetterman says the old Democratic Party is DEAD. Replaced by outrageously radical candidates who want to abolish ICE, defund police, open borders, grieve dead Hamas snipers, and push full-on anti-Semitism.

https://x.com/GuntherEagleman/status/2069592469176476075

8 minutes

British Storm Shadow missiles hit pre-2014 Russia in Voronezh for the first time in this war. Starmer elegantly started the biggest escalation in this war on his last day before resigning. Classic.

Putin earlier said that if Ukraine were empowered to strike deep into Russia with Western weapons like Storm Shadow missiles, it would mean direct NATO participation and Russia would react appropriately. To deep-strike with cruise missiles you need:
– Western satellite intelligence data
– NATO personnel to program the flight route and target of missiles within Russia

Technically, for Russia to eliminate this threat, they would likely need to strike NATO bases.

https://x.com/MyLordBebo/status/2069319366668157237

AND

BRITAIN IS DIRECTLY INVOLVED IN THE STRIKES – SAYS GERMAN MILITARY!

It’s a trap … this specifically is the trap Starmer put out for Putin and left.

https://x.com/MyLordBebo/status/2069321482363105318

AND

UKRAINE WITH BRITISH HELP HIT RUSSIA DEEP ON THE ANNIVERSARY OF HITLER’S RUSSIA OFFENSIVE!

https://x.com/MyLordBebo/status/2069323957728149887

AND

Russia struck Pavlograd in Ukraine. The site exploded with a huge secondary detonation and a mushroom cloud. Seems like a big ammunition depot. (retaliation possibly?)

https://x.com/MyLordBebo/status/2069523594237939836

AND

Putin — “West is openly saying that they’re preparing for WAR with Russia”

2 1/2 minutes

https://patrickwood.substack.com/p/iran-the-goal-was-always-economic?

I recall it occurring just before Warsh was confirmed……or maybe it’s my imagination….