iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,783 Blog Posts

IRAN SHOOTS DOWN AMERICAN DRONE; FUTURES EJACULATE WITH JOY — GOLD BUSTS LOOSE

What more can I say, other than get your fucking rally hats out.

Here is the full rundown this very busy Wednesday evening.

The Islamic Republic News Agency said Thursday the drone was hit when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province.

The U.S. military declined to immediately comment.

Nasdaq futures are +65.

WTI +1.3%, and the 10 yr treasury yield is plunging, now under 2%.

And here’s the main story. The dollar is getting the business vs the euro, down by 0.4% and today’s retarded Fed meeting is finally resonating with people — getting them to believe inflation might be a very real concern.

GOLD HAS BROKEN A 7 YEAR CONSOLIDATION AND IS NOW +2.6% AT $1,383. Wow.

Yes, I’m presently long AU and NGD. “The Fly” wins again.

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13 comments

  1. natehois

    I don’t think I’ve ever had a year like this, praise be to exodus

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  2. roguewave

    This is the next Pearl Harbor! That’s why the US has a draft.
    Or maybe our highly trained drone operator was grabbing another bag or Doritos from the vending machine, and the thing crashed.
    Reapers: https://www.youtube.com/watch?v=gcNEC9NaJuE

    In other news
    35th largest currency
    If Bitcoin were to get back to it’s previous high; it would leapfrog another 10 currencies.
    https://www.fiatmarketcap.com/

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  3. ferd

    Sold half my silver in the wee hours as it hit my target (posted here on entry over a week ago). Will sell June calls (also posted) for huge profit this morning – God willing.

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    • juice

      Which god ought be willing? Evil, blood-thirsty and blood-demanding gods like Jehovah, Arussem, Kamagol I, Kamagol II, Arus I, or the good gods of peace and harmony like Arussem, Gospod and Allah?

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      • ferd

        Inshallah – meaning it may or may not happen – and if it doesn’t, it’s Allah’s fault.

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  4. ferd

    Are you a company, state, or municipality with debt? No worries – we’ll print it away.

    Burdened by the $50K in student loans you spent earning your degree in Women’s Studies? No worries – Judy here, who worked cleaning bed pans while you were at keg parties, will pay that off for you in Elizabeth Warren’s first term!

    Be happy.

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  5. gsofield

    Looks like nothing will shake the markets. Fed put is real. Folks front running the fed for a rate cut which will fuel more buybacks. If gold busts through 1400 that will break the highs from 3/2014 of 1392, which it tagged yesterday and got bitch slapped back. I think the FOMO will be real today it breaks out. Next stop could be 1520. Interesting times for sure.

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  6. numbersgame

    The Iranians said it happened in Iranian airspace, the US denies this. It’s posisble that neither are lying.

    The US claims that waters up to 12miles out are part of the US terrritory. Iran and Oman do the same, which means that you cannot pass through the Strait of Hormuz without passing through Iranian or Omanian territory. However, the US does not recognize this claim, so the shootdown could have occurred over disputed territorial waters.

    Incidentally, international law seesm to be inconveniently on Iran’s side.
    https://en.wikipedia.org/wiki/United_Nations_Convention_on_the_Law_of_the_Sea

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