Housekeeping: Good Morning. Special Sunday Class on Options. Founders also receive a pdf copy of the Natenberg Options textbook.
“The Gold reset is a process, not an event”
Today:
Discussion: BRICS 2024 Focus
Premium: CITI Raises Gold and Silver Targets
Discussion: BRICS 2024 Focus
House in Order- Homework Done
Buy Gold, fix finances, internationalize the Yuan
Soft Opening- from accounting to marketing
Unity- Geopolitical Stability
BRICSPAY- Ability to use your money in other countries
front end of mBridge for public use
Mercantilism- Business finds a way
Disintermediates western banks under g7 control
Banks create new entities to avoid violations/sanctions
Where governments dare not tread, smart companies will
New Currency- Don’t bet on it, let sleeping dogs lie
Don’t give a target
Protect your weaker members, they are targets for US bullying
There are events.. but not necessarily news
What is their homework- Exit plans tell the market tale
News/Analysis:
Equity Recap:
US equities closed mostly flat on Tuesday as investors continued to consider rising interest rates and corporate earnings reports. Large caps bested small caps: S&P 500 (-0.05%) vs. Russell 2000 (-0.37%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) fell 0.22% and 0.57% respectively.
Market News:
"Anthropic has enabled its artificial intelligence to control actions on a computer, including searching the internet, clicking buttons and inputting text, as companies increasingly seek to leverage the new technology to build virtual agents. FT
"Retailers are moving to protect their all-important holiday sales season from the double downer of this year’s U.S. presidential election and a compressed shopping period. WSJ
"Walmart and Amazon are promising same-day deliveries in the $600bn US prescription medicines market, FT
"ASML Chief Executive Officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor technology to China, the biggest market for the Dutch producer of chipmaking machines." Source: Bloomberg
"The European Central Bank will continue to lower its key interest rate over coming meetings, but the pace of that decline has yet to be determined, President Christine Lagarde said Tuesday. WSJ
"The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession. Bloomberg
Politics/Geopolitics:
Israel begins strikes on Lebanese port city of Tyre, via Reuters citing witnesses.
"Sources for Sky News Arabia: Russia will help Iran to counter the planned Israeli strike in some form", according to Sky News Arabia; "Russia will help Iran without risking harm to its relations with Israel". "Israeli sources to Sky News Arabia: We do not rule out the idea of Russia helping Iran in countering the Israeli strike". "Israeli sources to Sky News Arabia: Russian assistance may be by giving Iran early warning and instructions to protect potential targets.". "Israeli sources to Sky News Arabia: Russian assistance to Iran may include the detection of attacking aircraft and electronic jamming"
Israel will continue to attack Hezbollah even after the end of the operation in Lebanon until it withdraws behind the Litani, according to Sky News Arabia citing comments by Galant to Blinken.
IDF spokesman said the Israeli Air Force intercepted a drone in Syrian airspace launched from the east. It was also reported that Israeli military said it intercepted two UAVs that crossed into Israel's waters in the area of Eilat, while Islamic Resistance in Iraq announced it targeted Israel's Eilat with drones.
Palestinian media reported continuous aerial and artillery shelling on different areas in the northern Gaza Strip, as well as heavy Israeli shelling on Rafah in the southern Gaza Strip, according to Asharq News.
Iranian President says they seek to prevent the expansion of conflict within the region, while Israel has shown "it is only looking for conflict", via Al Arabiya.
Iraqi media reports that the US' air defence system and radar in the Koniko gas field, Syria, were hit by a missile attack on Tuesday night, via IRNA.
US Secretary of State Blinken says they fully reject any Israeli reoccupation of Gaza.
Data on Deck:
MONDAY, OCT 21 8:55 U.S. leading economic indicators- Fed Speakers
TUESDAY, OCT. 22 Fed President Harker speaks
WEDNESDAY, OCT. 23 Existing home sales
THURSDAY, OCT. 24 PMI Oct New home sales
FRIDAY, OCT. 25 8:30 am Durable-goods orders
*FINAL MARKET CHECK
