16 Comments
User's avatar
ML's avatar

Trump sure knows how to throw a party.

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Celty's avatar

This is about steering South America away from China. Pressuring Canada on trade as well.

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VBL's avatar

taht makes a lot of sense too

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M C's avatar

that should teach the shorts a lesson....

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Yeti1's avatar
6dEdited

and just like that [snap of fingers], Trump rips the reigns of the news cycle away from Epstein stories--regaining control of the news narrative, right on time (mid week).

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Jay's avatar

Jordan and Vince got it right in Thursday's interview!

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Jonathan Davis's avatar

Jordan Roy Byrne, on y-toobe ?

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Jay's avatar
6dEdited

Hi Jonathan, yes. But posted after the weekend. VBL just posted the link in his PM Gold fix.

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Mr. Simon Field's avatar

Which is great if you were already invested.

At one time there was insanity. People would pick the fly-shit out the pepper. What did Powel say when he said “longer” but last month there was a dot there and now he’s gone and moved that fucking dot. This horseshit would go on. Anyone knows the fed FOLLOWS the 2 year. The fed does nothing. Americans cant get enough of horseshit. Now we know. The FED cut twice and the long bond has gone tits-up.

Now we have flown past insanity and we have entered the mind of a lunatic on poppers. And everyone its trying to trade around the whims of a serial liar and a guy that ran beauty pageants for teens with lipstick and hard nipples and told America he would release the sex files of his best mate and people believed him… and now he wont. Imagine my shock.

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sohony's avatar

good lord. can someone explain to me exactly how this helps american manufacturing?

(the stated purpose of tariffs afaik?) or is this driven by settling some other grudge?

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Brit's avatar

Potentially a move to pressure the Lat Am countries to get trade deals done. U.S. will get some kind of agreements, remove the copper tariff, and declare victory. Plus some quick insider options profit as a bonus?

Doesn't seem to be a great trade war strategy to force +50% cost on copper for domestic manufacturing, so it probably won't stick. But it could point to a similar strategy for other materials (e.g. silver tariff to get Mexico to an agreement). This admin is nothing if not formulaic. And negotiating 196 deals turns out to be a lot of work!

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long-short's avatar

hah

thank you @brit

makes total sense

hope it gets sorted out before construction & auto manufacturing are tariffed out of business

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Brit's avatar
4dEdited

And today was 'pick on Brazil' day for tariffs. Mostly on account of them hosting the BRICS meeting - need to adjust their attitude. And bonus, they are a large copper producer and a BRICS member. So would that be 50+50+10=110% tariff on Brazilian BRICS copper? We need a new tariff chart!

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Ignatius's avatar

This is all trade wars, par excellence (some moves are with the pawn, others with the queen). Who knows who will win the game?

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Kempi's avatar

That Chinese hunt guys probably smiling

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Jonathan Davis's avatar

incoming melt up in Pt and Pd

supply almost entirely controlled by BRICS

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