Tuesday morning sees stock futures down across the board after President Trump leaves the G7 meeting in Canada early so he can supposedly broker a peace deal or something like that while telling Iranians to evacuate Tehran (he's bluffing).
Somehow, within the death and dying, bombings and missile strikes, something just doesn't seem right, but one can probably assume there are plenty of people in Washington D.C. and on Wall Street and thereabout that are making money hand over fist.
The entire affair is disgusting - just like the situation in Ukraine - because people are being slaughtered with the aid of American weaponry. If President Trump really wanted to be remembered as a "peace president", as he expressed at his inauguration, he could at least try to limit the arms and money going to both Ukraine and Israel. He hasn't expressed any inclination to do so. Thus, he is losing his base, and here at Money Daily, he's not going to get any support until he begins acting rationally, responsibly, and in the best interests of the United States of America, and starts telling the truth, rather than pushing the agenda of Ukraine and Israel, especially the latter, and enriching certain people.
That Trump is playing some kind of 3D, 4D, or 6D chess is not a reasonable explanation for his words and actions. Americans, and the rest of the world, deserve better from their "leaders." Continuing on a path that leads to destructive ends will result in Americans and people around the world distrusting these people and dissolving the social contract that has been voided by politicians of all stripes doing more harm than good, and whatever good they're doing benefits only themselves and their friends, allies, and supporters.
This Tuesday morning, as stock futures were recovering leading up to the 8:30 am ET frame, precious metals investors are seeing silver advance smartly, vaulting over $37 per ounce while gold languishes around $3,400 on the COMEX, another den of thieves. For what it's worth, silver's move is long overdue. Even the shorts at the bullion banks understand that.
When the Commerce Department said retail sales fell 0.9% in May, after a decline of 0.1% in April, stock futures began to decline again. For now. That is likely to change as the managers of the Wall Street confiscation mechanism continue the raping and pillaging of passive investors.
Oil prices continue to rise and fall based on little more than naked speculation while there exists a glut of crude on world markets. Another fiction the rubes are supposed to believe is that Iran will close the Strait of Hormuz, choking off 20% of the world's supply. Pure fiction as the Iranians would only be cutting their own throats by doing so.
Amidst the hoopla, the Senate managed to overwhelmingly pass the GENIUS Act, a boon for crypto and stablecoins, so soon, currency in the cloud will be tied to the failing fake currency of the Federal Reserve. The blockchain will bind you.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."- Samuel Adams
This is truly a sad state of affairs in which nobody can be trusted, least of which, politicians and investment advisors.
At the Close, Monday, June 16, 2024:
Dow: 42,515.09, +317.29 (+0.75%)
NASDAQ: 19,701.21, +294.41 (+1.52%)
S&P 500: 6,033.11, +56.14 (+0.94%)
NYSE Composite: 20,087.96, +106.86 (+0.53%)
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