Gold prices reflect a shift in paradigm – Part I

Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years Goldman Sachs reported its highest quarterly profit in five years, as the bank's equities traders beat their own previous all-time quarterly high revenue by more than $1 billion thanks to a surge in market volatility due to the war in Iran; however this stellar performance in equities was offset by an unexpected drop in FICC revenues. Here are Goldman's Q1 results in a nutshell: EPS $17.55, exp. $16.41 Net revenue $17.23 billion, +14% y/y, exp. $16.95 billion Equities sales &...

New Ayatollah's First Message: Hormuz Strait Stays Closed, Warns 'More Fronts' Could Open Summary: Bloomberg: Trump admin set to temporarily suspend Jones Act shipping rules to help cool rising oil prices. Ayatollah Mojtaba in first public message says the closure of the Strait of Hormuz should be continued as a tool to pressure the enemy Mojtaba vows to keep attacking US bases, and signals 'new fronts' could soon open President Trump simultaneously says the US is stopping Iran "from having Nuclear weapons" and "destroying" the Middle East and "the World". Shipping turmoil escalates as multiple vessels...

Ex-CIA Analyst: What The Hell Happened With The Pilot Rescue Op In Iran? Authored by former CIA officer Larry Johnson Iran's air defense system succeeded on Friday, April 3, in downing a US F-15E over Iran. There is some dispute and confusion about the exact location (more about that later). The pilot and the WSO (i.e., Weapons System Officer) both successfully ejected but were separated. The pilot was quickly rescued by the Combat Search and Rescue (i.e., CSAR) and the two Pave Hawk helicopters ferrying him back to safety were hit, but...