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Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves
Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves
Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold's paradoxical move - after all, the precious metal has traditionally been a store of value in times of geopolitical stress - was the furious liquidation of gold by emerging markets, in this case Turkey, scrambling to obtain reserve dry powder so Ankara could cover soaring costs of energy imports.
And indeed, the latest central bank data showed that Turkey’s foreign reserves had their biggest...
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Oct 20, 2026 / Tyler Durden
Iran Rejects Report That Deal Is 'Close' After Qatar, Pakistan Push 'Compromise Proposal' To End War
Iran Rejects Report That Deal Is 'Close' After Qatar, Pakistan Push 'Compromise Proposal' To End War
Update(1117ET): The somewhat expected quick rejection is coming from the Iranians via newswires:
IRAN-US TALKS CONTINUE, REPORTS DEAL IS CLOSE ARE WRONG
And Israeli media: "At least once, the US Trump administration was 'very close' to approving an attack on Iran" i24 Stein's reports citing sources. Oil bouncing back on the Iranian rejection headlines, and despite...
RUBIO: OIL GOING THROUGH HORMUZ NEARLY EQUAL TO BEFORE WAR
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Update(1035ET): This past weekend Iranian Foreign Minister Abbas Araqchi said that...
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Nov 9, 2026 / Tyler Durden
Judge Clears Lindsay Clancy For Retrial, And Tells Her Lawyer To Watch His Mouth
Apr 28, 2026 / Dave DeCamp
CENTCOM Says US Forces Boarded and Then Released a Commercial Ship in the Arabian Sea
US Central Command said on Tuesday that its forces boarded and then released a commercial ship in the Arabian Sea, as the US continues to enforce the blockade on Iranian ports, the main impediment to US-Iran peace talks. “Earlier today in the Arabian Sea, US Marines from the 31st Marine Expeditionary Unit boarded M/V Blue […]
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