May 31, Trump renewed demand for physical audit of Fort Knox gold reserves, citing FBI’s seizure of $40M in gold bars from former CIA official David Rush.
Iran and the U.S. have essentially aligned on their interests; now it’s just about how to phrase their domestic boasts. We in the East are very familiar with this game—we’re experts at it. In the end, the agreement will likely use vague language, but the goal is purely to satisfy domestic audiences, with both sides needing to appear as absolute winners. Enough said—I’m going short on oil.
Wrong " Trump says I will never let Stock down.
U.S. MILITARY IS QUIETLY ASSISTING AND GUIDING COMMERCIAL SHIPS THROUGH THE STRAIT OF HORMUZ AMID HEIGHTENED REGIONAL TENSIONS: NYT.
According to U.S. media reports, President Donald Trump made changes to Iran’s latest proposal and sent it back, extending the negotiation process by one week.
BREAKING: President Trump has called for a physical audit of Fort Knox’s gold reserves. The United States reports holding 147.3 million troy ounces of gold at Fort Knox, which is worth over $500 billion. However, Fort Knox has not had an independent physical audit in over 70 years.
❌ Powell’s speech was scheduled in advance. There is nothing urgent or particularly surprising to expect from it. 👉 More importantly, Powell is no longer the Fed Chair, so this has nothing to do with monetary policy. Jerome Powell is simply set to speak as part of the ceremony where he will receive the John F. Kennedy Profile in Courage Award in Boston. This award is presented annually to public figures who have demonstrated moral courage. Powell is being recognized for defending and preserving the independence of the Federal Reserve, particularly in the face of political pressure from the government and, notably, from Trump. Unfortunately, the laws of X mean that this post will likely generate far fewer impressions than this Fake news post created solely to drive engagement, @nikitabier @elonmusk
According to Kpler, Japan’s strategic oil reserves have fallen to the lowest level on record. This follows a 66% drop in crude oil imports in April, triggered by the ongoing blockade of the Strait of Hormuz. To maintain supply, Japan is increasingly drawing on its reserves. Japan is among the world’s most dependent countries on oil shipments through the Strait of Hormuz, ranking third after China and India. 📉
Trump demands an audit of Fort Knox following allegations of CIA gold theft, sparking intense scrutiny. Debate over the transparency and accountability of gold reserves is growing.
