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captjack ๐Ÿดโ€โ˜ ๏ธโœจ๐Ÿ’œ
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captjack
๐Ÿ”ฅINDONESIAN GOLD DEMAND REACHED 15 TONS IN Q2 ๐Ÿ‡ฎ๐Ÿ‡ฉIndonesiaโ€™s demand for gold bars and coins surged 40% in the second quarter from a year earlier, making the country one of the worldโ€™s strongest-performing gold investment markets as a weaker rupiah and economic uncertainty drove investors toward the precious metal. Demand for bars and coins reached 15 tons in the quarter, according to the World Gold Councilโ€™s Gold Demand Trends Q2 2026 report released Friday. Private Retail crowd - nothing to do with central bank or hedge-fund or institutions. cc: jakartaglobe .id image
opinion take ๐Ÿ‘‰ BOJ FED (FIMA maneuver from 1st Aug) just ignited current gold unstoppable rally for now japanese bond crisis is not stopping soon - smaller central banks / bond vigilantes are behind this rally. hormuz ceasefire is fake excuse in gold rally equation. dubai gold market is fading slowly. shanghai / hongkong becomes more dominant players in physical. Gold futures (NOT PHYSICAL maybe futures are chasing physical now) are nearing $4,400/oz, now at a fresh 8-week high. image
African challenge of US dollarโ€™s dominance bears first fruits African nations are incrementally abandoning the greenback for the yuan and local currencies, the Economist reports. ๐ŸŸ  Zambia now accepts mining royalties in yuan and has mandated local currency for domestic transactions (offenders face fines or prison) ๐ŸŸ  Egypt, Nigeria & South Africa signed new yuan swaps; Kenya converted dollar loans to yuan, saving ~$215M annually in interest ๐ŸŸ  Standard Bank โ€” Africaโ€™s largest lender by assets โ€” cleared first transactions via Chinaโ€™s Cross-Border Interbank Payment System; yuan cross-border transactions in Africa rose 4x from 2020โ€“2024 ๐ŸŸ  The Pan-African Payment System (PAPSS) now connects 160+ banks to settle intra-African trade in local currencies, potentially saving $5B/year. The transition is not painless: companies must rewrite dollar contracts, exporters face conversion fees, and some industries lack the dollars needed for imports. Despite that and the fact the dollar still rules 70% of external debt, with the Zambian kwacha up 15% this year, Africa is betting on a multipolar currency future. image
GOLD at $4300/oz again (ath was 5600 in Fed before war) 1975s is back 2025s again? High Interest , Arab oil Crisis, Iran Revolution ๐Ÿ‘‰ Rate hikes are no longer bad for gold. BOJ FED keep trying again again. In the later half of the 1970โ€™s bull market both gold and interest rates went up. The gold to US10Y spread broke out of a descending wedge recently = gold outperforming interest rates. image This is huge since G7 bonds are acting safe heaven for sovereigns / institutions (nothing to do with retail physical gold market - it not drive price ~30% of physical gold market getting relocated slowly as Dubai hub is still offline unless us troops withdraw fully africa processing gold locally coming acting small relief)
๐Ÿ‡จ๐Ÿ‡ณ just sold yuan-denominated sovereign debt in Hong Kong at record-low yields: โ€ข 15-year: 1.99% โ€ข 30-year: 2.24% โ€ข 2-year: 1.27% โ€ข 5-year: 1.43% - Instead of USTs, foreigners are choosing the yuan - Foreign yuan bond issuance 3xโ€™d in March YoY The choice is quite simple - US 10y yield: 4.46% - CN 10y yield: 1.82% Demand was extremely strong, with an overall bid-to-cover ratio of 4.67x, which is the highest since June 2025. image Additionally also ๐Ÿ‡จ๐Ÿ‡ณHKMA/PBOC also selling offshore USD denominated sovereign bonds at lower rate that us๐Ÿ‡บ๐Ÿ‡ธ treasury image China is now issuing USD-denominated bonds at the same yield as the United States .... a direct challenge for international capital. meanwhile USTs image SOVEREIGN CREDIBILITY CRISIS๐Ÿ‘
๐Ÿ‡ท๐Ÿ‡บ Rassvet low-orbit satellite network is now believed to provide around two hours of usable broadband coverage over Ukraine each day. The connection is not yet continuous, but Russia is building a sovereign communications channel that no foreign company can switch off. image 16๐Ÿ›ฐ now operational - global commercial expansion planned later
So Trump still proclaiming he is escorting hormuz yesyterday's centcom post Only thing changed in narrative - "Air Raid Bombing" to "Patrol" poop ships still in gulf of oman for blockage Air Force F-16 fighter jet is refueled during a patrol over regional waters in the Middle East while the U.S. continues enforcement of the blockade against Iran.
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