Chicago PMI Surges to 4-Year High

Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP

Fars News: Informed sources have rejected Trump's new claims about a possible deal with Iran, describing his remarks as 'a mixture of truth and lies' and an attempt to portray a fake victory. Iran Denies Trump Claims On Nuclear Deal – Fars News pic.twitter.com/azKIhLPINK FARS, CITING SOURCES, SAYS TRUMP'S COMMENTS ARE AN 'ATTEMPT TO PORTRAY A FABRICATED VICTORY' FARS: IRAN HAS STRESSED THAT AFTER THE US BLOCKADE IS LIFTED, IT WILL REOPEN THE STRAIT OF HORMUZ ACCORDING TO ITS OWN PRE-DETERMINED ARRANGEMENTS FARS: IMMEDIATE PAYMENT OF $12 BILLION FROM IRAN'S FROZEN ASSETS IS INCLUDED IN MOU

Nonetheless, we are approaching an area of demand near the $4,500 level, and I think that will be the area to watch, followed by the $4,200 level for the month of June. Quite frankly, if we can get some interest rate relief during the month of June, then it's possible that we might be able to see the XAU/USD pair rally a bit. That being said, I would also ...