Was the US attack on Iran the right thing to do?
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Loading ...That’s some truth there.
They just destroy the psychology of the market. Who wants to play in any market where the rug can be pulled out from under your position by brute force either by banks or worse, the exchange which is supposed to be the arbiter of fairness?
I think it says a lot about our government and treasury secretary Bessent, and the fact that he stood by and said nothing.
They will never be held accountable.
Last Fridays action and todays suggest PM’s got mugged in a bear raid only…the mkt was madly overbought and far too extended, to be able to continue, so was wide open for a raid, with enough vol to run most of the stops, which was done….
Yet today we see mkt barely moving…..if there were vast numbers of punters, we would be seeing the mkt yoyoing madly..but we don’t ….We see a mkt that has absorbed the hit and is digesting it…..
RE
The psychological damage of the January crash cannot be overstated. One of the primary goals was not just to make a quick profit on a short-term price swing off a parabolic rise; it was to destroy the confidence of the retail investor, to make them question the very foundations of the bull market, and to scare them back into the paper fiat system that is so clearly failing.
But while the paper markets were in turmoil, the physical market was telling a completely different story. While the price in the West on the screen was plummeting, dealers were reporting unprecedented demand, and across the ocean in Shanghai, the price difference between the two was expanding, not contracting.
Because when very young I took a Interest in bettering the lives of our countries elders born in the 1800s. I was fortunate enough to meet many of them and who knew when they were young many famous and infamous people like Jessy James, john W Harden, to the Buffalos Bills , Indian leaders and traveling shows, politicians, old time judges and bankers, Christian way and giving charity or someone in distress while trying to avoid getting it like a stigma.
Point is this two tier trading system would be described in something like being on a wagon train and a bunch of wealthy bankers and institution employees in the front broke their wheels on the wagon by taking the wrong path and not only didn’t know how to fix them because they never did any manual work in their lives but they had to get through the pass before the winter storm. So in the middle of the night they stole the wheels from the other wagons and left them behind to die. The ones left behind were tasked with fixing the broken wheels while winter was coming on and somehow got through the storm exhausted, lost people along the way because of it, on short to no supply’s left and were finally happy to get through. However they never forgot the ones that left them behind for dead. I don’t think they ever imagined a day would come that the ones who did that to them would never be held accountable.
that the shares are itching to move higher if the metals would show the faintest sign of life, but every minor blip up in the metals are sold.
Relentless.
It does seem like the smash in silver should bring out the coin buyers that might have been waiting and slow down the public selling. But I digress, here again we’re talking about physical markets.
We have a two tier trading system. We play by the rules with our own money, without privi inside info, they the biggest losers get to cheat with other peoples money cuz daddy government will bail them out every time. They’re not exactly the Warren Buffets, Charly Munger’s, or makers of money like Elon Musk and many more. They’re just fools with other people’s money. And to make it worse lie about it by throwing other people under the bus meant for them. They apparently got the fake news, the daddy government, and some of the corrupt judicial system on their payroll too. Just another thing the judicial system or Just Us system of NY Armstrong called it inaction.
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January 2026 is a month that will be seared into the memory of every precious metals investor for years to come. It was a month of breathtaking volatility, of gut-wrenching price swings, and of psychological warfare on an unprecedented scale.
Gold and silver exploded higher, reaching levels that were previously not thought possible that quickly, only to be met with a coordinated, and historic price smash that erased trillions of dollars in paper wealth and sent shockwaves through the global financial system.
And yet, when the dust settled and the final trading day of January came to a close, gold had done something remarkable: it finished the month up GREEN +10%. What a crazy month it has been!
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Let that sink in. After the most violent, psychologically damaging price crash in modern history; a crash that the mainstream media and the usual chorus of experts declared to be the definitive end of the bull market, gold not only held its ground, but it actually gained 10%. Wait, what?!
If you had gone on a month-long vacation and only checked the price at the beginning and end of January, you would have thought it was a relatively calm, positive month for gold.
You would have been completely unaware of the epic battle that had just taken place, of the fortunes that were made and lost, and of the profound, structural shifts that were occurring beneath the surface of the market.
This is the great disconnect of our time. The price action is telling one story; a story of fear, of panic, and of a bull market on the verge of collapse. But the fundamentals are telling a completely different story, a story of a market that is stronger than ever, of a bull market that has quite a ways to go, and of a global financial system that is in the midst of a profound, and historic transformation.
The psychological damage of the January crash cannot be overstated. One of the primary goals was not just to make a quick profit on a short-term price swing off a parabolic rise; it was to destroy the confidence of the retail investor, to make them question the very foundations of the bull market, and to scare them back into the paper fiat system that is so clearly failing.
But while the paper markets were in turmoil, the physical market was telling a completely different story. While the price in the West on the screen was plummeting, dealers were reporting unprecedented demand, and across the ocean in Shanghai, the price difference between the two was expanding, not contracting.
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Also, premiums on physical coins and bars exploded higher, they didn’t contract, as if to say “we aren’t selling these coins at what we think to now be a discounted price!”
The disconnect between the paper price and the real-world price of physical metal has never been wider. This is the tell. But what is driving this disconnect? Why is the physical market refusing to follow the paper market into the abyss?
The answer lies in a set of fundamental forces that are so powerful, so relentless, and so mathematically certain that no amount of paper manipulation can stop them.
Gold demand in 2025 shattered all previous records, breaching 5,000 tons and $500 billion for the first time in history. This is not speculative froth; this is central banks, institutions, and individuals around the world recognizing that the old monetary order is significantly decaying and seeking refuge in the only asset that has survived every currency problem in human history.
And the demand is not slowing down; 95% of central banks surveyed expect to increase their gold reserves in 2026. And Poland just announced plans to increase its reserves to become the 10th largest holder in the world. This is a stampede, not a retreat.
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On the supply side, the picture is equally stark. Global gold production has been essentially flat since 2010, trapped in what some are calling the “capex desert;” a decade plus of underinvestment that has left the pipeline of new projects terrifyingly thin. No amount of higher prices can conjure new supply out of thin air when it takes 10-20 years to bring a new mine online. No supply fairy is coming anytime soon.
And then there is the debt. The United States is now servicing over $1 trillion per year in interest payments on its national debt, a figure that is on track to become the single largest line item in the federal budget.
The debt-to-GDP ratio has surged to 125%, and the country is adding $1 trillion in new debt every 90 days. This is not a problem that can be solved with fiscal discipline or political will; those ships have sailed. This can only end in one of two ways: default or inflation. And since default is politically unthinkable, inflation it will eventually be.
Enter Kevin Warsh, President Trump’s nominee for the next Federal Reserve Chair. The mainstream narrative right now is that Warsh is a hawk, the next Paul Volcker, a man who will raise interest rates to whatever level is necessary to ultimately crush inflation for good and restore sanity and confidence in the dollar. This is a fantasy.
Kevin Warsh is not inheriting the 30% debt-to-GDP ratio that Volcker had in the late 1970s; he is inheriting a 125% debt-to-GDP ratio, a ~$40 trillion debt mountain, and a political system that is incapable of making the hard choices necessary to fix it. The media will spin the Warsh narrative as if he is tough, he will jawbone the markets, he will make the hard decisions, but truth be told, in the end, President Donald Trump would not be choosing him if he wasn’t willing to lower interest rates and print. That’s the agenda. And let’s be clear, the math gives him no other choice.
Stable gold supply is in the process of meeting ever increasing gold demand, as 2025 was a record and 2026 is expecting to be even bigger as central banks plan to buy even more. Despite the smash down, gold finished +10% higher in January. The $1T+ debt servicing issue isn’t going away and will be a critical theme in Kevin Warsh’s first year as Fed Chair as he deals with the reality of the math that can’t be stopped!
In the aftermath of the 2008 financial crisis, and with the weaponization of the U.S. dollar in recent years, central banks have made a historic pivot. They are now major net buyers of gold, and they are buying at a pace not seen since the 1960s, just before the collapse of the Bretton Woods system. And major banks like Morgan Stanley are now openly advising their clients to buy gold in lieu of U.S. Treasury’s, a recommendation that would have been unthinkable just a few years ago. Why this is a strong signal that gold is moving from the fringe to the mainstream!
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SM loves it though!
There’s no more $40 gap between Asia and the paper markets. Asia decided to drop their spread to meet the Crimex paper. The spread is back to a very manageable $12 now. Isn’t that special?
All good points. Never the less I’m glad I took temp profits but had to sell some and man they’re slow on purpose some extra shares I bought with profits only those shares and locked in some and glad I didn’t bend to the urge to buy more when TA was saying a top while demand was saying higher. In a normal dip but not a coordinated sell off. They can call it a shake out all they want but who are they, that’s under water in shorts on the wrong side shaking??? them .. the they them lol that figures , losing money and hedging as well, it was a shake down. They’re not good traders, they just get away with cheating.
Has anyone here used Glint. I had problems with getting money to it via Zelle. Initially it was almost instantaneous. Now there are delays. I would appreciate anyone’s thought concerning Glint.
SGAnon
@TheQNewsPatriot
ICYMI
Gold dealers in China are now freezing assets, refusing to issue physical gold stock to Chinese consumers whose orders have already been completed and paid for.
One platform in particular, Jieworui, is now insolvent and is refusing to issue approx. $19 billion USD worth of gold to purchasers, while simultaneously disabling the ability of those purchasers to receive cash refunds for their unfulfilled orders.
Gary Savage
@garysavage1
People don’t realize we are in a different environment than anything we’ve seen for several decades. We are in the parabolic bubble phase of a very mature bull market. And a bull market that is experiencing shortages.
Yesterday was an attempt by the banks to stop delivery of physical on the COMEX. The are stuck in the short positions with huge numbers of contracts now standing for delivery. The problem is that they just created a $40 spread between the US paper market and Asia. Silver is going to be frantically bought at these artificially low prices and moved to Asia where it will command a much higher price. All they did yesterday was make the problem 10X worse.
This is why I say the recovery will be quick, and once it does unsophisticated Joe six pack traders will start to flood into the market thinking this is a “sure thing”.
It’s that flood of dumb money that drives the second stage of a bubble.
This could have played out naturally as a rolling top and 15-20% pullback over 5-10 weeks, but yesterdays intervention has almost surely sped up the process. We will get the bottom sometime next week, Maybe even as early as Monday or Tuesday.
The chart of the Nasdaq in 99 is another example of this extreme volatility consolidation between the first and second phase of a bubble.
heated by a hairdryer :
( that is almost 9 ft. tall )
Or is k.O’Leary an AIbot on YT ?
… was going to ask … how is everybody enjoying their global warming … I know it might be tough with the icicles hanging from your nose … but don’t worry … they want you believe the arctic is losing ice and global warming is running right on schedule.
How Arctic Ice Loss Is Reshaping Global Shipping | ZeroHedge
Good thing because the south is getting ice now.
Chuckle
Word is the Warsh announcement was just more Kabuki to spark the selloff.
If the broads start to sell off, expect a change back to a dove to bring in programmed trading.
Along with some good old currency debasement acceleration of course.
They will sacrifice the dollar every time because the public is still oblivious for the most part.
They will get caught in a ‘doom loop’ if they do that of course, with bond yields heading north, which should leave PMs last man standing.
The march higher for PMs could return far more quickly than more tempered appraisals would estimate.
Thing is, the feds have to stay ahead of the curve now because of currency debasement diminishing returns.
The current situation has ‘crack up boom’ written all over it.
Willem Middelkoop
@wmiddelkoop
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7h
Bifurcation in Silver
paper ($75) is cheaper than physical ($100)
West versus East
COMEX/CRIMEX versus Shanghai
The dollar is softening, 10 yr. down 4 bips. Crypto trying to bounce along with the SM futures improving.
The Walsh headline fading into the distance.
