Loading ...Check Gold in Yen…looks like u need to learn Japanese.
Likely Support for Gold
From my chart Guru…..
$4400
I hope not but he seems to call it right most of the time….
Dog
Oil going to be heading higher. All oil infrastructure now a target.
Major Escalation: Iran Vows To Strike Energy Infrastructure “Previously Thought Safe” After South Pars Attack
IMHO
NOTHING has changed as far as structural imbalances, massive deficits, shortages of the metals etc…. The scum are pushing the PERCEPTION that things have changed, and that Gold and Silver are in no way a safe haven asset! We’ve seen this playbook countless times!
Yes, short term pain. But I firmly believe that we go a lot higher from here…… FWIW.
If the PM shares do have a tendency to lead the metals, I’ll be watching to see if the shares start to wash out here, recalibrate, and hopefully start to recover. WASH, RINSE, REPEAT! I feel like we’ve all seen this movie a thousand times before!
Ouch, I guess they didn’t like the PPI numbers
No cut for you! Besides, we all know that inflation is bad for gold. I mean, after all, we just spent the last couple of years going up with inflation. OTOH, maybe we went up because Trump was elected and they thought he would tame inflation?
I don’t know, just so confusing to own pm’s. Normally I would like this action before a Fed announcement and would hope for a reversal after the announcement. But now that inflation is a factor, then I guess we’re screwed.
So now we have high inflation with slowing growth, which in the old days they would call stagflation. At a billion a day for the war, I’d think the Fed would have to start making some computer entry money to fund it. Someone will tell us that doesn’t matter though, the only thing that matters is whether the dollar and rates go up because of high inflation.
But wouldn’t computer entry money be even more inflationary and therefore weaken the dollar you ask?
Nope, the only thing that matters to pm’s is whether the dollar goes up and rates go down. High inflation = strong dollar. I must be stupid, stupid, stupid.
OTOH, you know who is more stupid than me? The president of the United States, because he started a war that is going to destroy everything he spent working on economically for the last year.
I suppose could take my gold to another country whose currency is falling against the dollar and gold and start buying some assets. I bet Mexico is getting cheaper these days! 🙂
Deer
Might get there today after woodshed team have finished.
Dog
Ipso 19:34
I did some looking things up not being familiar with the language and possible out of US investment probably not enough info. I found theres other pipelines around there including Turkey. Also that it can only supply a small portion of what if going through the Strait of Hormuz.
Yep they’re being targeted and not the first time.
+5
Yes, the Saudi Arabian oil infrastructure connected to the Port of Yanbu on the Red Sea, including the East-West Pipeline (Petroline) and associated facilities,
has been targeted by attacks on multiple occasions.
Based on reports and incidents as of March 2026:
- Elevated Threat (March 2026): Security consultants highlighted an “elevated” risk of attacks on Yanbu, including potential threats from sea drones, aerial drones, and missiles during a period when the pipeline was handling diverted oil from the crisis in the Strait of Hormuz.
- Previous Incidents: The region, including the Port of Yanbu, has faced previous threats from Houthi militants in Yemen using drones and missiles.
- Infrastructure Importance: The East-West pipeline transports crude oil from Abqaiq on the eastern coast to Yanbu on the Red Sea, allowing tankers to bypass the Strait of Hormuz.
- 2019 Pipeline Attack: In 2019, drone attacks targeted Saudi oil pumping stations along the East-West pipeline.
The Maritime Executive +4
These attacks are part of wider regional hostilities designed to disrupt Saudi oil exports.
not an expert
on TA by any means, but looking at a Gold chart ( sorry I’m not posting this; Still haven’t figured it out), but looks like a potential inverted right shoulder ( inverted left shoulder @$4780 made on January 21) could be @$4780????
Silver strengthening a little
Not sure why but despite the paper games on the Crimex, Shanghai refuses to sell silver below $90.
Gold, of course, just below $5K. We’ll see if it finishes below. I’m hopeful it won’t.
Dollar flat, rates down a couple bips to 4.179%. Oil down 1.5%
It’s all about the Fed today, I suspect we’ll be flat to down until then.
SNG
I made it very clear before and in that last post, antisemitic posts of the crackpot kind will not be tolerated……as I keep saying this site is to discuss PM’s and the markets.
I don’t earn anything from this site, it costs me money and time , which I am happy to provide, especially in memory of the the people who set this site up before and the enjoyment I have had on it…..I can’t remember you offering to do anything ….
I cancelled a previous post of yours on the same subject and asked you not to post anymore, yet here you are just a short while later posting basically the same and then instead of an apology, you seem outraged ……your sense of entitlement is ridiculous.
Fed chair last meeting before retiring expected to keep rates unchanged.
Rising gas prices could slow the economy, cause stagflation.
Federal Reserve could signal no interest rate cuts this year in wake of Iran war https://share.google/zwtgMXJfYVgXMbCx8
Sng
We probably should stay off this subject and this will be my last post on it but it’s hard not to because of what’s going on, if it gets bad enough stocks aren’t going to matter. It’s not about being prevented to say what you think it’s about where you speak it. The Craig video.
Trump is going neo full speed ahead on all the things that were conspiring against us for awhile now. Did a 160 on peace. Why did they target a school? Does this reflect the opinion of the Republicans want for accountability while having none themselves???
I just hope all roads don’t lead back to demos, there still is a difference.
I have to think of the alternative. Iran wasn’t sitting there doing nothing all this time They were the enabling source in the attack on Israel citizens. They fund terrorists. Do I believe Bibi knew about it though, pretty much for what ever that’s worth.
There’s a agenda by the Muslims to infiltrate and over throw all nations and religions from within using wokeism like Islamaphobia and hate speech to silence people, which under free speech should be a non issue especially when speaking facts or not holding them accountable for not abiding by the laws making them a enemy within in some countries. The agenda by the WEF, communism, net zero destroying jobs and agriculture is all being blown apart.
Still we have no accountability with the Epstein crimes, Covid accountability, and enough information to shut those bioweapon shots off. Chemtrails still going on.
The greed, spending other people’s money to infinity now with money they don’t have leading to mass inflation making it impossible for people to make ends meet yet alone plan a future. Then who’s idea was it to replace their jobs with robots. Maybe in the comments of that video where as one pointed out about chemtrails they think of us like spraying cockroaches lol Why does that one always get ignored?