Loading ...Trump is just lying again … Iran has far more resolve and missiles than the US, NATO … anybody.
We will see … all I can say now is expect volatility … as the markets separate the fact from fiction.
Algos don’t put gas in your car.
Spit
Maddog @ 15:33
Hard to know what the truth really is. It all could be a ploy to protect Trump politically.
Cheers
Captain Hook
I ‘ll have a friendly bet the war will not be that long…something big just happened…..everything is unwinding…..
Ipsofacto
Re Israel Oil fields…….If I remember correctly Tousi nTV was saying both the US and Israel hit the Oil installations….I find it very hard to imagine Israel acted without consultation…as such a move would have a huge impact…..The Daily Mail…..is a click bait paper, they also hate Trump.
Buygold @ 14:00
I find it hard to disagree with you so I’m not gonna try! 
Nice turnaround for the shares!
Silver gets going
Good to see. Shares firming a little. Tech has turned.
Hopefully gold can turn as well.
Plat and Pall having a strong day.
Captain almost seems to me we’ve been authoritarian since Obama was President. Useless, corrupt, Congress no help to we the people.
Bill tells you why …
… this is going to be a longer war than most think …
MiSSioN ACCoMPLiSHeD? | ZeroHedge
This will finish The Donald short of going full blown authoritarian. (forget elections – who needs them)
He’s (they are) testing that thinking now.
Spit
Ipso – Trump furious LOL
Do you think any other ally would have done that against his wishes or without coordinating with him?
Do you think they respect him at all?
I don’t think even a little, he has always been a means to an end for them.
I think Israel afterwards would rather have a failed state in Iran rather than a functioning government
Trump furious at Israel for destroying Iran oil fields as crude surges and planned summit collapses
Donald Trump is furious after Israel targeted Iran’s oil depots in a blitz that shocked the White House amid soaring oil prices.
A planned summit between the US and Israel was scrapped on Monday in the first open disagreement between the allies since the war broke out.
Thirty Iranian fuel depots were obliterated over the weekend with apocalyptic images showing fires leaping into the sky, huge columns of smoke, and black oily rain falling from the sky.
Plunge Protection Team
IMHO, has their fingerprints all over today’s action…….the ponzi game needs to keep going.
Ive been lightly buying on dips for the past several months, but I’m going to hold off and start to buy again once I see upward recoveries start in earnest……FWIW
ferrett
Re brain tumours
There is a knew technique, that uses vaccination/injections…I know someone who used it…..he was one of six, the only one to survive and shrink the tumours to zero …no invasive surgery…he didn’t feel great, but he is sill with us 5 or more years later and doing fine……
If u ever need to know more just ask.
Captain – agree
did a little nibbling around the shares a couple of hours ago.
These guys are going to bring the SM back if they can get oil to flat.
If that does happen, even the miners might catch a bid.
I guess we’ll know in a little while whether we have it right or not.
Oil now a $94 handle
The power of paper. Imagine how much it took to manage this turn.
We need silver to step it up here and drag gold with it.
Poll Results
Was the US attack on Iran the right thing to do?
No (52%, 16 Votes)
Yes (32%, 10 Votes)
I don’t know (16%, 5 Votes)
Total Voters: 31
drb2 @ 10:37
The commies in DC have done an exceptional job of dumbing down the public … that said … because of the increasing existential threat DC is becoming … droves of people are waking up now … and this will spill over into the markets as things unfold …
Looks like a great time to buy to me …
Chuckle
Buygold @ 11:19
It’s a giant can of worms and I guess only time will tell us if it was all worth it or not. Everything’s crossed!
Oil back to $98.50
almost $20 off the highs last night. Pretty strong reversal.
Dollar slowly sliding, 10 yr. now down 1 bip.
Can we reverse course today for a couple of days too?
Wow Ipso
Seriously profound and true statement. I’m pretty sure it’s where Trump finds himself very soon, if he hasn’t already had the realization. I suspect he’ll be asking the question, “but you guys told me we could get it done in 3-4 weeks”.
W. Churchill
Hunter Stires
@HunterStires
Wisdom from Winston Churchill: “Never, never, never believe any war will be smooth and easy, or that any one who embarks on that strange voyage can measure the tides and hurricanes he will encounter. The Statesman who yields to war fever must realise that once the signal is given, he is no longer the master of policy but the slave of unforeseeable and uncontrollable events.”
President’s working group?
Mentioned oil, was up 27% at one point last night, now up 11%.
The dollar is starting to soften, rates have come back to flat after being up nearly 5 bips.
SM slowly getting better.
Intervention or too much fear?
Does silver have a chance to buck the trend?
I have no idea, but what I do know is that last night in Shanghai they opened the am fix at $93. Apparently, that was a bit of a bargain because they closed the pm fix back above $96.
Wondering if this might be why silver isn’t down $3-4 right now on Crimex.
As Captain’s headline suggests, maybe retailers are panicking out while pro’s are calmly buying. You guys know I’m always the optimist. 🤔
Gold, while sucking, has still managed to hold the line at $5k during the tumult of war and sell offs. Can this continue?
Shares are in trouble as long as oil continues to rise IMHO. I see that the U.S. has actually thrown enough paper at oil to bring it down from the highs. Is it possible that we saw a blowoff top last night in the short term and oil got ahead of itself? I hope so.
@ Capt. Hook RE: PSLV trading at discount
I wonder how high the discount needs to be before this will happen? ….10%? ….15%?
—————————————————————
Hey Copilot
the Sprott fund PSLV is trading at a discount to the spot price of silver.
Will Sprott allow holders to convert shares for physical?
Short answer: Yes — PSLV does allow physical redemption, but only under specific conditions, and not for small holders.
Here’s the clear breakdown so you can see exactly how it works and whether the current discount to NAV matters.
🔍 Does PSLV allow conversion of shares into physical silver?
Yes. The Sprott Physical Silver Trust (PSLV) is specifically structured to permit unitholders to redeem units for physical silver, but only if they meet the trust’s minimum redemption size and follow the formal redemption process.
This is part of the trust’s design: PSLV holds fully allocated London Good Delivery bars, and the prospectus explicitly includes a physical redemption mechanism.
📦 Minimum redemption size (important!)
PSLV does not allow small retail holders to redeem a few thousand dollars’ worth of units. Redemption requires a large minimum amount of units, typically corresponding to a full LGD bar (≈1,000 oz of silver).
This means:
- You must hold enough PSLV units to equal the silver content of at least one bar.
- You must submit a redemption request through the trustee and follow the required timeline and documentation.
(The exact unit threshold is defined in the prospectus and depends on NAV and bar sizes.)
💡 Does the current discount to spot affect redemption?
No — the discount or premium of PSLV on the exchange does not change the trust’s redemption rules. If you meet the minimum redemption size, you can redeem at NAV, not at the market price.
This is why institutional or large holders sometimes arbitrage PSLV when it trades at a discount.
📝 Practical implications for you
If you’re a typical retail investor:
- You cannot redeem for physical unless you hold a very large position.
- You can still benefit from the discount if you believe the market price will converge toward NAV.
If you’re a large holder:
- You can redeem for physical bars directly from the trust.
- You must follow the formal redemption process outlined in the prospectus
Around and Around She Goes
Clash Report
@clashreport
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3h
BREAKING: U.S. Navy reportedly strikes three Iranian vessels, believed to be oil tankers, in the Persian Gulf.