Was the US attack on Iran the right thing to do?
Total Voters: 31
Loading ...SM futures getting hammered. Oil up 13+% above $104. Bitcoin and silver down 2%. Gold down $30. Expect all to get worse as the night rolls on.
Longer term gold and silver will shine and will be a saving grace. Gold and silver stocks are toast for a while.
Fever pitch for ground troops, Carolyn Leavitt mentioned a draft on FOX with Maria.
Congratulations to the neocons are in order.
He presented lots of unnecessary BS to keep you distracted from what he is selling, which I guess is supposed to be his SilverBitz….but never one word about the actual content or purity of a SilverBitz..like is this actually a pure 1/10th ounce silver coin/token that will assay .999 pure silver….or is SilverBitz a patented name made of who knows what with maybe a “silver coating over a steel center”? of who knows what.
To be honest, I agree with almost all that he says about what is coming in our present and future world, and what has happened in the past, but to me that is just a magicians trick, a distraction of knowledge to keep you/me from thinking about the quality or content of his SilverBitz?
And when there appears to be not nearly enough silver in the world to fill existing orders and contracts of manufacturers who require it for their products, Silver Dave is going to be cranking out a million SilverBitz a week once his factory is completed. Where can he find enough silver to do this when others can’t find any?
I was never good at math but my mind is not able to make all that he says add up….and I really hope I’m just paranoid and totally out to lunch…and it would be very easy for him to correct my doubting mind by simply stating the actual content and assay of his SilverBitz. All FWIW and IMO from SNG!
edit: in case some missed the video in question.
By Alasdair Macleod
GoldMoney, Toronto
Friday, March 6, 2026
ICBC and Agricultural Bank of China have run out of investment gold bars. And silver premiums over London spot are 13%. Comex silver contract is sinking into irrelevance.
Last weekend, the US and Israel attacked Iran and the week’s news was dominated by another Middle East war. Markets’ gut reaction was to mark down investment assets and mark up dollars. Consequently, in the confusion gold and silver declined on the week as the dollar rallied. In European trade this morning gold was $5090, down $230 from last Friday’s close, and silver at $82.70 was down $11 over the same timescale. Turnover on Comex in both contracts remained very low.
Meanwhile, premiums for silver in Shanghai held in the 12%—14% band. Given that silver imported into China bears 13% VAT and the cost of delivering from London or New York adds an extra 2%, this price difference is not enough to trigger an arbitrage. Nonetheless, silver is still being drained from all vaults, China’s included.
The delivery situation on Comex is dire, with the equivalent of only 16,250 silver contracts registered for delivery. Compare this with the 6,466 contracts delivered in the March contract to date. The March contract is still being bought with the obvious intention of standing for delivery, as is the April contract which can be delivered from the last week in March onwards.
Comex silver is the most oversold it has been in over 20 years, with open interest on Wednesday at 112,794 contracts. This means that speculative activity is the lowest it’s ever been, discouraged by shorts not willing to sell any more contracts by widening their spreads. This is reflected in the next chart:
With over nine times paper liabilities compared with deliverable silver which is also rapidly declining, this Comex contract is heading for trouble. Registered for delivery silver is being withdrawn along with eligible. Since the silver crisis in London on 9th October last, 175 million ounces have gone from Comex vaults, presumably to London where lease rates have remained elevated.
To summarise the position, paper silver in all markets is being encashed for physical, despite the fall in prices since 29th January when silver peaked at over $120. And with China being more of a physical delivery market, Comex and London paper contracts are declining into irrelevance.
Meanwhile, gold marches on with demand ranging from central banks to retail buyers and remaining strong despite the volatility. Yesterday, it transpired that two of China’s largest banks, ICBC and the Agricultural Bank have run out of investment bars. Additionally, we can assume that there is strong demand for gold accumulation accounts at all Chinese retail banks with household savings running at an additional annual $5—$6 trillion equivalent and mirroring public demand for investment bars.
As with silver, there is minimal speculative interest in gold, with Comex’s open interest at the lowest levels since the covid pandemic:
It is remarkable that despite gold being in a strong bull market that speculative interest is so low, particularly when most of the major banks expect higher prices by the yearend. For now, hedge funds pair trading would sell paper gold short to buy dollars, which will lead to a short squeeze later.
The logarithmic chart demonstrates the underlying strength of gold’s uptrend despite short-term dollar demand:
As noted above, the market’s gut reaction to a new war on Iran is to presume that safety is to be found in cash dollars. Accordingly, the US$ trade weighted index has been marked higher against other currencies, shown next:
Most important of all, the blockade of Hormuz is driving energy prices skywards, as the oil chart shows:
Far from Iran rapidly admitting defeat, it is becoming obvious that this conflict will last some time. That being the case, we can expect yet higher oil and LNG prices and investor’s attention turning to the unexpected consequences for inflation later this year. Hopes of lower interest rates are vanishing and beginning to destabilise bond and equity markets, leading to a dash for cash.
It is worth recalling the move to higher interest rates and bond yields which followed Russia’s invasion of Ukraine and sanctions against Russian oil and gas. This is almost certain to happen again with even greater consequences, in which case bond yields will soar again and financial bubbles will be bursting everywhere.
In that event, any attempt to mark down gold and silver will be manna from heaven for stackers. Both metals are already in high demand, particularly in China, which cannot be satisfied.
A word to the wise: if gold and silver are marked down, stack, stack, and stack again!
It Begins: Iranian Drone Strikes Bahrain Desalination Plant As Worst-Case Scenario Unfolds
From data centers in the Gulf area to water desalination plants, the worst-case scenario is now unfolding in the Middle East conflict, with no boundaries regarding civilian infrastructure.
We warned earlier last week, after correctly predicting that data centers would be targeted, that water desalination plants would be next (see the previous update).
Al Jazeera reports that after Iranian Foreign Minister Seyed Abbas Araghchi claimed the US targeted a water desalination plant in Iran, an IRGC kamikaze drone then targeted a desalination plant in Bahrain.
https://www.zerohedge.com/military/iran-foreign-minister-claims-us-attacked-desalination-plant
The Rediscovery of America’s Constitutional Money Laws: Stablecoins, Silver’s Surging Price, and Trimetallism
By Christopher Guzelian
Associate Professor of Finance and Economics
Texas State University, San Marcos, Texas
Sunday, March 8, 2026
The lesson is that gold as a monetary backstop must be considered in ratio with other things’ market value—including “lesser” precious metals like silver and copper, as the Founders legislated. Perhaps modern economists will return to the Founders’ wisdom that precious metal moneys carry special intrinsic value. Trimetallism—a new mass issuance of gold, silver, and copper Dollars by the U.S. Mint (or Congressionally deputized private mints) at significantly higher spot prices than present—may well do more to rescue Americans from monetary instability than stablecoins backed by the very inflationary instruments that created the problem in the first place.
Pretty tough to defeat a country of 93 million people with just airstrikes. Better hope the Iranians are forming some strong opposition to the regime. Regardless, 3-4 weeks will turn into 3-4 months and probably further. So much for the idea of “bringing our troops home from the region.” Another war for the bankers.
Intel report also poured cold water on idea that Iran’s opposition could quickly fill any power vacuum.
According to ZH insurers are on the hook with 35% of their US assets being pvt credit (I can only read the first three lines of the article). I guess that’s not unexpected, after a couple of disasters like the Californian fires they’ll be chasing (apparent/promised) yield as much as anyone. I wonder if that includes health insurers?
I suspect “private credit” is going to be the same as all the AAA CDSs from 2007. No-one knows who or where all the risk is sitting through much rehypothecation, bundling, reselling etc. As Buffet said, we’ll have to wait for the tide to go out. And the tide always goes out before a tsunami …….
Popcorn, please.
Thanks for elaborating on that … exactly … he’s an honest … hard working expert that does a good job for his customers.
Exactly … thanks.
You da Mensch
They will do and say anything to make money for themselves and then hand you the bill when everything blows up their most recent crony capitalism …
CRONY CAPITALISM is the how these commies like it.
Me … I like little bitz of silver in my pocket.
Chuckle … snort
From News Service of Florida
via WTVJ-TV6, Miami
Friday, March 6, 2026
A bill that enacts prior approval to make gold and silver coins legal tender in Florida is headed to Gov. Ron DeSantis.
With little comment, the Senate today voted 31-1 on the measure (HB 1311) that puts into state law rules for gold and silver coins that have been adopted by the Department of Financial Services and the Office of Financial Regulation.
If The Donald keeps spending like he is currently … this looks like a certainty.
Chuckle
Image Credit: vecteezy.com
By Stan Szymanski
Yesterday, Boaz Weinstein of Saba Capital Management, said the weight of the impact of Blue Owl Capital Inc.’s (OWL) private credit funds illiquidity may be an early indicator of vulnerability and weakness in the significant $1.8T market:
…’“All you need is the snowball to start going down the hill and it started. Blue Owl is right in the middle of that,” Weinstein said at an industry conference in Miami Beach, Florida, Bloomberg reported. “I think we are in the super-early innings of the wheels coming off the car.” (Seeking Alpha 2/24/26)
Weinsteins’ comments come after Blue Owl permanently blocked withdrawals from a $1.6 Billion private credit vehicle and sold $1.4B in loans to pension funds. Blue Owl also sold loans to its own insurance company, feeding new worries about risks concerning liquidity in this part of the ‘alternatives’ market.
People might tend to think that ‘Private Equity’ is just for the wealthy that frequent the Hamptons on vacation. This type of ‘alternative’ investment has recently become much more mainstream than most people realize.
Just last year, President Trump signed an executive order opening the door for providers of 401(k) (and IRA) retirement plans to offer private equity investments to this large and lucrative market:
…’Private asset managers have been tantalized for years about the $29 trillion in Americans’ retirement accounts. Donald Trump just made it easier for them to get a slice.’…(Forbes 8/8/25)
In ‘Private Equity Firms Celebrate Trump’s Executive Order Giving Them The Keys To Retirement’ Forbes staff writer Hank Tucker points out that…
That’s our buddy The Donald hard at work.
Spit
Zelensky had been speaking to compatriots about the proposed €90 billion European funding package for Ukraine, and warned that a single EU leader should not block the measure, widely interpreted as meaning Viktor Orbán.
“We hope that in the European Union, one person will not block the 90 billion [euros]. Otherwise, we will give this person’s address to the armed forces, to our guys, let them call him and talk to him in their own language,” Zelensky said.
Actually he is ex-special forces … a gentleman … and a true patriot … and I would trust his silver before I would trust your’s based on that comment.
Try doing a little research before attacking somebody if you want to be taken seriously.
Spit
Arya – آریا
@AryJeay
The US attacked Iran’s freshwater desalination plants, on Qeshm Island.
The Deputy Security Governor of Hormozgan said that last night, the Americans committed a blatant and desperate crime by attacking one of the freshwater desalination plants on Qeshm Island.
Currently, water supply in 30 villages in the central parts, Hara, and Shahab of Qeshm are facing challenges.
Willem Middelkoop
@wmiddelkoop
·
48m
Evidence the COMEX exchange is losing huge amounts of physical gold reserves
Before 2020 it was mainly used from paper (futures) trading, making manipulation of prices very easily, with zero enforcing of maximum position limits
Source: Incrementum
It wouldn’t be logical for them to save up their top weapons for retribution. Every hour they lose missiles in storage and missile launchers; the longer they keep them the more likely that they’ll never use them. The whole war depended on Israeli intelligence as to the locations of everything (and everyone), as the US/Israel already knew their anti-missile capabilities – the big question must have been “how much damage are we likely to sustain before we manage to reduce their capabilities to a few drones”, which equates to “how good is our intelligence”.
Limited flights now operating from Qatar. Hormuz open by Monday?
some classify brass and lead as precious metals.
SWBI is my only non precious metal stock, I bought it back in 2021 and finally today I see a 17% break out. I guess they had a good profit report. S&W is sort of gold related, I’ve heard the phrase Guns and Gold. lol
That pricing job sounded like a lot of work. Back to the point though, more jobs will be replaced will come.
I get what you say about the entertainment sector and layers of jobs that should have to be there including tax dependent , but at the same time like in acting it cannot replace the personality or add libs, of real actors or writers. Both writers and comedians are now censored so they won’t offend somebody or to suppress some truth they don’t want getting out. But yet they can offend even more themselves with what they put out, like a man dressed in drag on a beer can. I can see it now a AL painting sitting next to a Rembrandt. Robot police officers and dogs scanning your digital ID. Life focused on antisocial isolation and extremely boring.
If I was to buy his stuff I would definitely have his silver checked to be sure of the quality and authenticity of what you are buying. It might look like silver….and it might shine like silver…but does it analyze like silver????? Does he only sell retail because his stuff won’t pass the “999” silver test? Just saying fwiw! DYODD! SNG
These shares can’t seem to get moving. OTOH higher energy prices will take a bite out of earnings, so I guess now we need $10k gold.
