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This maybe engineered by Dems/Globalists …I have noticed they have smashed the SM O/N a number of times, ystdy was one…then the US comes in a buys it all back up…..

U can only sell the SM if u think this Iran war will fail, or yr desperate for Trump to fail….for if it works, u have peace in the ME a new country with 90 million, that needs bringing back up from the stone age, that has all the raw materials u need, it just needs infrastructure with 10 million expats many of whom are seriously wealthy , ready to come back and help out…..ie the business opportunities for the US are monstrous, particularly as the people just love the US for freeing them…..

A strong Dollar is to be expected, when the world sees just how useless and yellow the Europeans are….

This is the 24 hr S&P chart….notice how many spike lows it has and then closes way up .

How far do we fall and for how long….. or do we not fall far at all and trade sideways for a while albeit in a large range…that would be the most bullish.

The most bearish is we keep dropping…..either way the shorts will be happy…..for a while.

storm this morning.

Supposedly the largest private credit fund ( Blackstone) has been hit with record redemptions, and the Korean markets are in tatters.

And I guess the logical thing to do is to sell Gold and Silver, and buy the $US.

The world has gone mad!

Then again, when have pm’s ever been a flight to safety? Never.

The SM is getting hammered for 2%, so pm shares get crushed for 6%. It all makes total sense with gold down less than 1%, but still above $5200 and silver down another $5, but still at $85. Beat the life out of the shares because the SM is down.

Oil up another 5+% above $75 (also bad for miners).

Bitcoin coming to its senses down $2200 or 3%.

Sell your assets folks, buy USD’s because they’re so safe.

This will blow Trump’s highly touted economy to bits if oil keeps going and the SM falling. Nice work.

everything reversed in the last half hour. Must be taking out the war premium.

Shanghai buckled in the am fix dropping their silver price back $5 to $102 – no doubt they’ll buckle to the paper markets once again in the pm fix.

Nobody has any idea what the real price of silver should be.

This war is going to last for awhile IMHO. This is what Trump campaigned against for the last 10 years but just couldn’t resist Lindsay Graham and the neocons. I hope not, but hope stinks eternal.

edit: Yup, Shanghai dropped their am fix another $6 to $96. Well crap, maybe US paper price rules. Dollar, rates and oil soaring while everything else tanks – including Bitcoin.

Rocky Mountaineering
https://www.railpictures.net/photo/893740/

Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran’s response, according to three industry sources and Reuters.

Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows.

Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the disruption lasts.

into the close. Solid.

I guess now we’ll see what they do with silver. At least back to $90

I agree. The paper futures market is just a sham, a pale reflection of the real thing.

Well … today’s loss in the PM shares has been cut way back, just an opportunity for people to lose their positions, while other hands take them.

This lady sounds like she knows what she’s talking about.

https://x.com/mrwhiplash_/status/2025339323147551126?s=42&t=IQgRcdFd6yA2GQvrJdrgAQ

If there’s a paper market that doesn’t allow you to take delivery of the underlying product, how is that a market at all, much less a pricing mechanism for the world. Why would anyone trade based on it’s price, especially the miners.

At some point it will just fade away.

Israel Deploys ‘Iron Beam’ Laser Defense System for the First Time Ever — Ambassador Mike Huckabee Praises Game-Changing Innovation

https://finance.yahoo.com/news/u-goldmining-announces-positive-preliminary-113000149.html

Took a big pop on the release. Wish I owned it

https://stockcharts.com/sc3/ui/?s=USGO

The Chinese have been closing down some access to silver for the common folk. There’s not enough there either. I don’t know how the crimex price differential keeps existing. Seems like the arbitrageurs would be going wild!

From DuckDuckGo AI … You won’t see those ounces again!

Each Tomahawk missile is reported to contain approximately 500 ounces of silver, although the exact amount is not publicly confirmed due to military secrecy. Silver is used in various components, including high-energy-density batteries and circuit boards.

……..today ( and volatile times of war) can have a tendency to dramatically increase the flow of money from one part of the world to another ( Middle East/Asian investors shifting into currencies that may be the least stinky of the lot, i.e. the $US)

Squeeze the dollar and watch the metals get smacked! Algorithms have a field day….

Yeah, this is a we’re still in control, statement. For good measure, they’re sending Bitcoin up 5%.

I still don’t see how the price differential with Shanghai gets resolved if Crimex doesn’t have the metal.

Buygold … I think your “sell the news” theory is as correct as anything … of course with some of the usual suspects with their thumb on the scale …

at 15.30 Abu Dhabi time. And UAE announced flights two hours later. Both for evacuation purposes, not a return to normality, but you’d have to think that they were fairly confident about lack of incoming missiles or drones to do that. I guess the flight paths avoided Kuwait!

wandered to their site to see what premiums were like. There are no prices listed. First time I’ve ever seen that.

Hope they’re still in business. Maybe somebody came in and bought all their inventory. 🙂

Silver Bullion Coins and Bars: Best Prices & Free Shipping

So much for the Crimex collapse in March, they took care of that when they shut the market down and closed 37K contracts.

So, what does Shanghai do? Do they drop their prices to meet the west’s paper price? That’s been the M.O., but we’ll see.

We were due for a correction anyway.

edit: Just noticed they’re turning the SM back up too. That’s normal for wartime as well.

fulfilling an ancient Chinese curse .

Good call on Gold/Silver…the chart says we could go back into the 80’s

Early days but we have signs that Iran is running low on Missiles….they are no longer launching at anywhere near the same rate……

Would not surprise me if we don’t see a lot of serious reversals by days end……Oil will be the key.