You are very correct about Comex Gold and Silver … the bankers are digging in here in an effort to keep silver under $100 and gold under $5,000 … with Open Interest (OI) in both exploding upward.

Metals Daily Exchange Volume & Open Interest – CME Group

Usually this signals a top is approaching … and seasonals would support such an outcome … but these are not normal times.

The wrong news comes out and we could see a commercial squeeze this time.

Not to mention OI in both gold and silver are nowhere near historically significant levels.

Yippie yi yo ki yay … chuckle

“taking stuff out”

LOL 🙂 That’s a great thought. Very optimistic! I hope you are right!

Yeah war with Iran is a big can of worms. Seems like the mullahs are going to fall without our help. On the other hand it seems like they have weathered this storm. I dunno

Oil has been pretty well behaved lately. If the straits are closed by Iran then that would surprise everyone!

Who does that? I guess it’s better than popping at the open only to be sold down all day like we saw for the better part of 20 years.

Still, it makes absolutely no sense that anyone would be selling shares with the metals rocking at the open. Approved scum stocks like RIO and BHP don’t sell off like that.

Re China Iran

They might be taking stuff out….loads of flights have gone to Moscow, taking stuff out as they abandon the joint…..

I would be astounded if China was to step up, considering the state of the population…..if they don’t overthrow the regime, the population will down tools and it will become a 3 rd world shiitehole.

That’s interesting. I wonder if that’s why oil is up over $1.50 and back above $60.

I really hope Trump doesn’t intend to start a war with Iran. I hope this is a test to see how China would respond. Now they know.

…. and your tax dollars are paying for all of it … these NGO’s get their money from DC … Daddy Commie …

The color-revolution risk assessment we delivered to readers in August 2025 has since seen a timeline that has been accelerated, with Democratic Party-aligned dark-money funded NGOs, left-wing militant groups, and anti-Trump labor unions leveraging Minneapolis as a testbed for coordinated socialist resistance activity, including strike actions, boycotts, and engineered social unrest, all aimed at undermining President Trump’s legitimacy, authority, and governing capacity, with the end goal of regime change at the White House.

The assessment initially forecasted that selective resistance movements would begin to materialize in 2026, with mass resistance emerging in 2027-28 ahead of the presidential election. That timeline has since accelerated, as Marxist NGOs and unions are funneling personnel and resources into Minneapolis to fuel social unrest, with the hopes of impeding the federal government’s deportation operations targeting criminal illegal aliens. Remember, these illegals are either the Democratic Party’s current voting bloc or future voting bloc.

The Kobeissi Letter
@KobeissiLetter
Liquidity in Japan’s government bond market is collapsing:

The JGB Liquidity Index jumped to 9.5 points on Tuesday, indicating the worst liquidity conditions on record.

This index has DOUBLED over the last 12 months.

Conditions in the $7.6 trillion bond market have deteriorated materially since 2022, as bond yields have experienced one of the most dramatic increases in history.

This comes as the Bank of Japan has significantly reduced its bond purchases, while Japanese life insurers have sold a record amount.

Meanwhile, foreign investors now reflect ~65% of monthly cash bond transactions, up from just 12% in 2009.

These investors have much shorter holding periods than traditional domestic buyers, increasing volatility.

Japan’s bond market is on the edge of a full-blown liquidity crisis.

https://x.com/KobeissiLetter/status/2014404948667334780

WAR
@warsurveillance
BREAKING 🇮🇷🇨🇳

In just 56 hours, 16 Chinese military transport aircraft have landed in Iran marking the largest Chinese airlift to the country in such a short timeframe.

China is openly backing Iran.
What are they preparing for? The world can only speculate. 👀✈️

https://x.com/warsurveillance/status/2014257296256401621

Does silver top $100 today? Unreal.

Crimex has set their sights on gold, maybe they figure that if they take out gold, silver will follow.

Good call on plat, you’ve been on it for a while. I think RNO bought some too back around $1300.

PM shares firming in pre market.

Can feel that we’re about at the point where buyers are starting to line up. I’m sure a lot of them have been waiting for the dip that never materializes for more than a day.

Re Iran

remember the Israeli’s took out most of their senior people and way further down the line and there is no way they have replaced them, let alone with experience…..reports from inside say foreign troops are doing the dirty work.

At least in silver, as it is pushing within a few pennies of $99. Gold still down $12 but improving and firmly above $4900 at $4925.

How will the Crimex handle the two hot potatoes?

whether them or the LBMA, they’ve managed to turn gold south for nearly $30, trying to hold $4900. Silver is still up $1.75 and hanging onto $98, but they’ve bled half the gains out of it as well.

PM shares are mixed but mostly up from what I watch. What’s interesting is that the big ETF’s GDX and GDXJ are being pushed down more than their components.

Dollar is flat. Rates flat. Bitcoin flat. Oil down. SM down slightly.

Looks like their intent is to keep things tame going into the weekend if they can. Although it’s going to take some work to get silver down. Shanghai pm fix was $111.40.

We wait for $5K until next week.

Wow.

In the gym..

A few shameless girls showing off for the camera.

Besides earnings coming up now we know what made this spectacular move. I hope the citizens just get out of harns way.

With the bombing raid there was nothing the Iranians could do. But the navy is a different matter. And Saddam, who did not have WMD or ballistic missiles, was a secular leader. If the mullahs truly believe their own mantras, then going out in a blaze of glory against the great satan will be preferable to exile.

Re Armada …it looks like he is building up a force that will terrify the the Regime, it is apparently as big or bigger than the one used in the Iraq war, minus the Tanks.

There is massive unrest in the country, only being kept partially under control by serious brutality…..the Guess is he will give the Regime one last chance to get out, or take ’em down…the fear is they may try to unleash everything onto Israel and US assets , to over come their missile defences in one final attack…..whatever happens the Regime is finished…..

Hopefully they see sense….

So now we face the prospect of Au $ 5000 Ag $ 100.00 at the same time..

Maybe silver will get to $100 before gold gets to $5K. It’s ripping $98+

What a beautiful sight!