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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.

Looks like the long gold, short other metals spread is active today. This usually indicates a strong move ahead. Margins are usually less allowing huge positions.

This is feeling like a “sell the news” day. Dollar is up a percent and rates back to 4%. Shares slipping. It looks like they’re going to sell the SM open. Oil can go up on this but not a flight to safety with gold.

This is how they’ve always done things on war news before.

There’ still a $14 discrepancy between Crimex and Shanghai, I’m not sure how that gets resolved.

I’m guessing your wave count is right as long as we’re contending with the stronger dollar.

Geiger Capital
@Geiger_Capital
Stan Druckenmiller’s current positions:

– LONG Korea + Japan (+ Brazil)
– LONG Copper (AI + tight supply)
– LONG Gold (geopolitics)
– SHORT Bonds

Portfolio is no longer “AI-driven”. He’s bearish on the Dollar but bullish on the US economy with disinflationary growth.

https://x.com/Geiger_Capital/status/2027483003400687895

Bai, Xiaojun
@oriental_ghost
According to the China Finance and Economics Association, due to the rapid rise in the prices, many physical gold sales stores across China have stopped selling investment gold bars, and only craft gold bars are sold at ￥1400/g, equivalent to $6329/oz.

https://x.com/oriental_ghost/status/2028384257388024190

https://x.com/JavierBlas/status/2028383784962236675

Rand Group
@cryptorand
·
18h
🛢️ OIL CRISIS IMPACT – Hormuz dependency by country:

🇯🇵 Japan: 72%
🇰🇷 South Korea: 65%
🇮🇳 India: 50%
🇨🇳 China: 50%
🇪🇺 Europe (Avg): 18%
🇺🇸 United States: 2%

https://x.com/cryptorand/status/2028184747885949231

If they want Gold up, then this is a great excuse….but there is a war premium building….it may not fall too far…..TA, has a possible C wave down to come still….seen better on Silver and Plat…

That we are still around/above Hi’s is great…..the Hi’s no longer look like spike Hi’s.

Good for pm shares at the moment too. Shanghai didn’t back off on the pm fix, moved it up to $107.31.

Still not good for the SM, which makes the move higher in the shares that much sweeter. Hopefully they hold up after NY opens.

aufever mentioned the dollar turning up, oil is up 7%, Bitcoin is still up, but only $400 and slowly fading

I hope Iran is getting to the point where they’ve had enough, but I also know Trump said this could go 4 weeks. It’s so early it’s hard to even guess where all this leads.

$5400 is where one of the banks said gold will have trouble, it might have been Goldman. I guess we’ll find out, since we’re sitting right on top of it today.

Reckon yr right….The Israeli’s and US have almost if not total air superiority, with maybe hundreds of fighter bombers in the air…as soon as the Iranians launch, if not before they will get hit…they must be very low on launchers by now…if not operators….as by now it must be close to instant death.

One thing I noticed was the huge numbers of Tankers the US brought over, they obviously intend to have huge numbers of aircraft up, so they can hit targets immediately.

They’re running out of missiles/drones. Much of the “Israeli” attacks have been aimed at missile launch sites. The elite really need to be looking at their escape options, rather than a noose.

they were going up every 5 minutes.

Saudis say no real damage…but refinery closed and pictures show big fire…it is Saudi’s largest……also attack may have been by Houti’s, not Iran and not clear if Drones or Missile…..

MBS is demanding Stihls latest catalogue to buy a larger chain saw.

Re Pakistan

Not sure …..could be Modi sees a chance to spank Pakistan…he hates muzzies…or report maybe over reaction, as they are always facing off on that border.

Go for a ’spin’ on America’s
Shortest tourist route.
https://www.railpictures.net/photo/893548/

Pilot ejected and only minor injuries.

Gold up more than 2.5%, over 5400, and DXY has shot up to the highest it’s been in over a month.
That’s interesting.
Silver 95+

What do they consider the will of Allah to be in this interaction?

Apparently no one is nominating to replace him.