Will massive US strike on Iran move metals?

carew4me

looks like a major offensive action is taking shape. Iran strike would def impact Oil.
Sometimes commodities in general get impacted. The problem is sometimes bullish (Venezuela) and most the time bearish (war panic)

pmh1nic

Things that have a chance to destabilize the economy usually trigger a rise in the metals. It will depend on the size of the attack and who else might get involved.

derryb

depends on the PM supply and demand currently coming out of Iran. Google is your friend.

TwoSides2aCoin

Yeah. Armament is metal.

rte592

Maybe the price of scrap steel would bring more than $0.02 a pound.

carew4me

🤔

JJM

No, this was baked in already, unless something goes awry

Shabu92

I guess we'll find out Monday when the markets open.

Higashiyama

It is possible that the US, Israeli actions will be stabilizing rather than destabilizing, at least in the mid to longer term.

derryb

depends on how many siver containing weapons were blown to oblivion

blitzdude

@derryb said:
depends on how many siver containg weapons were blown to oblivion

I'm sure they are all out rolling around in the sand as we speak trying to recover the precious little bits of gutter metal that we just blew to oblivion. On second thoughts, probably not. THKS!

derryb

a smart gutter man would have tucked in his tail by now and quietly ended his anti silver campaign

BLUEJAYWAY

@JJM said:
No, this was baked in already, unless something goes awry

Are you implying that the "ins"/
controllers of the market knew in advance of this action?

roadrunner

Yes......gap ups when trading opens up Sunday night overseas. Same thing when NY opens Monday morning.

derryb

AGQ

dcarr

If things go reasonably well for the enemies of Iran's current regime, that might result in a stronger dollar (and thus, lower metals prices). But that will take a while to play out.

The obvious path for gold would be to go up on Monday. But if I were to place a bet (which I am not), I would wager that gold spikes up a little at first, but then drops lower later in the day on Monday.

jmlanzaf

Any short term panic move would be purely psychological. This is not a war. Iran has no real ability to defend itself. It won't last long.

fathom

@jmlanzaf said:
Any short term panic move would be purely psychological. This is not a war. Iran has no real ability to defend itself. It won't last long.

Agree there is no real direct war. However Iranian weapons can create havoc in the region.

Overall, in regard to moving precious metals, the focus should continue to be on broader geopolitical instability, fiat currency printing and debt issues.

derryb

@jmlanzaf said:
Any short term panic move would be purely psychological. This is not a war. Iran has no real ability to defend itself. It won't last long.

it's an air war

blitzdude

@derryb said:

@jmlanzaf said:
Any short term panic move would be purely psychological. This is not a war. Iran has no real ability to defend itself. It won't last long.

it's an air war

Hostile attempted regime change. THKS!

derryb

@blitzdude said:

@derryb said:

@jmlanzaf said:
Any short term panic move would be purely psychological. This is not a war. Iran has no real ability to defend itself. It won't last long.

it's an air war

Hostile attempted regime change. THKS!

that too

BLUEJAYWAY

And no one knows what a new regime will look like. Better or worse.

carew4me

MLK: "The arc of the moral universe is long, but it bends toward justice."
Dr. Dre: "Oh, don't think I forgot, let you slide. 'Let me ride', just another homicide."

logger7

Gold pricing often follows oil up. I'd keep reading the Kitco and zero hedge commentaries as well as the comments.

Downtown1974

Guys, it doesn’t take boots on the ground, ICBMs or nuclear war heads anymore. We (including the U.S.) can be decimated with a simple key stroke. Energy grids, water treatment plants, pretty much all transportation and financial infrastructure….all can fall prey to professional hackers - and many countries big and seemingly insignificant have these capabilities.

MsMorrisine

kitco and zerohedge? omg lol

blitzdude

@MsMorrisine said:
kitco and zerohedge? omg lol

The number 1 and number 2 gutter pumpers (er manipulators?) by far. RGDS!

MsMorrisine

jmski52

kitco and zerohedge? omg lol

Sour grapes won't make silver go to $40. Get over it.

MsMorrisine

kito and zerohedge are permabulls

derryb

@MsMorrisine said:
kito and zerohedge are permabulls

that's because their analysis uses fundamentals

MsMorrisine

the fundamentals of china and india demand has it down tonight

dcarr

@MsMorrisine said:
the fundamentals of china and india demand has it down tonight

That was so 90 minutes ago.
Current spot is showing $95+ .

dcarr

@blitzdude said:

@MsMorrisine said:
kitco and zerohedge? omg lol

The number 1 and number 2 gutter pumpers (er manipulators?) by far. RGDS!

.

You try really hard, but you rank 3,788,755th on the list of most influential silver influencers.

.

toadstrangler

@dcarr said

.

You try really hard, but you rank 3,788,755th on the list of most influential silver influencers.

.

Too high.

jmski52

the fundamentals of china and india demand has it down tonight

I note that no fundamentals were cited or even referred to in this dumb remark.

blitzdude

Looks like it was just another nothingburger™. You would have been better off buying Oil and LNG. RGDS!

jmski52

Wasn't it just 1 week ago when I was told here on this forum that the Straits of Hormuz wouldn't be closed?

RedneckHB

@jmski52 said:
Wasn't it just 1 week ago when I was told here on this forum that the Straits of Hormuz wouldn't be closed?

Please let us know when it is.

jmski52

Please let us know when it is.

https://theconversation.com/us

Vessel tracking already shows reduced movements in the strait of Hormuz. Ships are waiting to enter or exit the Persian Gulf or diverting away from the region. An advisory from the United Kingdom Maritime Trade Operations (UKMTO) Centre has warned of the “increased risk of miscalculation or misidentification, particularly in proximity to military units”.

Several ports have suspended operations after debris from an intercepted missile sparked a fire at Dubai’s Jebel Ali Port. While other ports continue to operate, the risk and uncertainty are disrupting shipping in the region.

MsMorrisine

@dcarr said:
That was so 90 minutes ago.
Current spot is showing $95+ .

what's it at now?

where's the hoarding? it's not there

toadstrangler

@MsMorrisine said:

@dcarr said:
That was so 90 minutes ago.
Current spot is showing $95+ .

what's it at now?

where's the hoarding? it's not there

The market is currently in a regime of volatility. yawnski

MsMorrisine

but fundamentals?

hoarding?
industrial use?

seems like time to buy... ships in the straight of hormuz is now being attacked. world disorder?

RedneckHB

Another $500 billion in debt.

Thats enough to build 1,250,000 new single family homes (at $400k each) and create over 1 million new (skilled) jobs.

scotty1419

@RedneckHB said:
Another $500 billion in debt.

Thats enough to build 1,250,000 new single family homes (at $400k each) and create over 1 million new (skilled) jobs.

That's 2.5x DOGE implementations!

BLUEJAYWAY

Looks like today the "strike" moved metals the wrong way.

toadstrangler

Look at the 1 month chart and silver right now is where it was one month ago. In between?

WEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!

MsMorrisine

no big move! still!

invest in oil

there are fundamentals behind it

MsMorrisine

oil has solid fundies here! now at $115.91 after hitting 119.48

silver is down 1.90% in the face of ongoing police actions

MrEureka

@BLUEJAYWAY said:
Looks like today the "strike" moved metals the wrong way.

Which is fascinating. It seems like this time gold has not been seen as a safe haven. I guess people feel like gold at 5K+ is more “risk asset” than safe haven. And we’re definitely in a “risk off” sort of market.

TwoSides2aCoin

It’s easy to reason why. Oil goes up to fund the war. Metal goes down to provide less costly armament.