Will massive US strike on Iran move metals?
carew4me
Posts: 3,653 ✭✭✭✭
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)
Loves me some shiny!
“Often wrong, but never in doubt.”
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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.
depends on the PM supply and demand currently coming out of Iran. Google is your friend.
When gold and silver move together, it signals the coming end of fiat money.
Yeah. Armament is metal.
``https://ebay.us/m/KxolR5
Maybe the price of scrap steel would bring more than $0.02 a pound.
🤔
Loves me some shiny!
“Often wrong, but never in doubt.”
No, this was baked in already, unless something goes awry
I guess we'll find out Monday when the markets open.
It is possible that the US, Israeli actions will be stabilizing rather than destabilizing, at least in the mid to longer term.
depends on how many siver containing weapons were blown to oblivion
When gold and silver move together, it signals the coming end of fiat money.
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!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
a smart gutter man would have tucked in his tail by now and quietly ended his anti silver campaign
When gold and silver move together, it signals the coming end of fiat money.
Are you implying that the "ins"/
controllers of the market knew in advance of this action?
Yes......gap ups when trading opens up Sunday night overseas. Same thing when NY opens Monday morning.
AGQ
When gold and silver move together, it signals the coming end of fiat money.
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.
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.
All comments reflect the opinion of the author, even when irrefutably accurate.
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.
it's an air war
When gold and silver move together, it signals the coming end of fiat money.
Hostile attempted regime change. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
that too
When gold and silver move together, it signals the coming end of fiat money.
And no one knows what a new regime will look like. Better or worse.
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."
Loves me some shiny!
“Often wrong, but never in doubt.”
Gold pricing often follows oil up. I'd keep reading the Kitco and zero hedge commentaries as well as the comments.
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.
kitco and zerohedge? omg lol
The number 1 and number 2 gutter pumpers (er manipulators?) by far. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
kitco and zerohedge? omg lol
Sour grapes won't make silver go to $40. Get over it.
I knew it would happen.
kito and zerohedge are permabulls
that's because their analysis uses fundamentals
When gold and silver move together, it signals the coming end of fiat money.
the fundamentals of china and india demand has it down tonight
That was so 90 minutes ago.
Current spot is showing $95+ .
.
You try really hard, but you rank 3,788,755th on the list of most influential silver influencers.
.
Too high.
COPPER is gutter !
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.
I knew it would happen.
Looks like it was just another nothingburger™. You would have been better off buying Oil and LNG.
RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Wasn't it just 1 week ago when I was told here on this forum that the Straits of Hormuz wouldn't be closed?
I knew it would happen.
Please let us know when it is.
Knowledge is the enemy of fear
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.
I knew it would happen.
what's it at now?
where's the hoarding? it's not there
The market is currently in a regime of volatility. yawnski
COPPER is gutter !
but fundamentals?
hoarding?
industrial use?
seems like time to buy... ships in the straight of hormuz is now being attacked. world disorder?
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.
Knowledge is the enemy of fear
That's 2.5x DOGE implementations!
Looks like today the "strike" moved metals the wrong way.
Look at the 1 month chart and silver right now is where it was one month ago. In between?
WEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
COPPER is gutter !
no big move! still!
invest in oil
there are fundamentals behind it
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
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.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
It’s easy to reason why. Oil goes up to fund the war. Metal goes down to provide less costly armament.
``https://ebay.us/m/KxolR5