WW3 looming on the horizon, the global financial system is collapsing, the second American civil war has started and metal exchanges have run out of metal. Apart from that not much really.Silver seems to have moved a fair bit ( and Gold ) today - I haven't seen any singular reason for that jump so has something occurred and I didn't see it?
WW3 looming on the horizon, the global financial system is collapsing, the second American civil war has started and western metal exchanges have run out of metal. Apart from that not much really.
At the start of 2026 banks were predicting gold might reach the $5000 milestone by the end of the year. Just three weeks into January and that target's been smashed already! As for silver passing $100 last week...
I think gold is leading the rally due to it passing the psychological barrier of $5000 and when gold moves silvers usually follows only doubly so.Ok, Yes kinda - Just seemed to have had something more tangible happen over the weekend?
No single event has occurred TD other than that more people are paying attention and moving assets about. Silver has risen 20p a gram in 24 hours. It would appear that reset of the financial system is looming. ho hum xSilver seems to have moved a fair bit ( and Gold ) today - I haven't seen any singular reason for that jump so has something occurred and I didn't see it?
No single event that I am aware of. xI more meant , and I appreciate you are singing to the choir - if something akin to the Basel III agreement had to come into place over the weekend and been enacted.
Silver was I thinking lurking around £100 for an ounce on Friday , Come Monday its jumped up ( just checked ) to £120-125.
Maybe nothing , maybe something.
No single event that I am aware of. x
There was a purge of several of the highest ranking officers in China's armed forces last weekend.It's been suggested in some news sources that the leader of China saw off a coup over the weekend, and whilst the mainstream media didn't notice, the gold market did. No idea whether this has any truth, but the publication the (paywalled) article was in is a generally well regarded one.
GC
US backs down from Iran under Saudi pressure which comes from discreet Chinese pressure. US retreats to lick its wounds and figure out how to respond. Meanwhile the **** show of the some 1.3 trillion dollar spend on AI with feck all to show for it comes home to roost. Chinas current lead in actual AI gives them a head start as things rebase. Slow move to remove dollar as reserve currency speeds up as realisation that it just takes one nutter with too much power and too little grasp to stretch and break alliances that have otherwise stood for years.I think that financially speaking the world stands at a fork in the road this weekend (or maybe next week?) with only two likely paths ahead of us:
Option one - The US backs down from attacking Iran or only does a small and brief bombing mission like last time and nothing much happens. This would result in a temporary pull back for gold/silver and other commodities followed by a consolidation period for a while. The stock markets would likely continue at more or less the level they are at now and oil prices will drop back down again. Basically nothing much happens and the global financial debt time bomb gets kicked down the road for a bit longer.
Option two - The US hits Iran as hard as they can and Iran responds by closing off the Strait of Hormuz and targeting oil facilities throughout the whole of Gulf area cutting off one third of the worlds oil supply. This would result in oil prices shooting up by hundreds of dollars overnight causing a collapse of global economies, a crash of stock markets and would likely be the spark that bursts of the global debt bubble. Obviously gold/silver and other commodities would shoot up in value if this happens and central bank currency printers around the world would go brrrrr causing rapid price inflation.
As I say we are at a fork in the road this weekend with two very different economic
Dunno what happened there cheers.Don't think your comments were added Slaine?
This video is an informative discussion which focuses on geopolitics and the direct military aspects of the situation regarding Iran at the moment. They also touch on the subjects of oil, silver and the financial consequences of the situation too.US backs down from Iran under Saudi pressure which comes from discreet Chinese pressure. US retreats to lick its wounds and figure out how to respond. Meanwhile the **** show of the some 1.3 trillion dollar spend on AI with feck all to show for it comes home to roost. Chinas current lead in actual AI gives them a head start as things rebase. Slow move to remove dollar as reserve currency speeds up as realisation that it just takes one nutter with too much power and too little grasp to stretch and break alliances that have otherwise stood for years.
Or my tin hat has slipped and I disappeared down the wrong rabbit hole.
Would a silver hat work as well as tinfoil? I smell a business opportunity.
I think possibly the other way around...Wonder if the military were pushing to attack the US financially and invade Taiwan while US is focussed elsewhere?