Gold futures are up another $26 over the weekend in response to Mideast tensions and Trump's threats of retaliation against both Iran and Iraq.

Let the Highest Bidder Win


In case you missed it and are wondering what's going on.

  1. Yesterday, Trump assassinated Qasem Soleimani, Iran's military leader.
  2. The Left Wing "Liberal Media" Cheers War and Assassinations. The cheerleader list includes CNN, NBC, the WSJ, CNBC, and USA Today.
  3. Warmonger fools like senator Lindsey Graham (R-SC) piled on, pressuring Trump to 'Crush Iranian Economy' By Targeting Oil Refineries After Assassination
  4. In response, Iraq to Expel US Troops and Iran Cancels Nuclear Agreement
  5. In response to Iraq threatening to expel US troops, Trump threatened Iraq and Iran, including cultural sites.

Trump Threatens Iranian Cultural Sites

"Some at a very high level & important to Iran & the Iranian culture, and those targets, and Iran itself, WILL BE HIT VERY FAST AND VERY HARD."


Gold Up 3.8% Since January 1

  • Gold is up $26 as of this moment and up $58 since January 1.
  • Gold was priced at $1521 at the start of the year and is now to $1579.

Gold vs Faith in Central Banks (and Governments)

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I do not know if this pop will last through tomorrow, but I do have the question everyone ought to be asking.

Is Everything Under Control?

Might I suggest "Not Even Close"?

Mike "Mish" Shedlock

Hello Ten-Year One-Handle, Hello Gold

Gold blasted $48 higher today and the 10-year Treasury yield briefly fell below 2.0% with Mideast tensions rising.

Trump Repeats Threat to Commit War Crimes

Today Trump repeated threats made yesterday to target Iranian culturatural sites if provoked.

Iran's Measured Response Puts Trump in No-Win Scenario

Both Iran and Trump backed down from what could have led to a disastrous war. But Trump lost the exchange,

Bond Yields Crash and Gold Soars on Pandemic Threat

The 30-year long bond yield crashed to a record low, gold jumped, and equities hammered as fears of a pandemic mount.

If Iran is Responsible for Saudi Attack, So What? US in Another Undeclared War

Assume Iran is responsible for the attack on Saudi Arabia. Was it justified?

Gold is Not a Function of the US Dollar Nor is Gold an Inflation Hedge

Swings in the US dollar have no long-term impact in the price of gold. Nor is gold an inflation hedge.

Gold's vs the US Dollar: Correlation Is Not What Most Think

Gold is not as correlated to the US dollar as most think.

Congressman Alex Mooney's Bill Defines the Dollar as a Unit of Gold

This story came out in March, but I just now caught it. I salute Mooney for wording the legislation correctly.

Gold Surprisingly Correlated With the US Dollar

Since 2015, gold has been correlated to the US dollar. What's next?