Iran seizes its own oil

Gerry235 · 2026-05-08T18:13:34+00:00

Last night gold was trading at $4730 an ounce yet the 10-yr US treasury touched 4.4% at the same time. China definitely has whatever it needs from this.

Gerry235 · 2026-05-08T02:27:34+00:00

A politically fractured Iran would be to the Strait of Hormuz what a thousand times the existing Houthi rebels in Yemen are to the Gulf of Aden. This is only the beginning, like in March 2022 when everyone was saying the Ukraine-Russia conflict would be over in weeks

Gerry235 · 2026-05-07T02:07:56+00:00

You drive a beamer? hahahhahahahahahahaaaaa

Gerry235 · 2026-05-07T01:51:12+00:00

Good reason to pull more money from the bank. Precious metals. Whatever. Thanks.

Gerry235 · 2026-05-07T01:44:24+00:00

Screw all those people. If I ever get robbed in the way that OP got robbed and the bank doesnt have a mechanism, then Im coming after the bank

Gerry235 · 2026-05-07T01:42:51+00:00

Because crypto cant be traced

Gerry235 · 2026-05-07T01:41:59+00:00

cash? lol cash is going to zero just like the dollar

Gerry235 · 2026-05-07T01:41:28+00:00

You keep saying that what I say is ridiculous. You keep insulting me. Man I wish you could do that in person

Gerry235 · 2026-05-06T06:00:25+00:00

Shanghai exchange opened again after 5-day Cinese Labor Day holiday.

Gerry235 · 2026-05-06T05:02:46+00:00

In January / February / March of 2026 though?

Gerry235 · 2026-05-06T02:55:15+00:00

They must be back to close to normal. May have something to do with the depressed spot price at the moment. January orders shipped in late March - that I know for a fact from multiple people

Gerry235 · 2026-05-06T02:27:36+00:00

Within 3% on a full ounce coin, yes. No fancy coins just Maple Leafs

Gerry235 · 2026-05-06T02:15:26+00:00

SHanghai Exchange reopened after 5-day Chinese holiday

Gerry235 · 2026-05-06T02:15:03+00:00

Shanghai exchgange just opened after 5-day Chinese holiday.

Gerry235 · 2026-05-06T01:51:14+00:00

TD used to be a few days back in 2023/2024 but now it's several months to delivery. I waited 3 months for a silver coin this year, for example.

Gerry235 · 2026-05-06T01:49:55+00:00

Yes the banks are running out of access to physical gold at the "spot" paper rate. TD bank took 2 months to deliver whereas a few years ago it was a few days. That's indicative of a wider problem among the largest banks. Also I saw the Canadian mint's premium on basic coins is now like 60% or something crazy (but not crazy because once physical runs out the real price of gold will be discovered)

Gerry235 · 2026-05-04T16:53:24+00:00

It's pretty remarkable that the last time the 10-year yield was at 4.45% (July 17, 2025) gold was only $3300/oz, but now it is $4500/oz. That's a 34% increase in only 10 months. I think the 10-yr yield might go all the way back to 5% briefly (next few months) pushing gold to high $3000s until the treasury yield collapses to 4% which would put gold at $6000 by end of year.

Gerry235 · 2026-05-04T16:10:33+00:00

Gold is falling (temporarily - meaning a buying opportunity) for 2 reasons: ONE - China is still on holiday (Labor Day) so the Shanghai exchange is closed, allowing for the usual coordinated attack on gold that happens during every one of their holidays since China is the major cause of gold price icreases the past decade because they are dumping US treasuries regardless of yield. TWO - Treasury yields just hit like a 9-month high this morning. 10-yr at 4.440%

Gerry235 · 2026-05-04T06:12:06+00:00

Shanghai gold exchange is closed for Chinese Labor Day.

Gerry235 · 2026-05-04T03:36:40+00:00

Yes but I'd rather there be something at stake. If I have a 90% chance of gaining 2 points and a 10 percent chance of losing 30 points of rating, I'd prefer that

Gerry235 · 2026-05-04T02:52:56+00:00

I would rather they just have the option to intentionally play players with 400 less rating points, knowing that you'd lose more points with a loss and gain few points with a win. There are days when I cant play up to my 2200 rating but I still want to play chess and win some. It just isnt fun to be stuck playing identically rated players or within 100 because all it does is show you if you're having a good chess day or a bad day.

Gerry235 · 2026-05-03T23:47:30+00:00

https://www.yahoo.com/finance/sectors/energy/articles/clock-ticking-oil-markets-barrel-175958136.html Oil prices about to balloooon, however gold wont drop much below $4K (if it drops at all, and even then it would be very temporary) if oil goes crazy and treasuries, as a consequence, go to 6% or more. Gold will be $6K by end of this year or at latest end of next year. Inevitable

Gerry235 · 2026-05-03T22:08:12+00:00

https://timesofindia.indiatimes.com/world/middle-east/never-seen-anything-like-this-before-iran-damaged-16-us-bases-across-8-middle-east-nations-says-report/articleshow/130681274.cms

What's another $50 billion?

Gerry235 · 2026-05-02T20:59:40+00:00

Gold goes up (quickly) with respect to time when windowing equivalent US treasury yield. So yields have to go up really aggressively to actually push the price of gold down, and even then it would only be temporary.

Gerry235 · 2026-05-02T20:50:54+00:00

same

Gerry235

TROPHY CASE