Trying again sans Copernicus,
NB about LBMA CME vis a vis Wall Street not the physical PM market:
Wall Street /western market share traders hedge their stock market trades with gold and silver futures, to hedge losing stock trades and margin calls. Cashing in their PM hedge is, in part, one reason why precious metal futures prices fall when geopolitical tensions rise, and stock traders must hedge their stock market bets.
Older people may ponder why gold and silver spot prices fall and PM futures fall when a war is raging... because years ago that pattern was precisely the opposite. However "in them days" Wall Street maintained some semblance of coordination to the functioning of actual economies (of western nations) rather than being a corrupt fountain of poppycock. .
Of course Gulf Fiefdoms are suffering big losses and they have large bets in gold and silver futures. It's likely they are liquidating and/or cashing in on such market volatility, to cover their losses as well.
To some extent market share prices of militarist warfare corporations like LMT and GD do reflect the reality of the US and western Warfare State - even if Lockheed Martin / General Dynamics are incapable of producing the amount of weaponry that the former United States demands for its many futile but profitable wars.
Beside that, at least 90% of Wall Street is based on fantasy corporation futures, some related to BTC and AI, or just illusions that produce nothing at all, wrt whatever latest illusory and widely promoted bubble of fantasy CNBC and a certain Afrikaner H1B may wish to promote..
For example, AI cannot physically build roads; AI cannot plant crops; or even physically build infrastructure -- or for that matter perform an surgical operation..... without human input. Even if AI or just robots can assemble your car and drive it, human input is needed for source and destination. And the Afrikaner H1B's robots cannot physically mine, grow or produce the basic raw materials the vehicle is made from, and with.
The fantastic world of robotic abundance, where everyone is rich and no one must work (that the stutteringly brilliant Musk publicly proclaims) will never materialize. And woe unto us that the entire western corporate world takes on such stuttering gibberish as being a potential future reality.
But the nonsense about robots creating a utopian world for all seems accepted... at least by Trump, his minions, and Wall Street -- who by the way claim to hate "socialism". (But "socialist robots"are, apparently, okay to that class.) Thus the lie about "making America great again" is certainly put paid by such nonsense from the mouth of the maniac in the White House's henchman.
The actual point of this post, however, is to comment on the silver market, where silver spot is approaching $70 US again. Depending on how Iran reacts to recent US - "Israel" aggression, I'll go out on a limb and predict USD spot below $70. For me that will again be a buy point, at which time I will pick up a small amount.
Where for me it's a real hedge versus the abject imperial insanity that has gripped the western world, in a rapid trajectory of societal / civilizational decay /decline that is both fascinating to watch and historic to experience. Just a further note, about one hour from now is when the Bank for International Settlements steps in on the LBMA gold market, to carry out whatever orders Bessent's handlers have ordained... :)
https://goldprice.org/
