Expect historic moves in oil as the war with Iran continues, plus a look at what to expect from gold and silver.

Oil on the move
March 3 (King World News) – Jeroen Blokland:  The price of crude oil is up 15% since Israel and the United States first hit Iran.

KING WORLD NEWS NOTE: Despite Rally, Oil Remains Catastrophically Undervalued vs Gold & Silver

While that sounds like a lot, it is not. If the ‘war’ continues to escalate and if it takes at least 4 weeks for the US to conclude its ‘operation’, many things are possible. Including oil trading at > USD 100.

Gold is likely the only asset that may provide some shelter during this phase of geopolitical turbulence. As higher oil prices push up inflation expectations, bonds do not offer refuge.

For those arguing that cash is king. That only applies if you think in nominal terms while the world evolves around real values.

Stocks do not like spiking volatility (as stock prices are inversely related to volatility), but history shows that declines tend to be short-lived during war-like episodes. If this turns into a full-blown Middle Eastern war, all cards are off the table.

When it comes to oil you haven’t seen anything…yet
Holger Zschaepitz:  To put things into perspective: Today’s 8.6% jump in oil prices is only the 38th largest daily increase since 1990, acc to Deutsche Bank. So while it is a significant move, it is not historically extreme.

To rank among the 20 biggest daily gains, oil would have needed to rise at least 9.6%. Breaking into the top 10 would require a gain of 13.6%, and the top five would mean a jump of 13.9% or more.

The largest swings occurred during periods of major turmoil, including the global financial crisis and the Covid-19 shock. The Gulf War in 1990–91 also saw several double-digit daily increases…

Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.

The Irony
Otavio Costa:  The irony:

Gold falls as the war escalates.

You either anchor yourself in a clear long-term macro view — or you get shaken out by short-term volatility and positioning.

I choose the former.

War with Iran
Peter Schiff:  The war with Iran is bad news for the U.S. stock, bond, housing, and labor markets, the banking system, and the overall U.S. economy. But it’s good news for gold. Today’s selloff, particularly the overdone selloff in mining stocks, is a great buying opportunity. Consider $EPGIX

US Strike On Iran Will Lead To Global Depression
To listen to Gerald Celente discuss his prediction for a global collapse and what investors should be doing to protect themselves and their family CLICK HERE OR ON THE IMAGE BELOW.

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To listen to Alasdair Macleod discuss exactly what is happening in the gold, silver, commodity and currency markets CLICK HERE OR ON THE IMAGE BELOW.

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