I think there will be a complete about-face on the Iran situation. It looks like Iran controls the strait. The only way to take full control of it is boots on the ground - hundreds of thousands - to completely topple the government and install a new regime. Even then there would be no guarantee of stability. I don't think there's an appetite for boots on the ground, though. Until then, this is bearish for precious metals and the stock market, and bullish for the oil price. Of course, there could be monetary easing in the pipeline to rescue the markets. We'll wait and see.
The Iranians are using drones. It looks like oil could be going to $100+. We're going to need the Fed to print like there's no tomorrow to rescue the markets.
Trump is now arming the Kurds,, they already invaded NW Iran, now there are boots on the ground to fight IRGC. Other nations now are joining the War vs bad guys. The only way to end this, is for Islamic Rep. to cease to exist, and Democratic pro-Western Govt. installed in Tehran.
"End". I've always wondered what the "end" of war in the Middle East would look like. I don't expect I'll ever find out. The "end" of a silver run - now, I have seen some of those. I'm not quite convinced I'm seeing one now, but I'm staying tuned.
CNBC is now reporting that after Iran, Cuba is next. This is not a normal cycle like I thought it might be. I think gold and silver may run for the next couple of years. If we are going to be in a new war every other month, there's no way the bull run is close to ending. But what do I know? I'm just another internet poster with some free time.
My wife just got back from the grocery store and checked out the gas prices on her travels. It was $3.09 and $3.15 at two places. It went up between $.35 and $.45 cents higher than before this stupid war.