On February 27, the very day before Israel and the United States attecked Iran for no reason other than they would not comply with their wholly unreasonable demands, the price of silver was above $93 an ounce and gold was roughly $5,365 on the spot market.
As of this morning, April 7, silver is $72.10 and gold is $4,660. Conversely, WTI crude oil, which was trading on futures markets at $67.02 per barrel at the close of trading in New York on February 27, is this morning $114.60. Understandably, the flow of oil from the Persian Gulf has been severely curtailed, but that's an increase of 41.52% while gold has declined in "value" by 13.14%, and silver by 22.47% over the same period.
The price of silver is perplexing in that many weapons have been deployed by all three sides of the Middle East malaise, all of which contain varying amounts of silver in their manufacture. Is the world to believe that while silver is being depleted at an advanced rate to an unrecoverable state that the price should decline? Gold, always and everywhere a safety net against the madness of markets, kings, and destabilizing, unconscionable acts should also become more affordable?
All of this defies basic logic, just as casualties suffered by Iran and Israel number in the thousands, the United States has officially announced only 13 or 15 deaths in the war. None of it makes much sense other than the idea that the world has been caught up in the grip of evil, duplicitous men with power to move markets, deny peace and wage war against multitudes of people, whose main objectives are to seize power, and steal the fortunes of others.
U.S. President Trump and Israeli Prime Minister Benjamin Netanyahu and their top commanders and political appointees are nothing more than criminals who pledge allegiance only to themselves, mammon, and money and not the countries they are supposed to represent, protect and serve. They would be more fitting clothed in orange jumpsuits at maximum security prisons than wearing expensive tailored suits while occupying the highest offices.
There have been many voices expressing disgust and desperation, saying nothing can be done against these madmen and they have a point. Americans and Israelites have neither the courage nor the will to oppose these tyrants in any meaningful ways. Quiet resistance, at once the preferred position of people of clear conscience, is ineffective. Violent opposition is unthinkable and in between those extremes, people carry on with their daily lives until the harsh realities shake them from their complacency, though even then, most remain powerless, becoming more accustomed to living in chains than freeing themselves and their brethren from the slavish dictates of the ruling elites.
By this time tomorrow, conditions are likely to be severely worse for everyone. Iran continues to attempt to negotiate with the U.S. through various proxies, but all sides are far apart with a Tuesday, April 7, 8:00 pm ET deadline for Iran to fall into line or risk a massive assault on its infrastructure and it seems Trump is not bluffing, already having struck Kharg Island for a second time overnight.
Already this morning, oil prices have spiked higher (WTI, $116). Stock futures have reversed course and are sliding at 9:00 am ET with Dow futures off 173 points, NASDAQ futures lower by 153, and S&P futures shedding 31 points.
Trump's latest neocon screed, issued at 8:06 am ET on April 7 (today) suggests mass annihilation.
This is not likely to end well for anybody.
It's easy to become distraught and even depressed over the ongoing insanity that has engulfed humanity. Burying one's head in the sand or looking the other way does not change conditions. Whatever occurs, it's important to remember who started this war: Israel, with the U.S. in complete agreement and support.
At the Close, Monday, April 6, 2026:
Dow: 46,669.88, +165.18 (+0.36%)
NASDAQ: 21,996.34, +117.14 (+0.54%)
S&P 500: 6,611.83, +29.14 (+0.44%)
NYSE Composite: 22,254.72, +60.82 (+0.27%)
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