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Money Daily has been providing business and financial market news, views, and coverage on a nearly continuous basis since 2006. Complete archives are available at moneydaily.blogspot.com.
PRIOR COVERAGE:
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Friday, March 6, 2026, 9:16 am ET
Well, this has been an interesting week. The United States and Israel have engaged in a military conflict with the nation of Iran, but, according to Secretary of State Marco Rubio, House Speaker Mike Johnson and majorities of both houses of congress, it's not a war, even though Secretary of War, Pete Hegseth and President Trump call it a war. Sure looks like a war. The US keeps updating the public through daily briefings on how many targets have been hit, now many people have died, and other statistics and random mentions of destruction. Of the three participants, only the United States has not been struck by missiles, bombs, or ordnance of any kind. The conflict is mostly between Israel and Iran. So, why doesn't the United States just back off and let those two "go at it?" Because Israel is an ally and we supply them with weapons, money, intelligence and the ability to wage war in their neighborhood. Without U.S. involvement, it wouldn't be a fair fight, so there you have it. In the U.S., markets are operating normally, if what you call normal are wild daily and intraday swings up and down. For the week, through Thursday's closing bell, the Dow is down 1,023 points (-2.09%). NASDAQ is up 80 points, while the S&P is down 48 (-0.70%). Equity markets have yet to consider longer term effects of what's occurring half a world away, though oil futures seem to have caught onto what's happening. WTI futures, since February 27, are up a whopping $22, from $65 to $87/barrel, making sense of the closure of the Strait of Hormuz and the shuttering of the world's largest LNG hub in Oman. The price of gas at the pump has already been affected. On Sunday, March 1, gasbuddy.com had the national average for a gallon of fuel at $2.97. As of Friday morning, it's $3.31. California leads the way at $4.83, which is 52 cents higher than it was just five weeks ago, and it's almost certain to rise even more the longer the turmoil in the Middle East lasts, which, by the way, could be a long time. President Trump and other "experts" had the conflict with Iran lasting four days to two weeks originally. Once things got underway, the timeline shift to four to six weeks, then four to eight weeks and finally to 100 days or possibly into September. These so-called military and/or financial experts are right about one thing: being wrong. U.S. January retail sales were off 0.2%, according to the latest report from the Census Bureau, but the bigger news was February's Non-farm Payrolls, broadcast by the BLS Friday morning.
Total nonfarm payroll employment edged down by 92,000 in February, and the unemployment rate changed little at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment in health care decreased, reflecting strike activity. Employment in information and federal government continued to trend down. That news sent U.S. stock futures tumbling. Just before 9:00 am ET, Dow futures were down 651 points, NASDAQ futures were lower by 409, and S&P futures were off a whopping 91.50. A few months ago, a monthly decline of 92,000 jobs owuld have had the rate cut crowd drooling over the prospects of a federal funds rate of 2.50% or lower in months ahead. Something has changed in their tune. Possibly - and this is purely speculative - wars or non-wars, oil prices spiking and slowing retail sales might not be so appealing, despite whatever actions the Federal Reserve's FOMC might deem necessary. Inflation and recession together usually equal stagflation, the worst of both worlds, at the same time. What will they think of next?
At the Close, Thursday, March 5, 2026:
Thursday, March 5, 2026, 9:14 am ET While the U.S. and Israeli militaries spread havoc across the Middle East in a war against Iran that serves no useful purpose, American citizens are blinded to the kind of perfidy that has become routine in the nation's capital. On Wednesday, Senate Republicans blocked a war powers resolution designed to withdraw U.S. forces from hostilities in Iran, as the Trump administration accelerates its military campaign in a conflict that has killed hundreds, including at least six American service members (almost assuredly many more). The motion failed in a vote of 47-53. Thus, the Senate has failed to withhold its constitutional duty as the proper branch of government tasked with the authority to declare war. The vote itself was a complete sham, as it should have taken place well before Israel and the United State attacked Iran without a clearly stated purpose. The House of (non)Representatives Wednesday batted down an effort from Rep. Nancy Mace (R-S.C.) to publicly release all reports on file with the House Ethics Committee on investigations into members of Congress regarding allegations of sexual harassment of staff or of a sexual relationship with a member of their staff. In a 357-65-1 vote, the chamber moved to refer the matter to the House Ethics Committee — essentially killing the effort. Thirty-eight Republicans and 27 Democrats voted against referring the resolution to the panel. The legislation is H.Res.1072 - Directing the Committee on Ethics to preserve and publicly release records of the Committee's review of violations or alleged violations of clause 9 (as it pertains to acts of sexual harassment) and clause 18 of rule XXIII of the Rules of the House of Representatives. “The American people are held to one standard and Congress is held wholly to another,” Mace told reporters before the vote. “And you’re going to watch men in Congress, Republicans and Democrats, this afternoon, hide behind the veil of ‘let the process play out,’ and it’s going to get referred to committee.” “It will not see the light of day,” she predicted, “because the process is broken.” Representative Brad Knott (R, NC), who sits on the Ethics Committee, was the sole rep. to vote "present." 27 Democrats and 38 Republicans votes against the measure. Five Democrats and four Republicans did not vote on the measure. How each Representative voted. Download as CSV Just as in the case of the Epstein Files, wrongdoings by members of congress will go unpunished, all the while paid for by American citizens through their taxes and higher prices because of the government's unwillingness to balance the budget. This year's deficit is likely to surpass $2 trillion and te cumulative national debt is $38.8 trillion and will surpass $39 trillion before the month is out. Interest on the debt has ballooned to over $1 trillion a year, a single expense category exceeded only by Social Security, Medicare, and the Department of War. The American public, and most of the Western nations have been led astray by their elected officials in a myriad of ways. Voting - when it is not already rigged - is always between two equally corrupt candidates who, when elected, will not represent the interests of their constituency, but rather those of their donors, usually, wealthy corporations and their lobbyists who write bills designed to benefit their interests above and beyond those of the American public. The United States engages in perpetual war around the world, illegal and undeclared. The general public shielded from the harsh realties by an entrenched press corp obedient to the government's dictates of what gets published and what doesn't. Americans pay extremely high taxes for a government that does not represent their best interests. That is plain to see, yet they do nothing about it for fear of reprisal from that same useless government. By any reasonable measure, the United States and Israel are losing the war against Iran. While pig-headed Secretary of War, Pete Hegseth brags about sinking the Iranian Navy, proposing to have complete control of Iran's airspace within days, while bombing mostly civilian targets, especially Iran's capital, Tehran, he fails to mention that Iran has destroyed or severely disabled American bases throughout the region, including American anti-missile defenses in Bahrain and Saudi Arabia, Iran has closed to Strait of Hormuz and there's nothing the U.S. or Israel can do to reopen it to commercial shipping, the USS Abraham Lincoln has departed from the theater of war, retreating far away into the Indian Ocean, Tel Aviv, Jerusalem, and other Israeli cities are virtually defenseless as the "Iron Dome" has failed and Iranian missile and drones have devastated much of the urban areas and continue to do so, the U.S. and Israel are running out of anti-aircraft and anti-missile defenses, and the air force has many fewer places in the region from which to launch and land, as the two aircraft carriers in the region are far away and the bases from which they usually are deployed have been rendered unusable by Iranian missile and drone assaults. America is very likely to lose this war, as it has lost wars and military conflicts against the Houthis in Yemen, had to abruptly negotiate an end to the 12-day war in June, 2025 as Irael was being decimated, spent 20 years losing in Afghanistan and Iraq, and has lost wars in Vietnam and elsewhere. The U.S. government has squandered its nation's treasure on needless, senseless wars that it cannot win. Ukraine and Iran are just the latest in the series of failures and abrogation of duty by America's corrupt leadership. Money Daily and publisher Rick Gagliano stand fully opposed to the War in Iran and any support or funding for Ukraine. Meanwhile, Wall Street and the riggers of markets continued Wednesday to promote the "winning" narrative by sending stocks higher for no apparent reason other than they have fiat money - fast becoming completely worthless - to burn. Gold and silver - the actual real forms of money - continue to be suppressed in spot markets and on the COMEX. The same pattern of short-selling the metals down to ridiculous levels continues day after day after day. As the opening bell approaches for yet another journey into Fantasyland, Asian stocks recovered overnight, European stocks are marginally lower and U.S. stock futres are falling. Dow futures are off 300 points, NASDAQ futures are down 108, and S7P futures are lower by 28. WTI crude oil is trading just above $77/barrel. Current events and engagements are likely to have a happy ending, but not for U.S. interests and certainly not for Israel.
At the Close, Wednesday, March 4, 2026:
Wednesday, March 4, 2026, 9:10 am ET With the Middle East in considerable turmoil, the ongoing war between the coalition of Israel and the United States against Iran seems to thus far be something of an even match. For every bombing or missile campaign initiated by the US side, Iran counters with strikes on Israel or US bases in Gulf countries. Claims by either side must be taken with skepticism, as the fog of war makes accurate assessments nearly impossible to verify. With that in mind, US stocks defied gravity again on Monday, with all of the major averages hit hard early, but, once again recovering after suffering initial losses. It's interesting to note that while Asian and European bourses have suffered losses of 3-6% the past two days, US indices are only down moderately. For instance, the S&P 500 is only down 62 points from its close on Friday, February 27 through Tuesday's close, the loss less than one percent. Overnight, Asian stocks were battered again, with Japan's NIKKEI down 2,033 points, or 3.6%. South Korea's Kospi down 18% over the past two days, and a full 12% on Tuesday. European stocks, on the other hand, are recovering after two days of steep losses and U.S. stock futures are modestly higher Wednesday morning an hour before the cash open. It appears as if the West is desirous of playing a "winning" narrative in light of developments in the Middle East. This is a common practice for the West. Some analysts joke that if London was nuked, the FTSE would probably rise three percent on the news. It's actually just a continuation of the sick stock manipulation played by Europe and the U.S., having an unlimited supply of fiat currency with which to influence markets. The manipulative nature of markets can be seen best in precious metals futures on the COMEX and in the West-leaning spot markets. On Tuesday, gold and silver sold off dramatically, a move which runs counter to long-established patterns. People naturally rush to the security of gold and silver in times of geopolitical stress, not away from them. The futures and spot markets in the U.S. are completely out of control as alternate realities. While futures and spot register massive losses, physical metal is selling at much higher prices worldwide. On Tuesday and into the overnight, spot silver was as low as $79.27. and gold was down to absurd levels at $5020. Both have recovered, with silver trading around $85 and gold at $5,190, though it traded above $5,400 on Tuesday. Crude oil, however, is performing as expected, peaking above $77/barrel early Wednesday.
There were some earnings reports released Tuesday after the close... ...and Wednesday prior to the open:
Best Buy (BBY) - weak holiday sales, higher profit 4Q, flat For what its worth, the retailers reporting Wednesday morning were relatively solid, indicating Americans still have money to spend. The war will continue for at least another month, probably longer. Since the market refuses to reflect reality, trimming exposure with the bulk assigned to losers might be a worthwhile strategy.
At the Close, Tuesday, March 3, 2026:
Tuesday, March 3, 2026, 9:10 am ET Monday's stock market movement - from early lows to closing highs - should be ample proof that Wall Street's "markets" are not only casinos, but rigged casinos. The Epstein Class elitists that control these markets can move them in any direction they please through the Exchange Stabilization Fund (ESF), New York Fed trading desk, the Plunge Protection Team (PPT, otherwise known as the President's Working Group on Financial Markets), and the vast holdings of the Vanguard Group, BlackRock, and other companies with enormous Assets Under Management (AUM). These folks can move individual stocks, ETFs, or entire indices in whatever direction they please. They can make people rich or poor in a matter of minutes, though the long-range aspect is for stocks to always tend in the upwards direction, ensuring that everybody, from individual investors with 401k or retirement accounts, to massive funds and institutions, enjoys a certain "wealth effect." No matter what happens, be the news good, bad, or indifferent, stocks tend to rise in price, not to be confused with value. In any case, with a fairly significant war breaking out in the Middle East over the weekend, the closing prices on the Dow, NASDAQ, S&P and other indices would have one believe that it's no big deal. Well, for Monday, at least, and only in the U.S. Stock markets in Asia and Europe were hit hard on Monday, and are tanking again overnight and into Tuesday morning. Germany's DAX, to offer just one instance, was down 2.4% on Monday and is down another 3.6% mid-afternoon in Berlin. Tuesday may be a different story for the U.S., falling in line with the rest of the world. With less than an hour to the opening bell, stock futures are down in a massive manner. Dow futures are down 861 (-1.76%); NASDAQ futures are lower by 537 points (-2.16%); and, S&P futures are down 115 (-1.68%). Since stocks are getting battered in the futures market, its tradition for the COMEX/LBMA riggers to flush precious metals down the proverbial toilet. On the spot market, silver fell from a high of 91.45 to a low of 77.87 overnight and is hovering around $82 as of this writing. Gold, which most people rush to buy during times of crisis (like now), dropped overnight from a high of $5,380.80 to a low of $5,076.20, and is holding around $5,135. In Shanghai, spot silver is $92.89, but gold is much closer to the Western price, probably because gold buyers in China, India, Singapore and any other place that isn't being bombed are more than happy to buy gold at basement bottom prices. So, the question for people who actually have skin in the game is, as always, whether to buy, sell, or hold. One cannot be too sure of anything under the current fog of war, intertwined with the usual mainstream media censorship and propaganda. You're on your own, as is your investment advisor and anybody else touting this or that next best thing. With U.S. markets set to open in less than half an hour, here's a summary of the two major stories, courtesy of Claude AI: Anthropic "Supply Chain Risk" Designation – News SummaryCompiled by Claude AI, March 3, 2026 What Happened
Legal Questions
Industry Reaction
Behind the Scenes
Business Impact
Sources:
CBS News – Hegseth Declares Anthropic a Supply Chain Risk Axios – Trump Moves to Blacklist Anthropic Anthropic – Official Statement Just Security – What the Designation Does and Doesn't Mean TechCrunch – Pentagon Moves to Designate Anthropic TechCrunch – Tech Workers Urge DOD to Withdraw Label Fortune – OpenAI Sweeps In to Snag Pentagon Contract KTVU FOX 2 – SF AI Firm Declared Supply Chain Risk US-Israel-Iran War – News SummaryCompiled March 3, 2026 — Situation is rapidly evolving Note: This is a developing crisis. Details are subject to change as new information emerges. How It Started
Khamenei Killed
Scale of the Strikes
Iranian Retaliation
Casualties
Conflict Widens to Lebanon
Economic Impact
What's Next
Sources:
Al Jazeera – Live Blog, March 3 Al Jazeera – Death Toll Tracker CNN – Live Updates, March 1 CNBC – Live Updates, March 3 CNBC – Live Updates, March 2 Washington Post – Day 3 of Strikes Times of Israel – Live Blog, March 3 Wikipedia – 2026 Iran Conflict
At the Close, Monday, March 2, 2026:
Editor's Note: War doesn't bestow many, if any, benefits. It being mostly about destruction, those who engage in it willingly are seldom people you'd have over for dinner. Because events are changing so quickly under the fog of war, Money Daily decided to mostly refrain from editorializing or providing links, since the stories are likely to be outdated within hours of their publication. Readers are advised, especially now, to perform their own research and due diligence. Best of luck to all. Two major stories emerged as February came to a close. On Friday, President Trump pre-empted a deadline imposed by Secretary of War, Pete Hegseth, for Anthropic, the AI company that had contracted with the DoW for unclassified and classified operations, to accede to demands that it abandon its safety guardrails, specifically, that Anthropic's technology would not be used to conduct mass surveillance on U.S. citizens, and, that it would not be used to produce fully autonomous weapons systems without human supervision. Anthropic's CEO, Dario Amodei, chose to take the moral high ground and stick to the company's safety guidelines - which were included in the contract with DoW - risking a $200 million contract with the War Department. Trump interceded an hour before Friday's 5:01 pm ET deadline, via a post on Truth Social, ordering all agencies to cease using Anthropic's products and cancelling all government contracts with the company. For his part, Secretary of War Hegseth declared Anthropic a "supply chain risk." The effect of Hegseth's knee-jerk response is as yet unknown. Anthropic has extensive ties to businesses large and small around the world and throughout the United States. A complete ban on using the company's products - the most popular being "Claude" - would likely affect thousands of U.S. firms. Trump's directive is more straightforward. Agencies of the federal government will stop using Anthropic's products as soon as possible. For the War Department, there will be a six-month transition period. On Saturday, Sam Altman's company, OpenAI, was designated as the replacement of Anthropic. This story is still evolving, as is the other major development, the military assault by the U.S. and Israel on the nation of Iran, which commenced early Saturday morning. Thus far, the U.S. claimed (and Iran soon afterwards confirmed) that the religious leader of Iran, Ayatollah Ruhollah Khomeini, was killed in a missile strike on his compound in Tehran. Other leaders were also taken out amid hundreds of U.S. and Israeli strikes. Iran retaliated with strikes of its own on U.S. bases and some civilian structures in Bahrain, Qatar, Saudi Arabia, UAE, Israel, and elsewhere. The war being less than 48 hours old, it's not possible to draw any conclusions other than it seems to be only just getting started and figures to be an ongoing conflict for at least weeks and probably months, both sides committed to seeing it through according to their goals. For the U.S, and Israel, that is complete destruction of Iran's military and regime change. Iran is fighting for its very survival. This does not appear to be anything that will be resolved in the short term. Stocks Taking another blow, the Dow and NASDAQ suffered the worst, though, on a percentage basis, it was little more than a flesh wound. The markets continue to have the uncanny ability to drop one day and rally the next, regardless of geopolitics and AI-related overhang. The S&P was off less than 1/2 percent, just scratching the surface of its bubble condition. For all the ups and downs, the S&P 500 is up 0.45% year-to-date, essentially a sideways market. Whether that will change in consideration of current events remains a mystery, though it does appear that any upside momentum has been overtaken. Earnings season continues at a crawl, with retailers in focus for the week ahead. Monday: (before open) Berkshire Hathaway (BRK.B), Norwegian Cruise Lines (NCLH), ADT (ADT); (after close) Riot Platforms (RIOT), Plug Power (PLUG), Quantum Computing (QUBT), AST SpaceMobile (ASTS) Tuesday: (before open) Playsafe ((PSFE), Best Buy (BBY), Target (TGT), Ross Stores (ROST), AutoZone (AZO), Thor Industries (THO), VIK (Viking Holdings; (after close) Rayonier Advanced Materials (RYAM), GitLab (GTLB), CrowdStrike (CRWD) Wednesday: (before open) Abercrombie & Fitch (ANF), Wix (WIX), Dycom Industries (DY); (after close) American Eagle Outfitters (AEO), OKTA (OKTA), STEM (STEM) Thursday: (before open) Ciena (CIEN), Victoria's Secret (VSCO), Burlington (BURL), Kroger (KR); (after close) GoPro (GPRO), Petrobras (PBR), Marvell (MRVL), Costco (COST) Friday: (before open) Embraer (EMBJ), Genesco (GCO), Algonquin Power & Utilities (AQN) The week ahead includes some juice from data, though the situation in the Middle East will likely have a larger overall impact on stocks. Briefly, Monday has the February ISM manufacturing PMI and S&P Global U.S. manufacturing PMI; Wednesday, ADP's February National Employment Report, S&P Global Feb. U.S. Services PMI, Feb. ISM Services PMI, Fed Beige Book. On Thursday, Initial Jobless Claims are announced prior to the open, U.S. Q$ Productivity, and January Import Price Index are reported. Friday, the U.S. Non-Farm Payroll report for February will be in focus, plus, January Consumer Credit, Retail Sales (January), and December Business inventories. Treasury Yield Curve Rates
The benchmark 10-year note ended the week yielding less than four percent, the first time its breached that level since October 28, 2025 (3.99%). Considering the various threats to stability, the rush into the relative safety of treasuries is not to be taken lightly. Buyers seem perfectly willing to accept smallish returns that may not even equal inflation in an effort to preserve capital. The fixed income market senses fear, and for good reason(s). The general effect is a flat-lining of the entire curve, with rates at a low of 3.38 (2-year notes) and a high of 4.64% (30-year), hardly enough spread to make a profit. Profit is probably not the main concern for buyers. Despite not even breaking even with inflation, the focus is on keeping money at some kind of reasonable level until global conditions improve or degrade, the latter condition not conducive to making money anywhere at any time. Spreads remain elevated, with 2s-10s dipping just one basis point from the prior week, to +59 while full spectrum (30 days - 30 years) took a 10 basis point flattening, at +90. The general trend is not appealing, though it does appear to be leaning closer to a reduction at the short end. Should global conditions remain steadily in poor form or even take a further turn for the worse, the opportunity for the Fed to step in with emergency measures (even more than are already in place) remains a possibility. If Ukraine and Iran continue to produce angst and uncertainty, a cut at the next FOMC meeting (March 17-18) would be likely and the Fed could also signal more to come. The tug-of-war between inflation and recession is keeping the Fed from doing anything dramatic, though that intransigence might prove costly in the long term. Spreads:
2s-10s
Full Spectrum (30-days - 30-years) Oil/Gas WTI crude ended the week at $67.29, almost a buck higher than last Friday's $66.31, and likely to jump on Monday, given the closure by Iran of the Strait of Hormuz, a tipping point in the war and to the global economy. Somewhere in the neighborhood of 20% of the daily flow of crude oil is now effectively cut off, and there are few winners. China, Europe, and the U.S. will suffer from supply imbalances, the winner will be Russia, despite sanctions. Moscow holds a distinct advantage as oil is needed at what may become any price. It is more likely that the conflict over Iran will last longer than U.S. and Israel desire, putting pressure on the U.S. and Israel to either step up their assault in hopes that Iran will capitulate sooner, rather than later, if at all. Trump and Netanyahu have taken a dangerous gambit, throwing the region into chaos when the rest of the world is already suffering from severe instability. Expect WTI crude to pop over $70/barrel on Monday, with price increases the longer the conflict remains unresolved. By early Sunday morning, gas prices were already anticipating price hikes at the pump, with the U.S. national average rising to $2.97. California rose another three cents over the week, to $4.63 per gallon, the highest in the nation and up 32 cents in just the past four weeks. Washington was up nine cents ($4.36) and is likely to remain a charter member of the $4+ club for the duration of Mideast hostilities. Oregon ($3.89), is up 28 cents in just the past two weeks. After three weeks under $3.00, Arizona is above $3.00 for a fourth straight week, rising 12 cents to $3.34. The lowest prices remain in the Southeast, with Oklahoma, despite an 11 cent rise, well below any other state, at $2.41, followed by Louisiana ($2.49) and Mississippi ($2.51). The remaining Southeast states, from North Carolina ($2.74) west to New Mexico ($2.72, up 22 cents), are all below $2.79, except Florida ($2.87). In the Northeast, prices remained steady and consistently close to recent lows. Only Pennsylvania ($3.10) and Vermont ($3.01) were above $3.00. New York held steady at $2.98. In the midwest region, Illinois gapped 11 cents to $3.03, with Michigan close behind, at $2.98. Kansas was the lowest ($2.54), though higher than last week by eight cents, followed by North Dakota ($2.58), up 12 cents. Sub-$3.00 gas remained the norm in 40 of the lower 48 states, leaving only California, Washington, Nevada, Oregon, Illinois, Arizona, Vermont, and Pennsylvania, at $3.00 or above. That was the same number as last week, though it now appears unlikely that gas prices will remain near what are six-year lows for much longer. Bitcoin
This week: $66,515.72 Bitcoiners aren't going to get any relief from war of AI any time soon, or anything else for that matter. The problem exists within the crypto sphere entirely, derived from not having a solid use case for any kind of "coinage." With assets under pressure and a liquidity drain forming, there's no place but down for the entire miasma of "hodlers" and dreamers. Nobody is going to get rich from crypto assets other than criminals exploiting the system or Wall Street sharpies and short-side speculators. While whales, true believers, and Michael Saylor may continue to keep the value of bitcoin and other cryptos from falling straight off a cliff of their own making, the trend is clearly getting redder every second of every day and wars, instability, inflation or recession aren't going to change their luck. Crypto has seen its best days. What remains will be a catastrophe. Precious Metals Gold:Silver Ratio: 56.26; last week: 60.66 Futures, per COMEX continuous contracts:
Gold price 1/30: $4,907.50
Silver price 1/30: $85.25
SPOT:
Silver 1/30: $84.63 Though it's not the best or most moral rationale for holding precious metals, there's nothing like a war to send the prices of gold and silver higher. Add that to the unmistakable inconsistencies in the legacy COMEX/LBMA rigging apparatus and there's ample reason to rejoice at the good fortune of vaulted or safe at home "pet rocks." Unless there's a quick resolution to the Iran-U.S./Israel conflict, expect silver to march well beyond $100 in the coming week and gold to hit new highs over $5,500. The weekly survey of pries on eBay are already pricing in the costs of war. It's not pretty nor desirable, but, it's a well-known fact that when people are having munitions explode nearby, those outside the blast radii will be reaching for something shiny. Here are the most recent prices for common one ounce gold and silver items sold on eBay (free shipping included, numismatics excluded):
The Single Ounce Silver Market Price Benchmark (SOSMPB) leapt higher Saturday into Sunday, to $106.45, a gain of $10.28 cents from the February 22 price of $96.17 per troy ounce. The weekly eBay price survey continues to reveal that retail dealers and casual buyers and sellers alike have adjusted to severe premiums, which remain in a range of 20-25% and higher over spot for small denominations. This Sunday morning, buyers are pricing in the Mideast conflict to an alarming degree. WEEKEND WRAP Well, war it is, then. Whether attacking a nation of more than 90 million people that is armed to the teeth is a good idea for the intellectuals in Washington, D.C. and Tel-Aviv remains to be seen.
For they have sown the wind, and they shall reap the whirlwind: it hath no stalk: the bud shall yield no meal: if so be it yield, the strangers shall swallow it up. -- Hosea 8:7
At the Close, Friday, February 27, 2026:
For the Week:
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