Rafi Farber: US Bombs Syria as Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle

It’s getting close to pandemonium in the Middle East as the United States has just bombed Syria “in self-defense” of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons. These actions apparently are “separate and distinct from the ongoing conflict between Israel and Hamas”, according the Secretary of Defense Lloyd Austin, an assertion which must never be questioned.

In response, gold has broken the $2,000 level, though silver the mining stocks have performed dismally as the world political order frays, the money supply continues to shrink, and the final financial implosion knocks ominously at the door. This is what happens when Treasuries trade like penny stocks.

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