The thin lines represent cases when Iran was searched for, and the thick lines represent cases when both: Iran and Israel were searched for.

The colors of the lines represent the short-term impact on mining stocks and silver.

That’s very interesting is that in 1/3 of cases we saw rallies in the immediate aftermath, in 1/3 of cases, we saw declines, and in the remaining 1/3 of cases, we saw price action that was rather unclear.

Silver and Miners: A “Non-Event” Amidst Turmoil?

So, to make a long story short, it seems that today’s event is actually a non-event for silver and miners.

Yes, gold will react to geopolitical turmoil, but:

a)     Other markets are not necessarily going to do the same thing

b)     The impact is likely to be temporary

c)     If you have gold in your IRA, you’re well set for those situations (and you get the tax benefits) – trading miners and silver sometimes (like right now) against the insurance part of the portfolio or against the above-mentioned investment vehicle would provide a specific hedge, where the declines are still likely to be magnified by miners and silver while one is protected against the geopolitical-turmoil-based rallies.

Meanwhile, platinum appears to have topped, just as I had indicated less than 48 hours ago.