This may be the BIG black swan

[beauanderos]

posting this here because I'll be curious to see what effect (if any) it will have on precious metals prices.

We may just have witnessed the unfolding of events that lead shortly to WWIII

If the military coup in Turkey was successful... and the new powers are pro-Russian... our guys will want to unseat them.
If the new powers are pro-American... the Russians will wish to unseat them. If either attempts to accomplish just that, there could well
be immediate "boots on the ground" repercussions.

No matter which outcome (if either) ensues... the already unstable region just became even more destabilized.

Thinking that we could see another post-Brexit type of metals explosion on the open Monday.

[wheeler_dealer]

Thanks for posting this. My thoughts were on same line. What really stirs the thoughts were the shelter in place directive. I would not want to be a tourist visiting there right now. Depending how the weekend plays out i was thinking Monday could see a good bump in pm's. Especially gold.

[Know Common Cents]

Between the needless slaughter of over 80 souls in Nice, France, yesterday and the coup d'état in Turkey today, we have a bubbling caldron of hatred affecting many millions of people whom aren't usually prone to strike back at anyone. Governments across the globe may try to calm their populous, but, likely to no avail. This could be the tipping point, boiling point or whatever point you refer to that'll incite the mob mentality in their search for some type of revenge. Again, the innocents will be those whom are most adversely affected. So sad.

The world will be watching the reaction of the talking heads in each major country. These heads-of-state could easily incite others or their own citizens into a full-scale war. As much as I'd celebrate the meteoric rise of PMs resulting from this, I'd sacrifice those $$$ for a return to sanity. Perhaps that's just the Myth of Sisyphus and we're doomed to this life for many generations into the future. Certainly is a pity.

[Rastatodd]

Between the needless slaughter of over 80 souls in Nice, France, yesterday and the coup d'état in Turkey today, we have a bubbling caldron of hatred affecting many millions of people whom aren't usually prone to strike back at anyone. Governments across the globe may try to calm their populous, but, likely to no avail. This could be the tipping point, boiling point or whatever point you refer to that'll incite the mob mentality in their search for some type of revenge. Again, the innocents will be those whom are most adversely affected. So sad.

The world will be watching the reaction of the talking heads in each major country. These heads-of-state could easily incite others or their own citizens into a full-scale war. As much as I'd celebrate the meteoric rise of PMs resulting from this, I'd sacrifice those $$$ for a return to sanity. Perhaps that's just the Myth of Sisyphus and we're doomed to this life for many generations into the future. Certainly is a pity.

Well said. In my opinion the world has gone mad. Between this countries coming election and the sad situation in France as well as the ISIl madness this world is a breathe away from armageddon. I think we all need to take a moment and pray.

[IdahoCopper]

Never postulate anything after two "ifs" in a row.

[Thogey]

Never postulate anything after two "ifs" in a row.

Now, that is wisdom. It's hard enough to hit one "if". Anyone who parlays bets knows this.

[pennypicker]

Now, that is wisdom. It's hard enough to hit one "if". Anyone who parlays bets knows this.

I first learned my lesson on betting parlays at the Cal Neva sports book in Reno back in 1986. Homey doesn't play the parlay game anymore

[blackrabbit]

Anybody have any links to good info on the Turkey attempted coup?

[Market Harmony]

This black swan is looking more like a tarred chicken

[68Camaro]

Unfortunately the coup leaders were badly prepared and they will pay the price. This was a coup that most likely would have restored secular democracy. Turkey as a EU and NATO member, but as an Islamic "republic" - which is the direction they are heading - is a nightmare and it is that which could become the black swan out of this.