Everything’s fine. Truly. Nothing to see here . . .

By Gold & Geopolitics - March 18, 2026

A quick word before we get into it.

Some of you have been here with me since before the war. You came for the silver thesis, the COMEX mechanics, the petrodollar erosion – the slow-motion financial story I’ve been tracing for years and started to share recently with the world. Lately however, all you’ve gotten from me is daily missile counts and geopolitical play-by-plays.

I heard you. And I owe you this piece.

The war had absorbed me completely. I make no apologies for that – it’s THE biggest thing happening on the planet, and pretending otherwise would be dishonest. But I do feel it’s coming to some kind of focal point. Not an end, necessarily. More a kind of crystallisation. The kind of inflection point where the consequences of the last two weeks start showing up in places that have nothing to do with Iran.

The Stoics had a word for it. Sympatheia – the idea that all things are mutually woven together, that a tremor in one corner of the cosmos moves through everything else. They meant it cosmologically. I believe in this with my whole heart, mind and soul. Everything is connected.

And maybe that’s why I write these things down. Rupert Sheldrake once observed that crossword puzzles get easier to solve as the day goes on – not because the puzzles change, but because more minds have worked through them. The solutions accumulate somewhere. Call it the Aether, call it morphic resonance, call it whatever you like. The more people who see clearly what’s happening, the more that clarity spreads to people who haven’t looked yet.

So. Consider this my contribution to the Aether.

Let me start with a number. In 1980, when the Iran-Iraq war disrupted global oil supply, the volume lost was around 4 million barrels per day. Painful. The world went into recession. Volcker raised rates to 20% to kill inflation. It nearly killed the economy in the process. We called it a crisis and we meant it.

The current Hormuz blockade is running at roughly 20 million barrels per day.

The futures market, in its infinite wisdom, is pricing a quick resolution.

Trump says . . .

[SNIP]