John Rubino Substack - For many voters, the best thing about Donald Trump, the presidential candidate, was his entourage. He was surrounded by smart, courageous people who had spent years opposing the Aristocracy on existential issues like regime change wars, vaccine mandates, censorship, and illegal immigration. With them running major departments and dominating cabinet meetings, at least some good […]

John Rubino Substack - Today’s schools are pleasant environments for some kids and torture chambers for others. In particular, boys with short attention spans and high energy are deemed mentally ill and drugged into sitting still for eight hours a day. Like so many current things, this is a scam designed to enrich a small group of providers (in […]

John Rubino Substack - I’m just going to say it: Christian and Islamic cultures can’t seem to co-exist in liberal/capitalist societies. And deciding who gets to define right and wrong is going to require some kind of culture war. The UK seems to be the front line. See: Civil War in the UK? UK Civil War: Wow, That Escalated Quickly The […]

John Rubino Substack - If you (like me) keep mixing up Blackstone and BlackRock, you can relax now. They’re both in serious financial trouble, so you can assert that either is “imploding” and be more-or-less right: BlackRock fund limits withdrawals as redemptions rattle private credit (Reuters) – BlackRock (BLK.N) said on Friday it has limited withdrawals from a flagship debt fund […]

John Rubino Substack - Oil has been one of the worst-performing commodities lately, due mostly to rising US production and relative peace in the Middle East. Well, that peace ended with a bang last weekend, and oil has erased its price declines. Higher gasoline prices are likely to follow. While oil was spiking, pretty much everything else tanked on […]

John Rubino Substack - Welcome to the Era of Mixed Feelings. The world is still at war… …but stackers are getting rich: The “Epstein class” is now a thing: Next up: culture war Alarming Study Shows Average Somali High School Senior In Minnesota Committing Fraud At Just A 5th Grade Level (Babylon Bee) – An alarming new study of Minnesota schools […]

John Rubino Substack - Quite a rollercoaster we silver stackers are on. The metal’s price gaps up, making us geniuses. Then it tanks, replacing our self-regard with angst. And then it does it all again. Some behind-the-scenes games are definitely being played, and here’s one of them: Start with the fact that Jane Street, a semi-obscure investment bank, recently […]

John Rubino Substack - A growing number of people, fed up with dysfunctional cities and craving a simpler/safer life, are fantasizing about homesteading. But only a tiny fraction of that group has actually made the move. Why? Because that level of self-sufficiency is vastly harder than it looks. Or…at least it was vastly harder. Two breakthroughs might revolutionize the homesteading concept: Starlink […]

John Rubino Substack - First came the Epstein files, which seem to implicate half of the West’s ruling class in bafflingly monstrous crimes. Then, perhaps to distract us from those crimes, came the announcement that the US is about to invade Iran, home of a major oil supply route and lots of missiles. Then, perhaps to distract us from Epstein […]

John Rubino Substack - It’s been a brutal few days for precious metals, especially silver: And — completely coincidentally — China’s gold markets are closed. Here’s an AI summary of the situation: The Shanghai Gold Exchange (SGE) and Shanghai Futures Exchange (SHFE) are closed from February 15 to February 23, 2026, due to the Lunar New Year holiday, with trading resuming on February 24, 2026. […]

John Rubino Substack - The Asian Guy phenomenon is a wake-up call for podcasters, as the same avatar — and AI content-generating engine — proliferates in the precious metals space. Now, he/it is branching out into other fields. Recognize this voice? The point? AI is beginning to affect people who thought they were immune to artificial competition. Here’s the psychological basis […]

John Rubino Substack - One of the wild things about copper is that it’s now trading at an all-time high price while supply and demand are more or less in balance. Kind of makes you wonder what it will do when the long-awaited shortage hits. According to commodities analyst Rick Mills, we’re about to find out because 2026 is […]

John Rubino Substack -   Silver just had one of its steepest declines on record: And this might be why: (Economic Times) – Russia is actively considering a return to the US dollar settlement system as part of a potential economic partnership with President Donald Trump, according to a 2026 internal Kremlin memo reviewed by Bloomberg. The proposal outlines […]

John Rubino Substack - Incrementum just published its Monthly Gold Compass chartbook. As usual, it tells the story of an epic bull market that still has room to run. Here are some of the highlights, with a bit of commentary: Gold is doing great in US dollars but even better when priced in foreign currencies.   When valued in gold, the […]

John Rubino Substack - Many of you have probably heard at least part of this story. But for those who haven’t, read on because it’s wild. And potentially favorable for our silver. Let’s start with a Chinese whale putting on a Hunt Brothers-level silver futures short in Shanghai: Silver, possibly in response, tanked: And then — while the markets were […]

John Rubino Substack - Let’s start with Bill Gates, because he’s one of the more baffling characters in the Epstein drama. I have some liberal friends, and without exception, they think Gates is a good man. A typical conversation goes like this: Me: You know Bill Gates is buying up millions of acres of farmland, right? Liberal friend: He’ll […]

John Rubino Substack - The broad equity indexes — especially the tech-heavy NASDAQ — are falling hard this morning. This was always going to happen at some point, with the real question being how it would affect gold and silver. In other words, will our babies be thrown out with the bathwater when margin calls start forcing leveraged speculators […]

John Rubino Substack - With the world hurtling towards a monetary reset, everyone suddenly wants the gold miners. Just this morning: China’s Zijin Gold to buy Canadian miner Allied Gold for about $4 billion (Reuters) – Chinese miner Zijin Gold will buy Canadian miner Allied gold for C$5.5 billion ($4.02 billion) ​in cash, the companies said on Monday, as […]

John Rubino Substack - About a year ago, a political scientist predicted civil war in the UK. Here’s the intro of a post I published at the time: I just watched a disturbingly plausible video about the rising odds of a UK civil war. The source is David Betz, a professor of “war in the modern world” at King’s College, London. He […]

John Rubino Substack - The odds that $5,000 gold and $100 silver would happen on the same day seemed pretty slim. Yet here we are, with that being a very real possibility: There’s no deep message here. It’s just pretty cool to be right side of history in such a decisive way. Even wilder times are no doubt coming. […]

John Rubino Substack - Back in December, I suggested a strategy for addressing silver’s epic bull market (and resulting correction risk) that involved betting on action, not direction. From that post: Enter the Volatility Spread There’s a simple options strategy for times like this. It’s called a volatility spread, and involves buying mirror-image calls and puts for a given security. […]

John Rubino Substack - Suddenly, the whole world is either selling US assets or threatening to do so. And based on Donald Trump’s recent World Economic Forum speech, in which he demanded control of Greenland and ridiculed multiple globalist scams, “sell America” is a trend with legs. The main beneficiary? Gold, of course. See this from Kitco: Gold blasts through […]

John Rubino Substack - It’s amazing how fast the human mind acclimates to “new normals”. Silver is an obvious case in point. A year ago, $40/oz seemed like a good intermediate-term target. Now, if the price drops below $90, it will be a “crash.” So let’s take a beat and acknowledge the fact that silver — if you actually […]

John Rubino Substack - We still have a while to wait for the gold/silver miners’ Q4 and full-year 2025 earnings. Newmont, one of the early reporters, is scheduled to release its results on February 19. But after that, the deluge. And a fun deluge it’s going to be. Sticking with Newmont, here’s a chart of its past year’s earnings versus […]

John Rubino Substack -   The world remains a pretty dark place. But at least there are a few, um, silver linings: Silver Ape King@SilverApeKing #SILVER 5:40 PM · Jan 12, 2026 · 80.9K Views 97 Replies · 232 Reposts · 2.15K Likes Meanwhile, in geopolitics… Is it all a distraction? At least our kids have good daycare…   S