Myrmikan Capital's Daniel Oliver: Trump's gamble and gold

8:52p ET Friday, March 13, 2026 Dear Friend of GATA and Gold: In his commentary today, Myrmikan Capital's Daniel Oliver reflects on the possible impact of the war in the Middle East on gold. Oliver writes: "We do not like presenting only bullish scenarios -- gold and the gold miners are investments, not a belief system. And we caution that we have little insight or opinion on where gold can trade in the short term as liquidity flows push it around.  ... Dispatch continues below ... ... ADVERTISEMENT ... Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history. Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.  With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico. For more information, please visit: http://www.gsilver.com/ "In terms of value, however, it is not easy to see how the bull market in gold can end before the dollar system is radically overhauled. ... "Trump likes huge risks. He is president because he has won more than his fair share. Toppling Iran is the biggest gamble of his career. Victory would reestablish American international power and diminish America's enemies, perhaps boosting the political value of the dollar to the detriment of gold.  "Trump's economic advisers actively seek a weaker dollar, however, and the Fed will soon have no choice but to begin printing to sustain federal deficit spending and to bail out the financial industry, which gold will love. And failure in Iran risks becoming an American Suez crisis, precipitating the final demise of the U.S. dollar." Oliver's commentary is headlined "Trump's Gamble" and it can be found in PDF format at the Myrmikan internet site here: https://www.myrmikan.com/pub/Myrmikan_Research_2026_03_13.pdf CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. [email protected] * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png