03/16/26 – Afternoon CommStock Report – Getting Rope-a-doped by Iran

The “Rumble in the Jungle” heavyweight boxing fight between Joe Frazier and Mohammed Ali is analogous to the beginning of the war with Iran. I hope the outcome this time is different. Frazier was expected to win, superior to Ali in strength, reach and all the other metrics that normally determined the outcome of a boxing match. For the first several rounds of the fight, Ali covered up, took a pounding from Frazier, leaned back into the ropes and survived the onslaught. Frazier was eventually tired and became frustrated. Ali would not surrender and Frazier could not put him away. Is that where we are now? Our military is tiring and our president is frustrated by Tehran’s refusal to quit. President Trump is no quitter.   We have pounded Iran’s military to where they have run out of targets. In terms of drones, small ships and mines Iran has such a depth of resources that we will run out of missiles before they do. They produced 10,000 drones per month before the war. If they stop sharing with Russia, they have plenty. As they have hesitated, our military is obviously reluctant to escort tankers through the strait. Either we did…