Quite a coincidence … yesterday Iran tells Hamas it won’t be joining in and then today we have unfrozen billions of dollars for Iran. Some calming of the waters makes Joe look like a statesman. If the likelihood of a nuclear war is reduced I’m all for it, although what mischief is going to be done with those billions? Maybe Iran doesn’t want to get in a big war with Israel now because their nuke weapons aren’t ready?
“The only problem they have is it looks like silver wants out of its box with all that’s happening behind the scenes in physical demand / supply so it will be interesting to see how far this intervention goes.”
Up over 2% today! Things could get interesting!
What will those coming Treasury auctions bring … can’t figure there’ll be much demand at all.
Cheers
Out for a bit