Loading ...Looks like the BOJ pissed themselves over Monday’s crash and the Yen carry trade is back on for now. So, we have a little dollar strength that we’ll be fighting again. Metals getting a little (very little) dead cat bounce after getting smashed 3 straight days. Silver continues to be the dog that won’t bark. The pm shares are firm in premarket, at least until 9 am EST rolls around and they come in and smack us around.
10 yr. has come all the way back to 3.93% crazy action for bonds. SM futures soaring, after selling off toward the close yesterday. I suspect it will be reversed again today. Oil moving up nicely above $74. Bitcoin has recovered from $50K to $57K. And then there’s pm’s, the pox on humanity, but mostly on goldbugs. 🙂
Iran and Israel should be dropping some bombs pretty soon in the never ending middle east wars. Wonder how much they’ll hit pm’s on that news? How many thousands of points will the SM rally? SM loves war more than rate cuts.
What a life. What a world. Would most people choose this if they knew what it was like? Food for thought.