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Iran Rejects US Diplomatic Push, Expands Strikes on Israel, Gulf States

Mkts not really impressed …..

Metals looking pretty strong despite the dollar being flat, rates are down 5 bips though. SM is strong, oil down and threatening to break below $88. Bitcoin up $500 or so.

The pm shares look to explode out of the gates with GDX up 5.5% in premarket. Virtually everything is up 5% or more.

So what is it? Just a bounce or the beginning of a new leg higher? Or, is everything dependent on news coming out of the M.E.?

Seems maddog’s wave counts are on it with the wave 4 up scenario followed by the final wave 5 down?

It is the end of the month, be nice not to have to be subject to that drama. Hopefully, we’ve found the bottom.