Loading ...We were hanging in there until London opened and then the three amigo’s – oil, the dollar and rates woke up and pissed in the Cheerios. All higher now with rates above 4.45%. Remember, 4.5% rates are the jumping point, as in off the SM cliff. Markets desperately need the war to end as we escalate with ground troops while talking about a deal. There’s the rub, everyone who talked deal with Witkoff and Kushner was assassinated. So, no more talking to them, they want JD Vance.
Would be nice if the 200 dma’s held, but I think there’s little hope of that with the SM in trouble. So how low can we go? Always a lot lower than we ever think possible.
But, Bitcoin is down 3% too now, so nothing is working.
And….silver is the first to buckle, who wouldda thought?