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Gold came screaming back and got as high as $2,011, before settling in at around $2K spot – up $11. Silver is the weak sister again, still down $.13 with the other commodities. USD is flat. I’d guess rates are flat too, but haven’t seen quotes just yet.
Oil getting whacked again, it’s in freefall, down another 3.5%, to $66.
The real action is in the SM where the futures now down over 1%. They’ve got some work to do. I guess everything isn’t “fixed” just yet. The first day of spring may be a rough one for stocks.
Bitcoin up over $28K after some weekend buying. Trying to act like a safety play?
So, as I’ve been typing this, silver has reversed and now is up a penny. Gold up $14. Good stuff folks!
I haven’t been sleeping through the night since we’ve been on the East Coast. Some of it may have to do with the excitement around pm’s lately, but my dogs also go out to the bathroom at least once, and once I’m up, I’m up for at least an hour. That’s why I’m up now – dogs needed to go out.
If gold would jump up to $3K, I might sleep a whole lot better! 🙂
Gonna go one of two ways. If down, the Credit Suisse deal will be the excuse – everything’s fixed ya know! If up, then there’s just no stopping the juggernaut that is approaching. 🙂
Maybe even some fireworks.
I did hear Yellen say that, she’s as dumb as she sounds. Turns out SVB was a Demonrat Bank, all leftie’s from Silicon Valley. They just ran a bank into the ground and all will be made whole. Yellen said only “some” banks. That was good grilling by Portman who is a RINO. You have to wonder when the RINO’s won’t be able to stand by and watch the country go to shit?
re 200 Banks ……Did u see that car crash questioning of Yellen, by the Senator from Oklahoma …she basically threw all the smaller banks under the bus, being the idiot she is…..