The public relations parlay didn't take on Monday, so today we had a melt-up short squeeze, the Bessent BubbleUp part deux, based on the fantasy that the US is just going to call it a day, and walk away from the conflict it started with Iran. And leave Israel to take a pounding.
This is just another opportunity for insiders to continue their looting, which it seems the only thing of which they are capable of doing.
Gold and silver rallied smartly, as the Dollar fell back down to the 99 handle.
Gold and silver speak unpleasant truths, which is why the professional spinmeisters hate it.
VIX dropped back down to the 20 EMA.
Even Bitcoin bounced back a bit, but still within its managed trading range.
Crypto is an artifact of the bubble in the markets.
The West is on course for a hard encounter with reality on a number of fronts.
Europe and the UK among others are already feeling it, and it will get worse. And the US is moving along into a recession, and a severe correction in inflated asset prices.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.