The 'deal' for an enduring ceasefire between the US/Israel - Iran fell apart rather quickly this weekend. I am sure you can read about the questionable conduct and progress of the discussions for yourself.
And on Sunday evening the stock futures opened significantly lower as one might have expected, given that they had recently rallied sharply on word of the ceasefire and discussions.
But fear not, as is customary on a Monday these days, stocks were elevated higher by steady program buying that squeezed all the precautionary shorts from over the weekend, and then some.
This is a familiar play, in my opinion orchestrated and promoted by Treasury Secretary Scott Bessent, with his facilities in the ESF, and his cronies in hedge funds and Wall Street.
The Dollar took a serious dive.
Gold and silver were hit hard overnight, but eventually took back their losses and posted modest gains.
Even Bitcoin managed to gain back everything it had lost over the weekend, and ended up where it closed on Friday evening.
So, great success, right?
Welcome to Fantasy Island.
If you have not figured out yet what is happening, and the risks that are involved, then I probably won't be able to say anything that can penetrate and persuade.
You will just have to see.
This is certain to become more interesting. I would, however, like to be watching this unfold from a much greater distance.
Have a pleasant evening.
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