The markets skyrocketed last night when Trump announced that a ceasefire and peace negotiations would be proceeding with Iran. He neglected to include Netanyahu in those discussions, which were primarily driven by Pakistan and China, and not his brilliant negotiation.
In the long term things appear to be dismal for the US economy. The damage that the Trump administration, and the administrations of the past several presidents, have been doing are taking a toll.
Gold and silver rallied sharply, and gold in particular was smacked back down. The currency war is alive and well, and gold is a popular participant to the dismay of the Western Banks who have been allowing gold to move steadily to strong hands to the East.
The Dollar has fallen off a bit and is hanging out on the 98 handle.
Recession is underway in the US. Trump has squandered a dwindling stock of precious resources on foolish adventures, and the debt is becoming a serious problem, moreso than in the past.
Gradually, and then, alas, all at once is the likely outcome in this sort of unfettered mega-trend.
If we do get a break in the price of oil and its related products stock up, because while Netanyahu's coalition has sway in the Knesset, there will be no peace in the Middle East.
And then there is Ukraine, and the failing leadership in Europe.
It's a perfect storm of venal incompetency in the West it seems, and that is not promising.
Have a pleasant evening.
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