The US risk markets are engaged in a stunning mispricing of risks.
Gold and silver were smacked lower as the Dollar gained a little more and is touching the top of its trading range.
I think this is more 'technical trading' post-FOMC and ahead of the triple with option expiration in equities tomorrow. Target gold and silver miners.
VIX has fallen back into complacency.
I have been watching the SpaceX IPO, its introduction, ascent, and falling back.
The official and financial corruption in the US has become a pandemic of malfeasance and mismanagement that I do not think many here would have seen in their lifetimes.
It will take the people a long time for correct this, because the 'establishment' is caught in a credibility trap in which they can admit no wrongs in order to correct them, because of their deep and ongoing complicity.
Have a pleasant evening.
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