And the war progresses the antics on the risk markets gets more interesting and volatile.
Today the stocks they pumped up yesterday dropped quite a bit in the early trade.
Wash, rinse, repeat.
And they took back quite a few of those losses as the day wore on.
Gold and silver were hammered pretty hard, almost to a comical degree. Maybe they are trying to get their Non-Farm Payroll jollies out of the way early this week.
That was program selling without regard to pricing and market equilibrium IMHO. They were probably cleaning out stop-loss orders, and giving themselves a chance to square up their own naked short positions.
Ok, let's see where we go from here.
Uncle Buck caught a flight to safety bid today.
VIX spiked and then dropped.
I have not been catching any details on the Asian gold trade so far this week. I'll have to make time to look since the guy I usually follow has been on my 'timeline' on X. Did I use that term right? lol
This war is going to be getting very, very messy as time goes on.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.