Stocks slumped hard, and went out on the lows.
They may have trouble propping them up as they have been doing, because the attack by the US and Israel on the Iran natural gas fields is a serious escalation that will open the door to much greater destruction and harm to the global economy.
Gold and silver were hit hard again, and the Dollar rose back to the 100 level.
The lack of a flight to safety in gold is a little puzzling, but there are several possible scenarios at play here. Time will let us know which one is correct.
Bitcoin was hit in the selloff and fell back to its intermediate trading range.
The possibility of a more serious market break in March is increasing. And if this is not resolved, I will start looking at a setup for a much steeper decline, perhaps in September-October.
Have a pleasant evening.
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