Stocks sold off early, on signs that the 'peace' in the Mideast is an illusion.
Gold was sold but bounced back a bit. Silver shook off the sellers and gained for the day.
VIX fell of course.
The Dollar continues to hang around the 98 handle.
Japan is selling dollars to support the yen. But their portion of the DXY index is not large enough to move it.
Bitcoin fell back to support on the higher end of the 80k handle.
I continue to believe, very strongly, that if the 'peace' with Iran falls apart, the markets are going to crater, and take a number of things with them.
But cooler heads might prevail.
Donald regrets getting himself into this, against the advice of his own intelligence agencies and military.
But Netanyahu wants to dominate the area, and Iran stands in his way.
Why Trump allows himself to be used in this way is a puzzle. Every president since Reagan has been approached with the same proposition, and turned it down.
Perhaps some day the truth will be revealed.
In the meantime, the mispricing of risk continues.
Let's hope for the best, but prepare for the worst.
Have a pleasant evening.
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