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Stocks were their usual wobbly selves in the early trading.

However, around 1:30, there was a longer-dated Treasury auction that was not received well by the market.

And so down risk assets went.

Interestingly enough, the Dollar bottomed around that time, and then gained back a little of its losses.

Intervention or a 'flight to safety?' No way to know for sure.

But gold and silver rocketed back to go out near the highs of the day.

VIX ticked up slightly.

The US markets are a mispriced accident waiting to happen.

The talking heads are reassuring. As they often are, when talking about other people's money.

I sold some of the miners I bought last Friday at fire sale prices.

My allocation to equities was the highest it has been in a very long time.  

And was highly concentrated.

So now it has been reduced to something a little more comfortable, and amenable to hedging.

This afternoon, I watched this interview, 'Deadly Betrayal' with Jeffrey Sachs and US Air Force Chief Dennis Fritz about the endless wars and American exceptionalism.  

There is some interesting information disclosed, which you might find to be illuminating about things that happened then and are happening now, that you won't hear on the mainstream media.

It seemed to fill in some of the blanks I still had from my own intensive reading into these things. 

We have surely have been misled by those gripped with an illness of the mind and of the Spirit.

And the band played on.

Have a pleasant evening.

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