No Fear for Equities - Gold Hits New All-time High in Euros

A Question of Balance

“Many politicians are tantalizing storytellers, as they mix facts with fiction, grab our emotion and tell things, they want us to believe. Their factoids are unremittingly reiterated, take a life on their own and in the end become the very truth— until the bubble bursts."

Erik Pevernagie


“The narcissist devours people, consumes their output, and casts the empty, writhing shells aside.”

Sam Vaknin


"Fragility is the quality of things that are vulnerable to volatility."

Nassim Taleb

Stock futures slumped and the safe havens rocketed higher on Sunday evening, as the implications of the assassination of a high ranking Iranian figure weighed on risk perceptions.

But never fear, the markets managed to shake off all these concerns, and reverse their losses and retake much of the losses from Friday.

Huzzah, we win again.

And so stocks boldly stated that there is no fear.  But your friendly financial spokemodel may have neglected to mention that gold just hit a new all time high in euros.

Gold and silver managed to hold on to a chunk of their gains as the dollar moved lower.

I would keep an eye on the former resistance for gold at $1550 to see how things may go into the Non-Farm Payrolls report on Friday.

Trumpolini and his merry band of Banksters keep pointing to the stock markets as vindication and validation of their greatness.   So we might expect some serious attention to be given to keeping up the 'confidence' in the integrity of our US financial markets.   Appearances must be maintained when the reality is rotten.

The Fed owns a printing press, and the Banks own the Fed. Here endeth the lesson.  QED

Have a pleasant evening.