BREAKING: OIL opened at $101 but then erased the gains, slipping below $97 and turning negative after 30 minutes of trading.
U.S. stock futures are now recovering.
Bitcoin is back above $68,000.
ETH is back above $2,000.
Market is pumping after Iran confirmed the death of Supreme Leader Ali Khamenei.
People are taking this as the end of the war between the US and Iran.
BREAKING: Gold and silver posted their highest monthly closes ever in history, with gold at $5,278 and silver at $93.76.
Gold jumped 7.83%, adding $2.68 trillion to its market cap in February.
Silver surged 10%, adding $480 billion this month.
Bitcoin is nearing all-time oversold territory.
The weekly RSI is now lower than at almost any point in history/
The only readings lower since 2016 were in:
- November/December 2018, when Bitcoin crashed from $6,000 to $3,000.
- June/July 2022, during the collapse of 3AC and the eventual insolvency of Genesis.