"The real problem of humanity is the following:
We have Paleolithic emotions, medieval institutions, and godlike technology.
And it is terrifically dangerous, and it is now approaching a point of crisis overall."
- Edward O. Wilson
🚨 PRECIOUS METALS ARE CRASHING
$1.48 TRILLION has been wiped out from precious metals in the last 12 HOURS.
Gold is down -4.1%, wiping out $1.22 trillion from its market cap.
Silver is down -7%, wiping out $260 billion from its market cap.
BREAKING: Massive violent explosions and tremors now reported in Bahrain in a new wave of Iranian strikes, with residents saying the whole ground shook and no sirens sounding this time.
Fresh lows in #gold and if you were listening to the @NTLiveMedia Sunday Open show, we discussed this butterfly pattern which targets 3900 roughly.
It's a 161% extension, and a flush below the 4K level would trigger a ton of stops. While below the 200dma, no reason to be long here.
You want to be long, try 3900. I know @paxtrader777 is looking at this level with me.
-ONE FOR THE BEARS-
Weird 3 days.
Look at the graphic below.
I SAID LOOK AT IT.
▪ A -2.5% day on SPX
▪ Followed by two days that saw at least a further -1.98% intraday drop
▪ BUT 1st day close was still the lowest close
Next 3 days? A sea of red.
More bear market moves in a bull market.
BREAKING 🔴
U.S. CENTCOM says American forces launched strikes on Iran at President Trump’s direction in response to the downing of a U.S. Army Apache helicopter.
Here it comes… the Iranian threats:
Iran’s Deputy Parliament Speaker Hamidreza Hajibabaei threatens that any U.S. attack on Iran would put all regional energy facilities in the crosshairs of Iranian missiles, with consequences for American interests lasting years.