Something just snapped in the “safest” corner of global markets and The Kobeissi Letter is calling it out.
The markets focused research outfit run by trader Adam Kobeissi is flagging a once in a cycle stress event unfolding in gold and silver, and it is happening in plain sight.
In barely three hours of chaotic trading, precious metals saw roughly 2 trillion dollars of market value vanish, even as oil cooled off and US equity futures quietly turned green.
That is the opposite of what every textbook says should happen in a shooting war with Iran, with oil elevated and investors supposedly desperate for safety. LIVE UPDATES
About the Author
