spawns
By Brien Lundin
“War, what is it good for? Absolutely nothin’!” — I’ve had the classic Edwin Starr song running in my head ever since news of the U.S. bombing of Iranian nuclear facilities broke Saturday evening.
I
No War Worries In The Markets
Summary
- The markets are accurately and efficiently determining that Israel-Iran conflict is no big deal, Iran is essentially helpless, and little will come from all of this.
- Geopolitical brush fires are almost never a reason to buy gold.
- The correction that began in April is marked by a downtrend line that was clearly broken in early June, as I alerted you at the time.
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