evening wrap, july 7

“With all its sham, drudgery and broken dreams, it is still a beautiful world. Be cheerful. Strive to be happy.” Max Ehrmann

Trading in NY was both contained and relatively busy today. The POC in gold held like a beefy bicep doing reps. Crude rallied for no hard reasons that I could find, although Tucker posted an interview with the President of Iran, which was boring. And Russians are in Iran doing oil deals today. And the usual Trump noise at the usual volume.

OK? Let’s take a breath and do the work. It will be brief tonight. Painless… not so much. Everything was down except gold and oil.