hard bark
market vibes
March 30…)
news this weekend
The war in Iran was the #1 story again… This is a fairly balanced site on X with active updates.
“No Kings” protests was a very close #2
TSA/airport shut down chaos was #3
In baseball news, Toronto and the Yankees are tied for first place in the AL East.
war updates
Iranian internet is completely down (1% operative), phones not working, no Whatsapp or outside communications in or out.
US/Israeli strikes continued on Iranian missile bases military assets with normal intensity (multiple sources).
Iranian responses have dwindled to 5-11 missiles per day targeting Israel. Iran has attacked some Gulf targets; an chemical plant was damaged. Houthis launched their first ballistic missiles at Israel yesterday (intercepted).
mortality
The Iranian Health Ministry/Red Crescent/Al Jazeera report 1,900 killed and 24,800 injured including hundreds of women and children (these data have not changed for many days). Millions displaced (multiple sources).
Israel: 19 killed - thousands injured (Al Jazeera).
United States: 15 soldiers confirmed killed (three by enemy fire).
in the markets
Gold has a reasonably stable technical look this morning; an isolated high volume low, with 5 days of horizontal activity, the April June roll is winding down and the entire board seems to echo Trump’s confidence a deal can be struck before the April 6 deadline. Otherwise said everything is green but very small beer.
Activity in silver is similar meaning precious metals could do anything here. If I owned silver with location in the 60s I’d hold it but be quick to set a sell-stop on a close under the 200 D MA. There is still a lot of red in these charts.
Last year’s squeeze market is history and we don’t really have a sense of what is going on under the hood in silver yet. Gold is still gold. If gold goes up silver will follow and some kind of a narrative will find it.
It is always better to have the story follow price.
Copper is holding the bottom of the range with 10 sessions trading at, under and rejecting the 200 D MA… Oscillators are heavily oversold and open interest has been falling for days while prices refuse to confirm steep trending liquidation…
