gfp: I think all the angst and fear means the big drop that's coming eventually isn't here yet. Severe Bear markets are born out of euphoria or complacency. A nasty bear is coming, but it isn't out of hibernation quite yet. And I think the whole tariff thing is overblown. A tempest in a teapot. I think the week ends with the markets marginally higher. The next time the VIX drops under 18 I will start to unwind my position. But gold is up another $38 and I have a really big position riding on that continuing.
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