Despite the dramatic action in Bitcoin this weekend, it appears the world's wise capital markets investors know just what to do faced with civil war in America, kinetic war with Venezuela, and nuclear war with North Korea - simple - Buy The Dow and Sell Gold...
Bitcoin suggested some 'angst'...
But the machines wanted to take out The Dow stops from Friday...
Currency markets are dead for now - JPY unch, EUR unch, CNH modestly higher.
While all eyes were distracted with the Trump-demeaning headlines of the foreign sanctions bill, few spotted the hidden mandate that foreign governments monitor cryptocurrency circulations as a measure to combat "illicit finance trends" in an effort to "combat terrorism."
As Coinivore reports, the bill requires the governments to develop a “national security strategy” to combat the “financing of terrorism and related forms of illicit finance.”
Authored by Robert Parry via ConsortiumNews.com,
By pushing the Russia-gate 'scandal' and neutering President Trump’s ability to conduct diplomacy, Democrats and Congress have encouraged his war-making side on North Korea...
Authored by Michael Kern via Crypto Insider,
Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional gold in Azeroth, the setting of the popular massively multiplayer online role-playing game World of Warcraft, pushing Venezuelans to bitcoin to hedge against the nation’s struggling economy.
So, What Happened?
How close is the US to war with North Korea? That was the question several top military and national security advisors struggled to answer over the weekend, mitigating fears of an imminent nuclear war even as Trump raises geopolitical tensions and boosts bellicose rhetoric with every public appearance.
Speaking on "Fox News Sunday", and walking a fine line of backing Trump's tough talk but not wanting to raise the alarm at home, CIA Director Mike Pompeo said there’s no indication war will break out.