Not really - Dow futures down 209 points from Friday's...

Not really - Dow futures down 209 points from Friday's close
Market action Friday is an indication that this long running Thai saga may be getting closer to a resolution.
KCN surged more that the other golds.
What keeps despots up at night is the spectre of mass unemployment.
Leads to disgruntlement and and if prolonged, a mass uprising.
Anyone with even primary school education grows resentful if forced into agriculture
SIN regime has managed longevity with a clean administration and full employment
Thailand has neither ATM
With Thailand dependent on services (read hospitality and tourism) for 50% of it's employment, the gradual reopening the junta was hoping for is now up in the air with the emergence of a new variant last Friday.
Nov - Feb is peak earnings season for tourism with the northern winter, festive season and Chinese NY.
That's fading into the distance
Friday's KCN action indicates junta backed into a corner may look at mining as an alternative.
Not as labour intensive but provides high paying jobs
But no mining company will invest in Thai until the KCN saga is resolved due to sovereign risk.