Loading ...I kind of think we’re running out of a little steam in the metals, although the performance of the shares was really good today.
Best guess is that we get a short beat down back to the breakout in the HUI around 160 or so and a bigger drop in gold below $1300. That being said, the action is encouraging – to me anyway.
The cabal has their hands with a tight grip on the metals to keep the irrational exuberance to a minimum, I guess that’s why we see $2-3 moves up to start every morning instead of $10-20.
We’ll see what happens but I’m hoping the wind is at our backs. I know you are like me, we have miles to go before we get whole.