Loading ...Based on the way the funds were dumping PM stocks today you might be right. A bounce at a minimum is certainly in order.
I am using MUX as my sector signal, where I’ve got it going as low as .45 before it bottoms, so Monday could be interesting.
At some point even the stupid hedge funds will need to start buying again.
Hopefully sooner rather than later.
They are bound to wash out of the PM stock selling soon now based on the way they were panicking today.
GDX down 20% at one point but recovered.
Unfortunately that doesn’t mean a damn thing these days.
Cheers