gold being down just .3% and the HUI dropping 9 pts off the high–jnug down 8%-etc–was signal that tomorrow they would hit comex gold futures hard–but today i say that gold futures will be up and so will PM stocks–DEFLATION is not a death sentence for gold
Gold is the currency of last resort—
PM stocks down while the Papanese yen is UP 1000 bps and the $ index is down 352 bps–btw-I expect no bounce in PM shares today