Loading ...Mr. Copper – 2014 on the USD move is interesting. No doubt the CNBS folks and some of the consensus folks in articles I’ve read are getting creamed on their bullish dollar bets. Funny, there was a ZH article from B of A where their clients are supposedly wondering if the Fed might do a surprise rate hike of .5% if the S & P got to a certain level. I’ll say this, the only reason the Fed does a hike like that is to defend the falling dollar. If they do, it will have to be a lot more than .5% -think Russia.
Maddog – yes, the pm world looks a lot better tonight. I’m glad to hear you are loaded for bear in pm’s. I’ve been that way for years, no longer looking for these $5 moves but looking for a $1-2000 up move to make up ground. I’ll say this though, I’m really encouraged by the surge in volume in the shares at the close. Probably made a mistake selling GG but I’ve been burned so many times on Sunday nights and COT Reports – taking a little off the table was prudent.
CNBS is talking a lot about Bitcoin this afternoon and it falling. Ethereum is the new rage. I dunno, can’t play there.
Good luck to all, me and Farmboy need a $1 move up in silver next week.