Loading ...Silver popped through it’s last resistance until the old top. Beware, silver is the bitch of the metal market. Gold is at the last resistance point.
some of the talking heads are looking for a bear market in PM. A good close in gold tomorrow will negate the possible H&S top and push to new highs. I have no idea where the shorts will cover, but they have to be getting nervous.
The grain markets have turned up after a long bear market so the entire commodity sector may have a rally while stocks languish. Wheat, which is the bitch of the grain market, should do a seasonal run up. Corn and beans are watching for a frost.
Seems to be some under current in the markets. The Comex open interest in the morning should give us a clue.