Loading ...$18 breached – 3rd time appears to be the charm today. SM is giving up the gains, there is a seller in the SM that appears to be trying to overwhelm the PPT – tall order though. Almost wonder if it’s the same buyer of pm future’s – but I digress – my optimism always has a tendency to betray me. 🙂
That being said, HUI breached 235 and if the SM continues to sink and the metals continue to climb, I suspect 235 will be a distant memory, despite the USD strength.
I hate to say it, but I think we have a trifecta going. Gold, silver and the shares. Weak SM, strong bonds and a USD I expect may not hold its’ gains. But hey, WTFDIK??