It appears we’re going to get a little deeper pull back to work off this overbought condition?
Not sure the where the HUI is going, maybe 280?
Weird, when I started typing this, gold was down $28 and silver down $.42 – Then in the blink of an eye, the losses were cut in half, now down $14 and $.21. Never see that happen to the upside but it just did this am.
Seems it’s almost a given anymore that if the SM is up, the next day it will be down and vice-versa.
So, 10 yr. @ 2.01%, USD down a bit, no real headwinds on that front.