Seen that a hundred times, we get a rally on the day of announcement, only to get pounded the day after.
Timely hit too, they took uber bullish silver and turned it into an ugly reversal and kept the shares locked in that 250-265 range. Will hope 250 holds, but doubtful.
Jobs Report today. Hoping for a weak report that sees yesterday’s action reversed. I believe the last few reports we’ve seen a bit of a rally. We’ll see what happens this am.
Speaking of reversals, looks like the Nasdaq is going to give back yesterday’s gains.