Loading ...Moving down on heavy volume. Hoping the 50 dma holds on GLD, maybe just below it? SLV – Hoping the 200 dma holds there another buck or so down. HUI 220 wide open for a test now. HUI has been leading and needs to show some leadership and snap back first and maintain that uptrend with a higher low.
RSI’s 40 or below, an odd place for a selloff to begin.
Pretty brutal day. SLV has really gone sideways for the last two months, it’s a wonder the shares kept pushing higher. $24 is a huge line in the sand for someone I guess.
These selloffs always seem to go deeper and further than I ever expect.
Do shorts have to cover their shares in pm’s? Could use a little covering in the last half hour…