Catching a break with bonds in rally mode. 10 yr. up 8 bips
GLD is over $180 this am which will put the RSI above 70. Funny thing is that nothing else in the sector has an RSI of 70. Have to think GLD can keep going above 70 while everything else catches up. The big hope…
Oil is the new gold, it can’t hold a bid, was up $1.30 earlier, now only up $.40
As so often has been the case lately, silver is lagging yet again. Gold bearing down on $1960
edit: Crimex opens in 5 minutes, silver needs help or it’ll take everything into the tank with it.
edit: Crimex opens and silver spikes, gold too. Let’s see if we can hold above $1960 and $22