Loading ...Somehow we’ve jumped back above $2K, with some help from our friends in London?? Thought we’d get some downside follow thru, but that appears not to be the case, with silver up 1% and gold up $14.
Why are we up, you ask? Rates and the USD are down, silly.
Here’s the look:
USD down 1/3%, 10 yr back below 3.4% to 3.38%. Bitcoin up another $1K, above $30K. Soft commodities are up across the board, anywhere from a half to 2%. SM up a little. Oil up $.58.
The shares appear mixed, with NEM leading the downside after they raised their bid on Newcrest – good for a $1.15 hit. Outside of NEM, I don’t have a good read on many of the other shares just yet.
Looks like we have a chance to recover yesterdays’ losses. Doesn’t get any better than that if we do.