Some things not computing. Rates down, dollar up. Silver down 2%, Gold up a couple bucks. Underlying stocks, mostly small and mid cap miners taking the brunt of the hit, silver shares my worst performers.
So, are the industrial metals about to correct? Silver too?
The USD makes zero sense today.
Ipso – One thing does make sense, pm’s moving higher as the SM tanks. Finally, after years and years of waiting. The First Republic thing should also be good for gold.