Loading ...Dollar up solidly, 10 yr. up 4 bips. Spells trouble for us as Aladdin’s algo’s kick in and do the logical thing – sell pm’s.
I looked at the charts of SLV and GLD this am. SLV is back to the support that broke a few weeks ago at $21.50, but is filling a gap this am – maybe the last gap? GLD also filled a gap last Thursday before the bounce Friday. Whether any of this matters is up to the T/A professionals and of course the paper tigers.
As always, I suppose the shares will tell the story.
SM looks to open higher, I don’t think it will finish higher, but I’m not an algo. 🙂