Loading ...Interesting that you bring up oil. Something is not right there. Oil and Nat Gas up over 3% does not make a lot of sense with the dollar “so strong”.
There’s something going on that we are not privvy to yet in the energy markets. Whether it’s with the Saudi’s or something else, it looks like oil is going to skyrocket. Not very often we see a 3+% move there. Something has broken IMHO.
I do think eventually gold, and even silver will sniff this out and start rising regardless of the dollar index.
In the meantime though, it is death for these miners.
In one sick way, I’m glad to see them finally collapsing because the slingshot could be epic.
A couple of the biggest dogs in the silver market – AG and EXK are actually holding up pretty well, while the large caps get crushed. Course they’ve been obliterated for months, but the large caps are playing catch up.
Popcorn time. The misery index is about to explode.