Loading ...The SM has been selling off while pm’s have been rising. PM’s overbought, SM oversold. Now that Iran/Israel has had their little hand slapping contest and oil is well under control. Does that mean this reverses for awhile?
Seems gold could easily dump another $100, silver another buck maybe. The HUI could go all the way back to 235.
The dollar seems to be a non factor. It’s a little early for our summer doldrums, but that doesn’t mean anything to pm’s if they’re going to sell them off, there’s not much to stop them.
Was sort of hoping this was the beginning of an out of control up move but the share action hasn’t supported that.
So, I guess we wait.
Would love to hear some thoughts. Maddog gave us some e-wave stuff.