Loading ...Down to $73. Not sure how I missed that or why it’s down almost 10% in just over a week. I imagine it may be because the economy has fallen off a cliff- noted in the ISM Manufacturing Data yesterday.
There is another jobs report coming Friday, then a Fed meeting next week. Hard to believe.
Oil down should also be positive for miners, but I digress….
Rates have fallen 20 bips in the last week, the dollar looks to be falling again today. No help.
FWIW, I think the Fed cuts next week.