Loading ...Looks like they got the call overnight to stomp silver back down. Currently, gains from yesterday are gone. Gold faring a little better, but that will change.
Dollar looks to open higher, but 10 yr. down 3 bips.
This action from Friday makes a lot of sense if the Fed is about to cut. If they do, despite their best efforts, gold and silver will explode. That’s the only hope I can see. Otherwise, it will probably be another long and ugly summer of despair.
SM futures are weak, Bitcoin getting hit, down 4%. Somehow, that is comforting. 🙂
I pulled up the COT Report. I know it’s all lies and butterflies, but it is an interesting look. Seems as though volume is drying up? Not much longer before the non- commercials will hold no shorts, and the commercials will hold no longs.
CFTC Commitments of Traders Report – CMX (Futures Only)
Anyone know what silver is doing in Shanghai? I pulled up a site and converted yuan to dollars and it looked like it was on par with the world markets? Somehow, I thought Shanghai sold at a premium?