Loading ...Just in time to give cover for a dovish Fed. Good news is good news.
So, as I thought everything is rallying with gusto, even pm’s.
Bear trap in pm’s, bull trap in the dollar. Dollar smashed, 10 yr. down a whopping 16 bips in the last two days – almost as good as a .25 cut. Once again, the big players were tipped off, and it was evident in bonds yesterday.
We still have to get through the Fed announcement, and we are always prone to being sold off at the open, but silver is up $.90 and gold $22, shares responding the way they should.
Hopefully this is the beginning, and we never look back, but somehow we always do. Fingers crossed.