Loading ...SLV was down $.38 yesterday, up $.27 this am. Trying to get the losses back. That’s impressive to me considering at one point SLV was down $.65 yesterday. Spot showing silver up $.37 and back above $31 – so there’s some hope. Also may be why the shares didn’t get crushed yesterday.
The dollar looks to be flat to slightly higher. Rates up a tick – flat.
Gold still the laggard here and going to be tough sledding to get the $30 back that we lost yesterday.
I definitely see the reason for the Captain and Maddog’s optimism in the charts of GLD and SLV. Both completing the “W” formation on Friday, that should (have) lead to some seriously impressive gains.
But I digress, the rig is the only thing that matters.
Watching the shares closely though. They have led the way in every major bull move I’ve ever seen.