Loading ...They are breaking us down completely now, especially silver. So much for silver being so expensive on the Shanghai. We did get a 3-day rally in silver that ended a week ago but failed to make new highs and now of course is crumbling well below the 50 dma. So much for all the supposed shortages.
Gold, OTOH got a whopping 10-day rally, but as of the premarket they’ve already wiped-out half of those gains.
The shares will of course get obliterated.
Just once I’d like to see us reverse on a day like today. Just once I’d like to see all the reports about shortages and Crimex volumes, and running out of metals amount to higher prices – but they never do. It’s all complete bullshit.
There’s no wonder this disaster of a sector can’t get any real money interested. You touch pm’s, you get burned, plain and simple.
Bitcoin is up over 1/2% though, isn’t that awesome?