Loading ...Gold steadily higher by $10 or so this am. Silver down $.15 mainly because it was up yesterday nicely, so that cannot continue. One of those silly rules we deal with daily.
Dollar and rates giving back some ground as they should, both were way overdone yesterday on data that was weak but the algo’s treated as strong. Dollar was flat earlier but seems to have a little downside momentum in the last hour. 10 yr down 3 bips. Not helping us so much although we did get a move up against a stronger dollar yesterday, so maybe a wash?
SM flat, oil taking it on the chin for 2% back to $76.37. Bitcoin up 1.4% but still below $60K in the $58K range.
There was an article about the vast majority of Bitcoin holders hanging onto their coins. Makes sense because of the immense gains, but also might invite a big shakeout to dislodge some of the players. I’m looking to buy at sub $1. 🙂
Not a big eco data day, housing numbers and consumer sentiment. Usually not big market movers.
Been watching AEM’s chart. Such a steady mover, tracking gold perfectly and making new highs without big selloff’s immediately after. Will you get the doubles and triples like 1% of the juniors do? No, but you won’t be stuck with one of the 99% of the others that go to zero. Greed is a terrible thing, especially in pm shares. Wish I had learned that a long time ago.