Maybe testing the strength and getting things ready for the scum at Crimex. Dollar still down, although coming back a little with rates. Oil smacked now back below $75. Bitcoin down 1%. SM flat but weakening.
PM shares certainly not panicking with gold down $17, NEM down $.15. Nobody is rushing toward the exits yet. SLV only down $.05
The COT shows the scum reloading the shorts in gold but adding longs in silver. Funds doing the exact opposite. Nothing crazy.
CFTC Commitments of Traders Report – CMX (Futures Only)
Crimex open should give us some clarity.