Appears the boys in London are being overwhelmed for the moment. Gold up $20 and silver up $.35 at this early hour.
Dollar down a little. Rates flat. SM flat. Oil down to $73. Bitcoin up 2+% above $60K
There will be fresh 52-week highs in the miners today if this holds.
I’ve no idea whether this is a make-up day for yesterdays’ dollar weakness, or whether it’s a head fake before a Crimex flush back below $2500. OR maybe there’s something rotting under the system. Powell speaks at Jackson Hole this week, so anything can happen.
Not knowing and going through the fire is the beginning of wisdom – I know nothing.
I like what I’m seeing though. 🙂