Loading ...just in time for month end. Good excuse to take the metals to the woodshed, silver especially.
The shares aren’t getting hit as bad as they should be IMHO. WPM and AG barely down. HUI down 1% or so with gold.
Feels like window dressing, and maybe taking some option players out at the $2500 level on both sides of the game.
Whatever, I think we’ll find out where we’re really headed next week. Funny, with all the dollar machinations, gold is right about where it was two weeks ago, despite the dollar and rates. 10 yr has been creeping up toward 3.9% all week. Not too long from now when the dollar softens or confidence slides or war, the Fed will be the buyer of last resort as bonds selloff like crazy. There’s no other way out for them.
Going to go catch a movie, you all have a great weekend.
Welcome back Goldie. Sometimes we just need a little reprieve. 🙂