Loading ...GS loves gold! Ha! – that’s trouble to be sure. 🙂
They’re selling everything this am and buying dollars, I guess. Bonds, Bitcoin and gold holding up the best, but not up. They got a head start selling our pm’s yesterday overseas. Silver was down $.38 yesterday and another $.22 this am. Gold only down $8 from Friday.
The only thing stronger than the dollar is the Yen right now.
I imagine most everyone was expecting a fall correction, I know the Captain has been pounding the table. We’ll see if this is it. Probably going to see pm shares get pounded if so. Silver is already breaking, and gold will buckle too. We’ve never seen a correction where it hasn’t. At least gold is starting at $2500 before the fall instead of $2K and silver at $29 instead of $22.
Going to watch the volume today. I’d think it will be heavier now.
Might be time to do other things for a little while until things get sorted out.