Loading ...Captain – I don’t know, it just seems like the dollar has resumed its’ downtrend, so that is sort of my thinking. If it reverses course hard off the upcoming double bottom then probably we see some selling for sure in the metals. Other than the COT reports, I don’t really keep an eye on the futures markets like you do, so I really don’t have any idea.
SNG – that appears to be the case for now, although a lot of the miners haven’t exactly helped themselves with earnings. You’d think at some level in the metals, Aladdin’s algo’s will be switched to buy mode. I don’t think the pm mining sector is big enough to matter all that much to BlackRock as long as their precious SM stays alive. Bitcoin is up 4% today, I’d sure like to see pm’s start to move like that. While CB’s are buying the metals up, US investors don’t even seem to have them on their radar. I get the feeling that we’ll wake up one day and all that will have changed and no one will be selling.