Loading ...I think the rotation has started this week, but it’s been slow. The little signs are there, the shares outperforming on both the down and upside this week. We’re not running away on the upside unless the SM does, but we’re also not completely cratering when the SM sells off either. Today is a good example, HUI is flat while the QQQ’s are down 600+ pts – over 1.3%
Last week, the HUI was down over 2% when the QQQ’s were down 1%.
They still have the paper markets under their control somewhat, as we can see with silver. That needs to change, yesterday they sat on gold, but it seems they can only handle one market at a time. The shares are being accumulated IMHO, but I don’t think it’s too long before the momo players come in.
This has been totally different than the previous market selloffs. Our metals have held like champs with the exception of a couple of days last week. Maybe the dollar is helping. All JMHO.