Loading ...the rally has resumed. Gold up $65 and about to take out $3300, silver up $.57 and about to take out $33
Silver can’t catch up because gold is so strong. No complaints here from me, the strength is really something to witness.
SM futures are shaky, DOW down .70%, Nasdaq down 2%. Dollar down 1/2% or so, 10 yr. down 4 bips, oil down .7%, Bitcoin flat.
Apparently, we seem to be in the perfect storm for pm’s. They definitely seem to perform better when the SM loses steam now.
We just breached $3300. Maybe they’ll reverse all this and take us lower now like they’ve done so many times over the last 15 years, but it doesn’t feel that way.
Looked at last week’s COT Report. Heavy action, but I have no idea what to make of it. Here it is: