Loading ...Gold up $68 and silver up $.17. Same script, let gold run, keep silver pinched.
Dollar is weaker, but not too bad. SM futures trying to bounce. Oil and Bitcoin up near 1%. Rates flat.
Gold just a few bucks from $3500. Amazing run in the last couple weeks.
Silver OTOH having trouble trying to break $33, only $.05 away right now, but having more trouble than it probably should be having.
The HUI chart is giving me pause. It’s flatlined the last 3-4 days at the 400 area and looks like it could break down soon if this continues another day or two. I guess that would either coincide with a break in gold, which would take silver down as well. HUI is near 30% above its 50 dma and doesn’t usually get more overbought than that. At least it hasn’t in the last 5 years.
I suppose a sharp move higher in silver along with a SM bounce could give the HUI a lift, I don’t know. Hard to bet on that happening though.
High tonight in gold is $3499.70.