Loading ...It appears that the SM correction is game on.
PM’s acting like pm’s although silver is flat at least.
If this is the long awaited selloff in the SM, we know that eventually pm’s will outperform after being sold in the early stages of the pullback. Even Bitcoin is being sold again, and I’ve heard a few pundits say that Bitcoin is the ultimate hedge against inflation – don’t think so – acting more like a tech stock.
Fed meets next week so there’s alot of room to sell prior to the meeting. We’ll see if a couple 1000 pt. losses in the SM wakes them up – doubtful.
Is this a repeat of 2001?