Loading ...Dollar has come racing back, but the shares haven’t tanked completely.
Powell must’ve tried to downplay the cut, but he can’t do that without taking the SM down, and he did. This is all program selling and they’ve waterfalled silver, but the shares don’t look horrible.
We might have to wait until tomorrow, but the rally will continue. They do this at 90% of the Fed meetings, so no real surprise that they’d try to wreck the charts. Too bad we have to put up with this stuff, but we’ll just come back tomorrow and Friday, if not by the close.
NEM still up.