Loading ...We’ve broken big TA levels tdy, so that has produced selling of the shares….but I agree why did those levels get taken out, when both metals were unch or up….and weak Oil is helping bring down costs.
Looking at the SM it is no longer buying the Rig, despite being up 300 plus o/n, the scale of the redemptions is overwhelming it…they knew about all this selling, so had to kill any arb developing in the PM shares …….if they had rallied off that now broken base, they could have gone a long way, hence they had to be drilled.
That said the Rig is still dieing.