Loading ...i’s 6:15 am…so that’s the deal, eh? The $ index is down .537…but no matter…the Govvie has ordered the G&S rally to be nipped in the bud…gold’s down $10 and silver’s down 17…so at least we know where we stand and what we’re dealing with…
I am not surprised…for years now, the rare days with big gains, like Wednesday, have always marked some kind of top…the so-called “big days”-like the $25 gain on Wednesday…are becoming “less big”…I remember back in about 2004 or 2005 we had a day with gold up $90—the next day, early on, there was another 10 or 15 buck gain…then gold dropped like a rock and ended the day down 20 or 30…that was a significant top.
The day gold was up $90 had no significant news or catalyst…There have been very few days in the past 8 years when gold had a 30-40-50 buck gain…so Wednesdays’ $25 gain looks to be the new upper limit…I hope I’m wrong.