Loading ...Every time I start to get confident that I think I know direction, the hammer comes down and the metals and shares get crushed.
Shares are performing well today relative to the metals and the markets. I’d love to believe that’s an indication of future direction, but I know better. Shares may indicate downside dirction of metals, but never upside.
So, the moral of the story, as you say, is don’t get happy and all bulled up and buy call options thinking you’ve got things pegged because the buyz will pull the plug on any rally without a moments notice.
Fundamentals, projected Crimex undeliverable defaults, etc, etc. be damned.
Silver is a perfect example today, SLV climbed all the way to positive and within minutes they took it down 1%