Loading ...No new banks went belly up over the weekend, so the scum has decided to take advantage and it looks like pullback time for pm’s.
Dollar flat, rates up 8 bips. No doubt we’re going inverse of rates lately, until we’re not.
GLD has some support right here so I’d be surprised if it got below 180. OTOH, pm’s always go down further than I anticipate. We never quite made it to being over bought, maybe this will leave room for a nice rally when it’s over.