Loading ...Nothing should have rallied today really. The eco numbers were all great except that producer prices were up again. Retail sales were also up, but because of gasoline. This seemed almost like a hyperinflation rally in everything except for pm’s. Funny thing though, the shares were up, maybe dragged up by the SM, although volume was heavy – especially in the silver shares.
Back in the day, the shares bottomed first and lead the way. The pesky dollar keeps rising and keeping the metals down, but of course, not the other metals. Oil is going to really hurt these miners if the metals don’t get going. Now above $90.
Maddog – Russia and China are going to make a move, Russia has to retaliate in a big way after the port attack using UK missiles. China is going to move on Taiwan, given the west’s weakness with energy. The middle eastern countries will provide them all the resources they need.
Everyone has had enough of the psychotic west. JMHO