Loading ...Now we know why the shares were crushed the last several days, they’ve been telegraphing a move down in the metals. Course, the move looks big, but we’re down a little over 1% in gold and less than 1% in silver. Nothing crazy like Bitcoin being down 15% over the last week but still will likely cause the shares to get smashed back toward HUI 310 again.
End of the month shenanigans I suppose.
Everything else is bouncing, including Bitcoin which is currently up $2200. Pretty feeble bounce by Bitcoin standards. SM, rates, dollar and oil are all bouncing modestly as well.
Eco data this am includes the PCE’s, Durable goods and weekly jobless claims. All of them will miss, showing further weakness now that there’s a new administration.
and the beat goes on…