Been out all day but definitely looks like this has been a buying op for the shares, especially the silver shares. Even the HUI looks like it could close up a bit.
I guess they could surprise us with more selling, but it looks like this silver rally is going to advance. Not a terrible day for the metals considering the bounce in the dollar. SM not hurting us either.
The Fed meeting is two weeks out. Hard to believe they won’t be cutting, doesn’t mean bonds will necessarily rally but should put pressure on the dollar. Should be good for us regardless.
All this is assuming Russia doesn’t use nukes or decide they’re going to lob some missiles in the EU’s direction. They certainly have every right to do so. Sadly.
