I cannot figure out why the magnitude of the smash in the shares yesterday.
Turned out to be a pretty good buying op for a lot of them though.
Would have liked to see HUI close above 420 and GLD back above the 50 dma, but the guys that pull the levers of power said nyet.
I think we could go either way from here, there’s definitely been a long pause in the action for gold. Silver better giddy up through $37 soon, or they’ll smash it back down.
I’m betting we head south tomorrow and Friday. I hope not but my gut says down.
