Loading ...Looks like gold down $23, will finish giving up all the gains of Mon. – Tues. at the open this am. Silver fairing better down $.15, but since the RSI barely touched 70 yesterday, it must pull back. Still holding $39 somehow at the moment.
Captain mentioned a slew of gold contracts came on the market and they’d be coming after gold. Definitely appears to be the case in the last couple of days.
Dollar is flat. Rates also flat after jumping 6 bips yesterday. SM futures mixed, tech up, industrials down. Oil up near 1%. Bitcoin flat.
PM shares down 1-2% premarket. No doubt they’ll take the HUI below 440 at least at the open. I suppose they could target 420. I mentioned a couple days ago there wasn’t any real volume in the shares, we’ll see if that means anything. Probably matters if we see heavy selling.
Eco data – PMI’s and New Home Sales. Could move things a bit.
Powell hasn’t been fired yet, despite the fraud of his $2.5 Billion Fed renovation. Have we just been softened to the word “billion”? How does a renovation cost $2.5 billion dollars? If I remember right, Larry Silverstein insured the twin towers for $4 billion and that was enough to get at least one building back up, wasn’t it?
These people are just stealing from us left and right. Nothing short of amazing.