Loading ...especially with a weak SM, a really strong dollar, and rates up 6 bips.
Crypto is bouncing back with Bitcoin up 1% and oil is on fire, up 3%.
Looks like they’re going to take the SM down this month if they can. So far though, some of that money is finding its way into pm’s. At least at the moment we haven’t given up all of yesterday’s gains and the shares are being bid up heavily.
Hope we can sustain it. Then there’s this article on ZH, and that’s what seems to be happening today in real time.
Gold, Silver Soar as India Buys Metal, Dumps Treasuries
BY VBL
India’s central bank has stepped up gold purchases