Loading ...Up $.80 now, with gold up $10. Silver got as high as $42.50.
It’s a little bit of a surprise that we’re up at all, given that the dollar and rates are higher. Is someone having inventory problems with silver in London or on the Crimex? Surely the paper players are having some problem with their short paper.
PM shares are up again, but silver shares are ripping in the premarket. It’s awful early, and we’ve seen these spike moves in the overnight markets get reversed many times before, so I guess that’s a possibility. The RSI has been sitting on 70 for the last two weeks, but the chart looks to be breaking up and out of this short consolidation. We’ll see.
Oil reversed and is up near 1% but still just below $63. Bitcoin is flat, but must’ve had a decent move yesterday.
It appears that this truly is IT!!!!!