Loading ...$5 away at the moment. Looks like silver might have decided to join the party as it’s been flat for a while but is now inching back up. The dollar is faltering with the 10 yr. flat. No doubt in anticipation of a rate cut. Crypto is flat. Oil is up near 1%.
PM shares are solid premarket again.
I think anyone who’s been around the pm market as long as most of us have, must be waiting for a flush. I suspect if they cut .25, then we’ll get flushed hard, the markets won’t like it, the dollar will likely rally, and rates will actually rise. Just a hunch. How long it all lasts is beyond me. IMHO, if this doesn’t happen and pm’s continue higher, then there might be something else and much bigger going on with pm’s, maybe a revaluation? I say this because we are well past time for a pullback.
Some eco data today, the biggest is probably retail sales at 0830.