Loading ...I would expect the Crimex will really try to jump on the silver weakness and turn it into waterfall action. No doubt gold will follow.
The dollar is up a bit, just breaking above the 200 dma for the first time since April. 10 yr. is down around 4 bips and sitting on 4.1%
Bitcoin is getting smashed down $3500. Oil getting crushed as well, down 2.5% and threatening to break below $58. SM set to open lower.
The only things working right now are bonds and gold. Hope that continues, but I’m not sure gold will be a winner at the end of the day.
PM shares don’t look too bad in premarket – a little surprising. Discrepancy between SLV (down $.29) and spot (down $.78)
I happened to look at the COT report yesterday and it was shockingly bland, especially in silver. I would think with the price levels, open interest would be soaring and there would be all sorts of activity.
Let me know what you think.