Despite a slightly higher dollar and a 10 yr that is up 3 bips to 4.17%. Not supposed to happen after a Fed cut. The last 3 cuts have had virtually no effect on rates. Too much debt floating around.
SM mixed, Bitcoin and oil drifting down a bit – not much.
PM shares look good this morning, with many up 2+%. NEM breaking above $100 for the first time ever. Silver back above $64.
Hopefully this is the start of the year end melt-up in our tiny sector.
Looking good for now. We’ll see what the Crimex has in store for us today.
