Loading ...Because the PPI showed less inflation today. Less inflation and more inflation are bad for pm’s, as are falling rates, a falling dollar, and falling oil. Also, a strong SM is bad for pm’s, but a weak SM can also be bad for pm’s. Sometimes when the sun comes out it can also be bad for pm’s as well, but also when it rains.
Understand?
I mentioned yesterday that they were going to keep the metals below $4400 and $65 on the week. They also know the importance of the chart that maddog posted on GDX.
This is nothing less than a coordinated attack from the feds and their banker henchmen. It makes absolutely no sense.