Thanks for the charts, forced me to take a look at GDX too. Hoping the 200 dma holds there.
It’s hard to believe we’ve tumbled all the way down to the 50 d in the metals. OTOH, the dollar broke well above the 50 yesterday and looks poised to go higher. So, does that mean we continue down after a small bounce?
I suppose it’s all about the 10 yr. Unfortunately, unless we somehow break free from the dollar and rates, it’s hard to see a case for big upside, especially as tax loss selling approaches. This year has gone so fast, but I guess a lot could happen still. One day at a time. 🙂
Rates starting to weaken further in the last few minutes, pm’s firming up, but oddly, not the dollar.