Looks like they’ve sent out an attack party in advance of the numbers. Looks overdone already, but I guess it could get worse. It can always get worse.
I suppose it had to happen as GDX took out the 20, 50, and 200 day moving avgs. over the last three days. Breakouts are strictly prohibited.
Oil down to an $85 handle. Dollar up a smidge. 10 yr. up 2 bips, SM mixed.
Let’s see if they buy the news in the pm market.