Loading ...now down 2 bips. Dollar up a little but still close to flat. Should bode well for us.
SM futures still down between .25-.50% nothing big.
Oil still up a couple bucks sitting at $89
Would love to see another $50-60 up day. SLV is approaching the $21.50 level again, whether it can break through it and keep going is anyone’s guess. The scum still has a lot of shorts in both metals, so while they are cleaning the Hedge Fund and CTA’s clocks in this squeeze, they still have a lot to cover themselves, that is assuming they ever have to cover their short positions.
GLD and SLV blowing through their 200 and 50 dma’s respectively this am. We’ll see if the scum tries to bring them back below. RSI’s 60 and 55, so plenty of room to run.
Didn’t realize the DOW has been in rally mode for the last couple weeks while the QQQ is diverging and looking to roll over.
Get some popcorn, the God’s of all thing financial will let us know where we’re headed shortly.