Loading ...No idea why though. Doesn’t seem to be affecting much of anything, pm’s or oil. Rates got down to 4.28% yesterday. They’re back up to 4.3% today, but they have been trending lower for the past week and a half, from 4.6%. Why would that be? IMHO, it’s because the economy is crashing, and the Fed will cut. The fix is always in, and the bond market players have been made aware.
Between yesterday and this am silver has gained back a bit over half of Tuesdays’ losses. Gold bounced nicely off the 50 dma and is actually up on the week as of now. Not crazy about the sideway action of the last 3 weeks, but at least holding.
The HUI has also bounced off the 50 day. Truthfully, the charts of GLD, SLV and the HUI look great. The scum makes them very hard to trust though.