Loading ...“Interesting that he is surprised it hasn’t come with a bigger move up in rates. I’m not sure we’re going to see that this time around.”
If we see a big selloff in stocks going into the fall, then we can see a C wave down in rates and set an important bottom then.
“I see SLV closed right on the 50 dma and right at the $32.50 level. I like the way that chart looks and where it sits but we’ll see how it goes.”
Silver likely goes to $35 soon but would get smacked down again with the larger equity complex at least one more time. When traders are sure a lasting bottom in stocks is in – then – and only then – when they are sure QE is back in black – will the marginal players plow into it with vigor.
Good weekend