Loading ...Was hoping we might start to get back on track this week, but even I’m surprised by the strength this am so far.
Definitely appears as the ferret said, China and Japan are back in the pm markets. Maybe the other markets too.
Gold vaulting back above $3300 up 2%, even silver is up $.43 or better than 1% PM shares solid in premarket, GDX and GDXJ up 2% early. Buying the dip still seems to work in pm’s if one has the cajones. 🙂
If we have problems, as usual it will be on the silver side of the market.
The SM appears to be normalizing again too. Futures down better than 1/2% and stopped right on the moving averages. Dollar heading lower, bonds not trading yet, Bitcoin flat after a nice run with tech. Oil is coming back some, above $57.
Pressure now shifts to the Fed. I half expect the SM to get hit aggressively into the meeting.