Loading ...Rates flat, so I guess that’s enough to bounce the dollar a little and sell the metals back into the $32’s. They’re trying to rally tech, but can’t really get it going, so they’ve bought Bitcoin and other crypto. Crazy. I think Bitcoin is at an all-time high here near $111K.
Outside of that, oil getting hit for a buck, now back at $60. PM shares taking a hit, but not too bad for most. The exception there is always AG, HL, EXK. Those three stocks always get whacked harder than everything else when silver is down. Been watching it daily for years. I would also include NEM on the gold side, but they seem to use NEM more as a tool to keep the indexes and ETF’s in check.
Some run of the mill eco data today. We’ll see if they can rally bonds after all the selling lately. Markets around the world got hit overnight, makes me think they won’t be able to hold our markets together today, but you never know.
Silver getting crushed now, rates ticked up while I typed. Probably going to be an ugly day.