Loading ...I’m probably foolishly optimistic, but I do think they’ll hold. I was glad to see GLD close back above the 50 day, not by much but still. We’ll need to see a bounce tomorrow I think, but they owe us some gains given the dollar action, rates too.
The shares are just the shares, they’ll take any opportunity they can to sell them down. Would’ve preferred the HUI above 420, but they chose today to grind down the large caps, they made that apparent from the get-go. Volume was above avg. in most of the large caps, not sure if they were buying the dips or headed toward the exits. I’d think they were buying. We still haven’t had a good run in these shares, they constantly get beaten back.
I thought the silver shares rebounded nicely from the early morning beatdown, so that gives me hope. Silver got back half of the early losses.
Onward and upward old man! Thanks for checkin’ in. 🙂