Loading ...We’ve stumbled at the end of the month in 3 of the last 4 months. The chart of the HUI looks like it may be set to do the same this week with the RSI at 68 and its 50 pts. above its’ 50 dma. Doesn’t mean it has to but seems likely. We are still in the pm market.
So, we start with the dollar up a bit, rates up 1 bip, SM a little lower, oil a little higher, and Bitcoin taking it on the chin for $2K after a huge day on Friday. Crypto has not been strong for the last couple of weeks.
Our pm’s are a little lower, nothing scary. PM shares are on either side of flat.
No eco data worth noting really. Just a plain vanilla day where we hope they don’t pull the usual low volume bleed.