Silver has lost 2/3 rds. of its overnight gains. Same with gold, although gold was never up all that much. Dollar popping and rates now up 5 bips.
Not really a surprise, we’ve had a heckuva run.
I’m thinking about sitting next week out. Hard to see upside around a Fed meeting. If they only cut a .25 pt. I don’t see how we won’t get whacked for a couple days. Then the dip buyers will come back with a vengeance.
