Loading ...as we head into the Crimex open. Silver has lost about a third of its gains. Gold about a quarter.
If they reverse it, that’s pretty standard for pm’s, good gains overnight only to be reversed in the US. I’m surprised we haven’t seen that happen multiple times during this run, and I’m not even sure they’ll be able to reverse it, but we’ll see.
The COT Report showed the commercials big add of shorts on the gold side with 33K contracts, FWIW.
Probably Barrick hedging. 🙂
Dollar has slipped negative.