I have no idea, but what I do know is that last night in Shanghai they opened the am fix at $93. Apparently, that was a bit of a bargain because they closed the pm fix back above $96.
Wondering if this might be why silver isn’t down $3-4 right now on Crimex.
As Captain’s headline suggests, maybe retailers are panicking out while pro’s are calmly buying. You guys know I’m always the optimist. 🤔
Gold, while sucking, has still managed to hold the line at $5k during the tumult of war and sell offs. Can this continue?
Shares are in trouble as long as oil continues to rise IMHO. I see that the U.S. has actually thrown enough paper at oil to bring it down from the highs. Is it possible that we saw a blowoff top last night in the short term and oil got ahead of itself? I hope so.
