Loading ...and the QQQ’s are down, so naturally the metals are taking a hit.
Ther is something odd taking place though, the shares haven’t really seemed to notice just yet and aren’t really getting hit, especially the large cap gold shares.
The silver shares aren’t doing as well, but that’s because they are silver shares, the single worst investment in any market.
We do need something to give here, either the shares (GDX in particular) need to break up or break down. They can’t continue to go sideways. The same can be said for GLD and SLV.
Always safe to bet on a breakdown. I’d continue to hope, but hope has been lost for months now. We had a 1% move down in the dollar the past two days and got nothing from it.