Miners & Silver Leading
At the time of writing…
Gold down 2.83%
Silver up 1.63%
HUI up 2.89%
GDX up 6.12%
GDXJ up 7.44%
(uranium miners up too)
At the time of writing…
Gold down 2.83%
Silver up 1.63%
HUI up 2.89%
GDX up 6.12%
GDXJ up 7.44%
(uranium miners up too)
Noticed this action too, NS.
I could argue the FED bought everything but we know they didn’t buy those. Also, miners are up last few days. Monday markets were down and they were ripping, good sign. BIG QUESTION, what happens when/if the markets resumes downturn? How will it look if we go back to all time highs and most small businesses fail. Unprecedented and extraordinary times!
That is what you wanna see in a precious metal bull era… + we have stocks in our tail wind.. which is good. NO more liquidity events… I think the market is believing the fed will do enough.
UNless a liquidity event when dxy hits support.. markets/gold hit resistance… etc. It gonna make a nice excuse.