Loading ...The “TELLS” Are Popping Up All Over
There are numerous tells popping up all over. GL pointed out the delayed treasury auction.The spike in interest rates and stocks dropping are confirmation while neither is a surprise. The real BIG tell is what is happening with gold and silver. While gold is being managed and is bobbing up and down opposite the moves in equities, silver is showing excellent relative strength and is up over two percent on the day.
Yes, sir CM.
Today is another day where classical TA and risk management is in my book, taking a back seat, and FOMO on buying quality juniors is winning.
On second thoughts, if this is a rising tide for silver juniors, will quality really matter? Or will quick 2x-3x baggers added?
If I was a “LINO” (Learner in name only) I’d not do this but again giving credit where credit is due to Dave Hunter … digging into my memory, I had not even heard Hunter’s name until an year or so ago … when I started going to Twitter more often when the “Wall Street Silver” movement was gaining steam … Hunter has been relentlessly harping on the 10-year rates rising to 2% and even 2.1% before “Fed will act”
https://twitter.com/DaveHcontrarian/status/1473260728442400773
The bigger point is … HOW will the Fed ACT? They can’t raise rates when the rates are already rising, can they?
Which leads me back to Jim Sinclair’s famous formula:
https://www.jsmineset.com/jims-formula/
Today I miss another great, the late Richard Russell.
GL
Even older Hunter tweet … https://twitter.com/DaveHcontrarian/status/1463514881769054215