About that overbought sentiment in PMs
… nowhere even close yet!
https://twitter.com/marketplunger1/status/1777998959404888224
I just wondered why the poster’s Twitter handle contains “plunger”? Calling Sir Plunger!
GL
… nowhere even close yet!
https://twitter.com/marketplunger1/status/1777998959404888224
I just wondered why the poster’s Twitter handle contains “plunger”? Calling Sir Plunger!
GL
After getting the slats kicked out from under it with the CPI this morning, PMs have come roaring back. Impressive – especially with the dollar up pretty hard.
And now, from 24.49 to 28.02 in minutes, even stronger shakeout attempt, this time more impactful than the overnight one (more band in lesser time)
The bounce should resume around 27.95 if not from higher intra-hour low.
GL
I’m trying to chart by the 15-minute window. The call for 27.95 silver floor holding is good for now.
More importantly, 10-year rates have now eked above 4.50. May be 4.20 is the new floor?
GL