Don’t you feel that way, too? I mean, come on. The Comex precious metals have done nothing but go straight freaking down for weeks and, at some point, you feel like none of it even matters anymore. Which is precisely why we are now likely at an intermediate low.
In fact, I wouldn’t be at all surprised if prices completely reverse today and finish green. Why? Stonks are up and the POSX is flat. The only thing hindering a rebound today is the bond market, where yields are storming higher…up 12 bps but still down 25 on the week….