This shouldn't be news considering the earlier post showing exactly the set up for a DUST long which needs GDX to bounce. Taking a quick look at them before the close, I'd say the PM's will bounce with the miners, if not tomorrow (op-ex pin), then I'd suspect by Monday.
I don't see the high probability trade in a bounce, but as posted earlier, the DUST/GDX short, perhaps GLD/SLV as well.
Keep in mind the Billion dollar Gold futures dumps out in the wide open, someone wants those seen and is gunning for lower prices in the PMs, this very well could be to accumulate them at lower prices which is what I suspect longer term for miners.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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