Silver quietly made a new 2008 high around midnight at $17.60, and from there retraced to $17.19 early this morning, currently at $17.38.
Gold fell $14 to a low of $913 this morn and currently is back over $9.24, so we could just have seen rolling intradday corrections.
Canadian PMs have not reacted poorly, and neither have the HUI and XAU even tho the DOW is down 60.
Platinum and crude oil have cooled today after a TORRID last week, and posts on forums have slowed like calm before a storm.
SH Bullboard has Club posting at 3:00 AM and rats firing blanks at me although totally unprovoked. There are a couple of nerer posters who have stepped up to counter the doubt mongering.
After this short pause in overheated metals, perhaps we can see if this sectors finally lifts off. This comatose environment is setting up a significant break, and any break to the south would be fast and the end of the oversold cycle. Odds are very much in the long's favor, but one final insult is always possible. That is why we must stay humble and civil. That no longer happens at SH.
