The G&S follow through on the U.S. debt downgrade made new highs at $1498 and $43.55.....total moves from 4 trading days pre lunar crest are gold up $54 and silver up a whopping $3.88.
But Monday madness has just creamed both...with gold down $15 and silver down $1.40 from highs in just 30 minutes. So, perhaps we get an intraday correction [or] 1-3 days at worst before resuming up.
DOW, S&P, HUI, Oil all getting head handed to them with the downgrade warning.
This is the wild west and the complexion changes faster than I can type.
Let's just say we had a magnificent G&S move from last Tuesday into early today, but the moves did not benefit many PM stocks. We should by now know why, so I will pass on much comment there. When ETFs, hedge funds, and Comex officially lose their grip, we fly....not before.
I have yet it is [now 10:30 EDT] to look at even one of my PM stocks....self punishment is not my thing...will check in around noon. You too need to step away from this if the aggrevation is too much.
We are on the correct side longer term...make no doubt....pic
