Dollar Down, Silver Up

Tue, Oct 19, 2021 - 10:59am

We've all been patiently waiting and watching. It seems like every day for the past few weeks I've posted charts that (hopefully) foreshadowed a pullback in the POSX with the idea that this, in turn, would lead to a rally in CDS. And now today, here we are.

Actually, it was just last Tuesday when we discussed the POSX falling back toward 93 and CDS moving to $25. CDS was $22.50 at the time and we discussed that possible move as a tradable rally of 10%. As I type, price is now over $24 and 60% of the way to $25. And do you know why this is happening? Because I never had a chance...

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