It's quite difficult to believe that it was just one week ago. Seriously. It was just last Monday that CDG was $2000, CDS was $26.50, GDX was $41 and the entire sector was ebullient.
It almost seems like we're on another planet. The move from one extreme to the other has been so dramatic and so quick that it's a little hard to process. Again, last Monday the experts on Twitter were almost universally predicting new ATHs before the end of April. Luckily (I guess) , I tried to be the voice of reason by pointing out where we were on the Comex calendar. What has happened since is...