The new week begins with another reset lower of rate cut expectations. As such, Comex digital gold feel by about $6. But Comex digital silver really took it on the chin and, at one point, was down more than 2.5%. Yikes!
But, whatever. This is simply accomplishing four things:
- Clearly out excess optimism about monetary policy...for now.
- Washing and rinsing the Specs and placing them onto the short side.
- Setting up the next short squeeze and trading possibility.
- $2500 will now buy you 11 ASEs instead of 10.
So today we...