It may not seem like it but the metals face a pivotal 24-48 hours. Either the 2016 rally will extend from here or The Banks will win and the next stage of the Spec wash&rinse cycle will begin.
And, absent any significant news, what will drive gold and silver higher or lower? The USDJPY, of course. So, we begin today with this chart from Monday, Feb 8 and, below that, the updated chart from today:
On a side note, the sham/scam/illusion/fraud of a "stock market" continued today with the HFT algos only choosing to peg to crude oil when crude oil is rallying!
But the primary focus of this podcast is to prepare you for a very important 48 hours ahead for the metals and the miners. To that end, we spend the balance of the show discussing these four charts:
And again, please try to join us tomorrow for A2A with Bill Holter.