With the 14 day RSI rising above 90 this morning in silver, reflecting the parabolic nature of its recent move, all it took was a slight $ bounce against the euro after the early morning’s weakness to get silver and other commodities to reverse course. In terms of the broader market, silver is a great gauge to watch both in its non $ play, gold friend play of course and industrial use/global growth story but also the momentum game in the short term as markets play a game of chicken with the end of Fed Treasury purchases in two months.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.