Ahh, yes. The 80s greats Bad Company. But I digress……
Silver is running, as is gold. In fact, they are extending past R2 levels and we’re only 9 days into the month. Whatever levels there are here, though, throw them out the window as the dollar has potentially just started it’s reversal lower. 77 was breached for a short while, but it may have been just the retracement seen in normal flowing markets.
Funny thing is, silver and gold never bit on that and never even thought of correcting themselves – a sign of buyers running to get on the train.
Trade ’em well and hold on to this, for it may just be getting started. As always, trade the extremes.