Never had the time Wednesday evening to do my regular work here, but the metals had closed down for the day a bit, and the miners sold off a bit harder than the metals did.
Now, here we are, Thursday morning at 6:00 am EST, and the metals rose overnight overseas more than they had declined Wednesday while our markets were open. Will the miners, therefore, have a good day again, like they did Tuesday?
Getting nervous yet? Well, bonds are up, interest rates are lower, and the dollar is lower… the combination of all those macro-financial factors are pushing metals, and hence, our miners, in the right direction for us… that being UP! So, let’s see how this Thursday will go, and I hope to be back to sum it all up after the close.