Support held over the weekend, and the metals are up a bit more overseas, as of 7 am EST. I had called for support at about this level, and that it might result in a tradable move up.
Nimble traders could try to play this move. It would be their buying action that would catch the eye of others, and potentially result in a ‘real deal rally’.
I said nimble. Keep a stop under the floor, and keep that number to yourself… don’t leave it with your broker; lest someone run the price down to snag your stopped out shares from you.
As of 8:25 am EST, nearly all the gain of 7 am is gone, but not entirely… price support is still in place. That is, until it isn’t. Here’s hopin’ it holds for real!