Say what you will… I thought that I had identified a price support level last week, and the market started to reverse off of that to the upside. Tuesday was an ugly day for the miners… not so bad for the metals.
I last wrote that I would look to see if that support had failed… and, it did not. It held. It wasn’t even violated.
And, now, as of 6:18 am EST Wednesday morning, the metals prices are up overseas. Let’s see if this might translate into anything later today, after the Fed speaks. It just might be able to mount a rally yet… don’t give up hope!