I had gotten that intelligence that showed where bonds, interest rates, gold and the dollar were, and put that in an earlier post. These were all at support or resistance. Well, I said it would likely go one of two ways… back off of those support or resistance levels, or finally smash through them.
I expressed a hope or opinion that they might break through, and that was what I would be watching for, as gold would lift off… but, alas, such was not the case! Bond prices fell back from resistance. Bond yields rose from support. And, sadly, gold fell back from its 200-day moving average line, which is current resistance.
So, our miners have not been having a good day. But, my common stocks in other corporations sure have. You gotta find a silver lining somewhere!