So, the U.S Dollar is getting worked as of late-Monday night/early-Tuesday morning, yet the metals are basically dead in the water? C’mon Man! (as the fellas on ESPN’s Monday Night Countdown would say).
I am still looking at a silver short if this action keeps up, and the metals are unable to bounce on a government shutdown, particularly below $21.70 on silver futures.
Weekly chart of the UUP ETF for the Dollar here, note the ominous breakdown attempt in progress from a multi-quarter consolidation.
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DUST survived the Fed and could easily double by the end of the year . And we are about to receive our quarterly dose of disappointments from the miners .
SLV down 3.5% in pre-market.