Which is it? I think silver is telling the Truth.
Silver is bouncing and Gold is getting nailed. Gold has continued to be battered because of this BullS*** BOJ USDJPY Ramp. Look at this.
Every time USDJPY begins to roll over it gets ramped higher at sharper pace. This is the reason the market (SPY) is still rallying into this FED where I believe many things are now over/under priced and they will be evened out again. Silver is bouncing, GDX and NUGT (Miners) have held the lows. Things don’t go down forever. Gold Futures are mispriced.
GOLD longs hang on tight…Silver is right and it’s Gold’s turn too.