Gold continues to dance in the moonlight, and soars today. To be fair everything except the dollar soared today.
Is that a potential "double bottom"?
Of course if gold did well today, then SILVER is aiming for Mars!
The Miners were not left on the launch pad.
GDX still has a way to go to prove itself. Specifically, I would like to see the September HIGH be taken out which sits at $43.60 per share.
Apparently the US Dollar is not exactly the best "Safe Haven". If you read my last post on Election Day, I stated the following:
"Given that today is Election Day and barring a blow out I do not believe we will have a declared winner for weeks, expect volatility in the markets and as weird as it sounds, on the streets."
Here we are on Thursday and still no official winner. What I said then, I will say again, we will not know who the winner is for weeks after the election.
If you are getting upset, please refrain from becoming too angry or God forbid take it out on anyone else.
My plan is simple, grab a beer and clean my shotguns. Oops that is not good firearms safety besides my guns are already clean so that just leaves the BEER part.
We are living in extra ordinary times, where everything seems wildly out of control.
If beer and shotguns are not your cup of tea, perhaps a nice walk in the woods.
Doesn't the world seem better now?
One last share from a recent hike.
Find a place where the world seems small!
And remember, that the cares of tomorrow can wait until this day is done.
Peace out and stack on!