Last nights 4 ICBM's from North Korea may have screwed things... no idea at this point. Just got up, haven't had my coffee so can't say for now. I still think bias for Gold and Silver is up, but if I jump in I'll be playing for quick gains, not long term.... for now.
Logically, they'll want USD down to incourage exports and boost US economy, so metals up. Yellin raising rates March 15 won't be to stabilize the economy, she'll raise rates to give have a few bullets if things go south.
You want guidance for metals, look at USDJPY. USDJPY down, metals up, it's that simple.
Made 1$ (5.86 - 6.90) Friday on JNUG. In cash now.... I'll have my morning Joe and will see later what I'll be doing.
Happy trades!!
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