Perhaps the story of the day that no one is talking about is how weak the U.S. dollar was with the stock market getting roasted. Often the dollar is a short term safe haven during market corrections. Today was not the case with with the dollar perhaps completing a failed breakout and plunging back below the 98 level.
It’s not surprising that gold made a new high today with the dollar breaking down and silver was also up on higher than average volume.
Disclosure: I am long SLV.
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