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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (5593)	9/30/2022 8:34:29 PM
From: stuffbug	1 Recommendation Recommended By DinoNavarre Respond to of 10745

I don't know all the nitty gritty details off hand but there is anecdotal evidence of shortages, particularly with respect to retail products. 1 ounce gold eagles are quoted at spot + $150. The paper market in gold and silver has severely disconnected from the physical market from time to time. I believe we are witnessing another major disconnect. Exceptional strength in the US dollar is masking the underlying conditions. Miners very often lead the way - GDX closed today with a beautiful bullish engulfing candle on the weekly chart; up over 10% from Monday's 2 year low. Bad week for the S&P500 but most energy and material stocks registered gains - GDX, XLE, COPX, URA, VALE, RIO, TECK, FCX, .............