When a kid my mom used to say when I hesitated, "Get the lead out!" Well, there must some lead in silver this week because it continues to make lower lows. We just had another leg down to $US spot $16.27....down from the Oct. 14 high [remember Oct 13-14 when Jupiter turned direct] by $1.80.
Gold is holding near yesterday's low and has somehow held that $1031-1032 support which represents the 2008 high, while silver continues to plummet. This is somewhat encouraging. One of these relentless silver dips will be the low for the week. Gold has fallen a net $40 from it 10/14 high.....and that was only 11 trading days ago.
ECU trying to hold Monday's low, but the CDNX has fallen from 1350 to 1278 over the last 6 trading days alone....down another 22 today....hard for canadian resource stocks to get traction with "lead in shoes".
And the the &CANDO is melting against the $US....Where are you, November?....pic
