Gold stock sentiment indicator. Are wages beginning to break out? https://www.investing.com/news/stock-market-news/walmart-sweetens-pay-for-most-us-hourly-workers-on-the-coasts-2435165 Primary evidence of inflation, particularly for items not in the basket - food and energy. Wage rises are also a contributor to inflation. This is something that cannot be clawed back by the Fed. . The silver short squeeze is on the horizon. When the PM sector turns, and it will soon, we are going to see fireworks. Physical demand is going to swamp the banks. Demand for delivery is 20 times what it was this time last year. https://silverseek.com/article/bullion-banks-sell-even-more-silver-do-they-have-it . NASDAQ leading the market down - rotation? . Overnight, overseas gold stock indices rose 3-4%. All metal futures rose strongly last night. Probably because of a dip in the USD. Producers could do quite well here today. I still expect a go at cracking $1,700. Probably around the end of the week. The indicator dipped below the 10 dma yesterday. This is a very deep bottoming period. C'mon boys, dump or cover those shorts. Here is the indicator. .
