the dollar has gone from 79.42 to 80.00 in minutes. 58 point move. you wouldn't believe me if I told you how much i just made on that trade. My silver short worked too, closed it to 34.46. I can take the rest of the year off..lol. my third trade to try and short silver again, isn't working out the way i wanted because silver seems to be fighting falling against the dollar move up but it doesn't matter compared to my dollar trade.
Surprised how well slw did against a rising dollar,also most of the other pm's.
Then when we hit the bogey at 39.98 ,the whole mess headed south,XAU HUI GLD GDX, as if they were taking their cue from SLW.
it's like swimming against the current. inevitably the current will out last the swimmer. I have seen the dollar and PM's rise together several times in the last decade or so, but the odds say one should get out of the way of a dollar advancing so strongly. That is, long positions in PM's tend not to do well.
if silver falls to 34.26 or lower, shorts will pile in aggressively on any bounce upward.