A post was made at the site with thoughts about any Ukraine inspired bullishness in the precious metals. You know my stance by now. I don’t like it.
In light of that, the NFTRH+ SLV trade is coming off today. With SLV at 18.77 vs. the original post’s 18.40, it is slightly profitable. I am taking a small profit on my calls and moving on. This is purely because of what I think is external (and non fundamental) stimulus getting into the metals again.
As for the precious metals in general, nothing has changed. There is the potential for a significant bottom to be made. The process may extend over a year (assuming it began last June) before a bottom is confirmed.
