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Message: All commodities are getting hammered

All commodities are getting hammered

posted on Apr 16, 2010 01:13PM

All the commodities and PMs are getting hammered today. Big takedown in gold and silver this morning, but that will be temporary until after options expiration. Goldman Sachs being charged is probably also a red herring, but a good excuse to take down the PMs and PM miners. All the miners I watch are down today, so the action in SFMI is not surprising. It will give the shorts a chance to cover. Hoping we'll bounce that much higher on Monday.

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