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correlations: sometimes they are magic

  • Thu, Aug 27, 2015 - 03:24pm

    #3

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3148

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    correlations: sometimes they are magic

So soon after I posted that last, silver rocketed higher (+3.03%), following copper (now up +4.47%) which ended up dragging gold along behind it.  Because I was watching copper & oil, I had a sense they'd probably drag silver higher – and they sure did.

Now we just get to see how it closes.  But if the commodity complex can pick itself off the floor, that should help PM quite a bit.  Especially silver.