USD is spiking and the metals are crashing! If only someone had seen this coming and called for 17.5 silver a month ago.... in this post.... (https://steemit.com/investing/@jttheat/silver-pivot-point-short-term)

SO, where are we now? I bought all in on JNUG with the rest of my spare cash yesterday. Could I be wrong? Absolutely! But this is the kind of shakeout that one can expect before a big move and especially before big news.

Fundamentals

Everyone is giving lots of reasons for the crash in metals: increased risk of higher rates, Lacker threatening higher rates, better data (though comparably terrible compared to a ''recovered'' economy). The key point to make is that none of this changes any of the fundamentals that have been pushing gold higher. ALSO, the last time they raised interest rates, gold went up for 6 months. In fact, if you look back in history, interest rate hikes generally result in rising metals prices (feel free to fact check this for me - I'm not 100% sure of it but I read it somewhere)

Technically.... No different than what I was saying a month ago, except now we have retraced to the 200 day moving averages, fibonacci's, support levels, and intermediate cycle low. Conclusion? Buy the bounce. Markets are already closed so you may not even get the chance. That said, let's see what happens tomorrow!

Everybody Panic!

ps. Right before Brexit, gold made a 38% retrace and silver made a 50% retrace. Coincidence? I think not!

Good Luck. Have Fun. Don't Panic!
-JT