But not busy enough to miss a rather interesting move in the metals markets.
For several months silver has been trading in the same range, generally between $27 and $29.
On Tuesday an upwards move started and has blown through recent highs and has blown through $30/oz as of today.
Looking at the charts the next potential stopping point is $36 on a technical basis.
Gold is making a similar move.
Interestingly, for quite a while the various stock indexes and metals have been tracking reasonably closely. But this move is a divergent move. The indexes are losing value while metals are gaining value.
Couple this with recent news articles about some of the big guys in the market dumping financial stocks and buying metals, and things start to look dicy.
Keep steady folks, and keep an eye on this. It could blow up rather spectacularly.
If you were planning on buying metals soon, picking up some more soon wouldn’t be a bad idea.
On a side note, my wife and I were discussing this the other night and she asked an interesting question. How much notice would we get if this all blows up?
I’ll answer that question later on this week, so stay tuned for that!