The US Dollar continued to benefit today from weakness in the euro.
Gold was hit hard, and silver confirmed the breakdown in a determined bear raid.
Intraday commentary on the metals here.
The long bullion - short stocks paired trade continued to work today. I added some metal positions during the battering. And I took off the short hedges, but I may put them back on depending on how things go.
Jim Sinclair had some interesting comments on the gold trade at King World News today.
