Observations and Questions...1. For the past 3 days we saw TNX climb significantly and trade as high as 5.15 yesterday.
2. Yet, during that time most gold stocks and spot gold went down in price.
3. Was TNX sp driven up artificially or was there more than meets the eye in that exercise?
4. Today, I think most of us were expecting a continuation of the upward momentum...in anticipation of some good news.
5. However, at the opening bell, humpty dumpty came tumbling down - and once again no news good or bad. A small correction would not have surprised me because after all nothing goes up forever...but this was more than your normal correction.
6. Volume so far today is about 768,000 in Canada and about 3.9 million in the US
7. So.......what in the world is going on? What triggered the big dump today? And why is the sp gradually creeping back up?....well I think it is - the day isn't over yet.