After an improbable 13 down day streak, Silver
is looking certain to break support. Originally GDX
was leading the metals down, now the rest of the metals complex appear to be "catching down" as @mark_dow highlights. I have been short for some time as I prefer to sell highs when bearishly inclined, nevertheless, this could suggest a further extension... Which makes me wonder, perhaps this is related to Chinese flows and related fears about the credit quality of Anbang and HNA!?! Perhaps, I'm just reaching for causality here.