MORNING NOTE 9:25 AM

 

Metals are up, and the dollar is slipping. On Tuesday I mentioned the dollar was moving in 10-trading day increments (+/- 1-day) before correcting. Well, it looks like the dollar peaked yesterday (day 11) and prices are now correcting. I don’t know if this is just a 3-5 day pullback or the onset of a more meaningful decline. Next Tuesday’s elections will be the determining factor.

Miners will probably gap higher at the open. I’ll monitor the conditions and update again around 11:00 AM.