Heigh-No, Silver!

a shiny short

It's a rough day for the bears, with indexes up about 1.5% to 2% across the board. I'd like to redirect your attention to a specific asset class, however, which is precious metals.

Attempting to defy gold's ascent has been a fool's errand for days, weeks, and months. I've burned my hand on that skillet a few times, even though I'm a long-term fan of precious metals in general. Indeed, their ascent has been a lusty siren about the Fed's failure. Still, by any measure, gold has gone absolutely ape, and as rarely as I use technical indicators, allow me to show a few below to drive home the fact that gold, God bless it, is in la-la land.