In another head-shakingly frustrating move, the Comex digital metals have been smashed backward today, making it appear as if yesterday never happened. But it did happen. And we are still on track for what will be a very interesting month of July.
Finally this day is here...which means we can soon put it behind us. This, of course, does not mean that selling pressure will suddenly abate tomorrow. However, as we get into next week and the month of July, chances are high that prices will move higher for both metals and the shares....
I've only got a few minutes to get this thread started today as I'm leaving for the airport soon and will be venturing back to Turdfork all morning. I'll be sure to add extra charts and headlines from the airplane but, for now, the smash in CDS merits the start of a new thread.
Even after an early evening pullback, and even after a rise in bond yields today, Comex precious metal prices are higher today. The "gold" going into the ETFs is surging as well as Comex open interest. Thus, are on the verge of a breakout?