At least for now the Comex metals are trading higher as the POSX falls back from the technical resistance levels we discussed last week. Is this the start of a new trend, a bounce or just a fake-out? All of that remains to be determined.
And it's going to be a long week, too. As discussed in the Saturday podcast, pending events include:
- The Oct20 gold going off the board
- End of month and quarter LBMA option pricing
- End of month and quarter chart painting
- The first Trump v Biden debate
- End of US fiscal year ...