So I guess this is how it works now. The POSX rallies back to reclaim 50% of its losses from Friday and this prompts enough algo selling that we lose 100% of Friday's gains in the Comex metals.
As you know, I've been doing this for nearly 10 years now. Over that time, I've seen all sorts of temporary algo correlations that have driven me mad. There was the USDJPY link in 2014-2015. Then there was the yuan link in 2018. But all the while, changes to actual fundamentals drove precious metals prices higher from the lows of late 2015. At present, though, NONE of this matters....
