A Quarter End Sea Of Red

Tue, Mar 30, 2021 - 10:48am

This is some gnarly, nasty stuff today as the surging POSX (making that move toward 94) is absolutely killing the commodity sector. Throw in some end of quarter window dressing and the "expiration" of the Apr21 gold contract, and you've got the conditions for a sea of red across the board.

Yes, the Comex digital metals are getting pounded again but so is everything else. Palladium is up a little for it's own reasons and I have no idea what "London Gas Oil" is. Shit, even rough rice is down!...

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