A Decent Bounce?

41
Wed, Mar 31, 2021 - 11:08am

In yesterday's podcast, we discussed the likelihood that the POSX would soon pull back from heavily overbought conditions and that this would lead to a bounce in the Comex digital metals from their deeply oversold conditions. And here we are. So now what?

What's interesting is that this day has played out nearly as expected. We got the plunge last evening that was followed be recovery. The London session turned out positive and it seems that most of the pre-expiry hammering took place yesterday. And then, once the PETUS infrastructure plans began to leak, the POSX began to fall...

About the Author

Founder
tfmetalsreport [at] gmail [dot] com ()

41 Comments on A Decent Bounce?

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 4/19

4/22 8:30 ET Initial jobless claims
4/22 10:00 ET Existing home sales
4/22 10:00 ET LEI
4/23 9:45 ET April flash PMIs
4/23 10:00 ET New home sales

Recent Comments

Forum Discussion

by argentus maximus, Apr 22, 2021 - 3:03am
by Green Lantern, Apr 21, 2021 - 2:36pm
by 11IMIX, Apr 21, 2021 - 1:26pm
by mrcic, Apr 21, 2021 - 11:53am
by Green Lantern, Apr 21, 2021 - 9:47am