What's our old line here? Miss a day, miss a lot. I mention this today because there is bound to be considerable frustration that the Comex metals have not extended their winning streak, given that the POSX has fallen below 90.
Again, though, this is exactly what we discussed in yesterday's podcast. If you go back and listen, I mentioned that:
- the POSX was likely to dip below 90
- it would then bounce
- this bounce would lead to a drop in CDG
- CDG would then take the next 2-4 days banging around the 200-day for support