Tuesday Becomes Wednesday

Wed, Sep 8, 2021 - 10:39am

In an extension of yesterday's trade, the POSX has moved higher again today and has broken back above its 50-day moving average. As a result, the Comex digital metals have again been taken to PoundTown. However, the expected support levels that we discussed in yesterday's podcast have so far held...so, there's that.

Happy Wednesday, everyone. Let's begin with the POSX. Even though bonds have rallied back a little and the yield on the 10-year note is back down 2 bps, the POSX has surged again. Again, when 57% of the index is the euro, any euro weakness drives the POSX higher. Note...

About the Author

tfmetalsreport [at] gmail [dot] com ()

60 Comments on Tuesday Becomes Wednesday

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


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 12/6

12/7 8:30 ET US Trade Deficit
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 10:00 ET JOLTS job openings
12/10 8:30 ET CPI
12/10 10:00 ET UMich consumer sentiment
12/10 10:00 ET Five-year inflation expectation