A Pre-BLSBS Bounce

The POSX is down today and rates are down a little, too. This has allowed a small, algo-driven bid to take hold in the Comex PMs and, all of a sudden, we have ourselves a little pre-BLSBS bounce. While not too significant, it's certainly preferable to the alternative of a pre-BLSBS slam.

And that's mostly what you're seeing today....just a little AlgoHell to the upside. There's likely some short-covering thrown on, too, but this is primarily being driven by POSX weakness. You can see it for yourself if you watch the tape live:...

About the Author

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

57 Comments on A Pre-BLSBS Bounce

Subscribe or login to read all comments.

Support TFMR

Donate Buy Silver

Access Subscriber Benefits

Listen to TFMR on the go in your favorite podcast app, and join our member-only forum discussions!

Key Economic Events Week of 2/19

2/20 10:00 ET LEIII
2/21 8:00 ET Goon Bostic
2/21 1:00 ET Goon Bowman
2/21 2:00 ET January FOMC minutes
2/22 9:45 ET S&P flash PMIs February
2/22 10:00 ET Home sales
2/22 10:00 ET Goon Jefferson
2/22 3:15 ET Goon Harker


Recent Comments

by Outback, 4 min 14 sec ago
by vibe79 It'stheBankers, 25 min 16 sec ago
by hgstout, 53 min 18 sec ago
by Empire47, 54 min 33 sec ago