As you know, I'm traveling back to Turdfork this afternoon. I'm currently working off of the wifi hotspot of my iphone so I'm not sure how long I'll be able to make this post but let's give it a try.
When we left off this morning, the Comex PMs were trying to reverse and bounce from what might be a double bottom, at least for Comex gold. The key to the trade...as is often the case in low volume environments...was the POSX. As we wrote this morning, the index soared overnight as the euro and pound dumped.
Then, the index fell back and this allowed the Comex metals to...