The POSX is down and the Comex PMs are up today ahead of the September fedlines and presser. Is this a sign of things to come or is it just a trap set to wrong foot traders ahead of the action this afternoon and tomorrow?
Of course, that's difficult to answer. It always feels that way when something like this happens. I remember the first time...all the way back in November of 2010...on the day of the FOMC where The Bernank was expected to announce QEII, the metals got trashed. But then, here came the official announcement and the metals soared as CDS began its...
