It was a fascinating day as initial weakness was turned around and became a beautiful reversal. However, late day dumping of stocks led to further strength in The Pig and this, in turn, led to renewed algo selling on Comex metal.
Regardless, had you promised my $1939 and $26.84 earlier today, I'd have taken it.
It's going to be long week with some important US inflation data ahead of next week's FOMC meeting. So be prepared for more volatility as the week progresses.
For today, we begin with the usual wrap-up of the day's events and then we discuss this whole "...