It was a day of crosscurrents and continuous offer by the bullion banks. So, despite a steep drop in the POSX, neither Comex digital metal was able to crank out a gain.
The Q3 GDP came and went and, with it, any hope for a sustained US economic recovery. As the US economy slouches toward its inevitable stagflationary recession, bond rates spiked a little while the POSX puked. These two counterbalanced each other and left the Comex PMs treading water and mostly UNCH.
So, after a general discussion of the day's events and look ahead to tomorrow, we wrap up with the latest...
