For the second consecutive day, the silver price was smashed on Comex and, unlike yesterday, today it took Comex gold along for the ride. The reason give was some utter nonsense spewed forth by Goon Braindead. Oh, well. Whatever. I will choose to live in reality and use the lower prices to once again add to my stack.
So, anyway, all was well and fine until Goon Braindead grabbed an open mic and starting blathering on about rate hikes and balance sheet reduction. This was all it took to reopen the bond market floodgates. The HFT algos saw the rise in nominal yields and decided to...
