The week begins with a mini-holiday in the U.S. How will it end? Your guess is as good as mine at this point but we take some time to discuss things today, regardless.
With the US Banks, government offices and treasury markets closed today, the "markets" are quieter and less liquid than usual. But it will be all hands on deck as soon as the Globex reopen this evening at 6:00 pm ET and heaven knows where things head from there.
As I recorded this podcast, the S&P was down about 30 points but the Comex PMs were getting smashed. The selling that began in earnest after...