The last three days have been crazy with wild moves in the bond market and the POSX. Tomorrow brings another speech from Jerry so who knows what's going to happen next?
For today, though, let's just try to get our arms around the scale and scope of the moves in interest rates and the POSX. Once you take time to consider the size of the price changes over the past 72 hours, you get a feel for why and how the Comex PMs were able to be dropped so sharply.
We discuss all of this and where we go from here. We also look ahead to Jerry and all his Goons later this week. For...
