The day began with a ridiculous jump in the final estimate of Q1 GDP. No one in the financial world seemed to question the 50% increase (from 1.3% to 2.0%!) and this allowed for a massive selloff in bonds and the Comex precious metals.
As the day progressed, the bond market continued to dump but at least the Comex PMs were able to bounce back a little while the GDX was actually green and up 1.5%. Is this a sign of a bottom and impending shift in trend? Maybe. Let's get through tomorrow and then next week first. Once we get next Friday's BLSBS behind us, we'll be...
