Just when it seemed the Comex metals were poised to finally break out of their current, four-month downtrends, out came Jerry with his Fedlines and SEP, which showed some guesswork that The Fed will only cut rates twice next year versus the previous expectation of four cuts. This sent the POSX soaring and, of course, the PMs fell sharply backward.
If you want to read about Jerry and his Fedlines, here are two links. One from traditional, mainstream financial media and one from ZH:
