As expected, the Comex PMs dumped at the open today, with CDG falling below its 50-day MA and CDS falling below $22. However, very few sell stops were uncovered at those levels and price then gradually rebounded through the morning.
So, is that it? Has the selloff and correction from last week run its course? Maybe. Let's see what happens with tomorrow's CPI before jumping to any conclusions.
For today, a general discussion of all this as well as the three links below:
