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TFMR Podcast - Monday, November 13

33

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:

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Key Economic Events Week of 12/11

12/12 8:30 ET CPI and Core CPI
12/12 2:00 ET US federal budget
12/13 8:30 ET PPI and Core PPI
12/13 2:00 ET FOMC Fedlines
12/13 2:30 ET Jerry's presser
12/14 8:30 ET Retail Sales
12/14 10:00 ET Business Inventories
12/15 8:30 ET Empire Fed
12/15 9:15 ET Cap Ute and Ind Prod

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