The regional bank "crisis" in the US appears to be beginning again and maybe the question is...did it ever end? With little economic news pending for the remainder of the week, the worsening headlines for some regional banks may spark enough of a safe haven bid in the metals to turn them back higher.
For today, at least, that's exactly what happened. Unlike Friday and Monday, today saw lower rates, a lower POSX and higher rate cut expectations...the perfect recipe for a bounce and rally in the PMs.
After a discussion of events and Comex open interest, we start with this...
