Well, it looks like the party may be over for a while. The prices of Comex gold, silver and copper were all shoved lower today after the third copper margin hike in five days. I suppose that, at this point, we should expect a margin hike in the PMs, too.
Of course, the wildcard in all of this is Shanghai. Can/will they keep bidding up prices? Will the "discounted" copper price be strongly bought in China on Thursday? What about silver? If Shanghai silver continues to move higher, how much lower can Comex silver go? We try to discuss all of this today but, please understand,...
