It is a crazy busy day, sandwiched inside a crazy busy week. As such, here's your daily podcast, recorded and posted earlier than usual.
And what an interesting day we're having in the Comex PMs. If you haven't yet read this morning's summary, please do. I try to explain how and why CDS would continue to bounce and rally, despite CDG being down while rates and the POSX are up. Clearly this is related to the ongoing rally in China and The Banks desire to keep their price within shouting distance of the Shanghai price.
For today, a discussion of all this and then a snippet...
