After the month-end beating they took back on Friday, the Comex PMs bounced back today, helped along by some more lousy economic data and a dramatic cut to the Q2 GDP forecast from the Atlanta Fed. Tomorrow brings the latest JOLTS data and, should it be weak, we might see an extension of today's rally.
For today, we try to get caught up without spending too much time rehashing the old news of Friday's manipulation. There is one thing we need to cover from last week, though, and it's this story out of India:...