It was a frustrating day for the Comex PMs as rates fell all day and the POSX was down almost 60¢. Nonetheless, a seeming exodus from gold futures to Bitcoin drove CDG lower and that, of course, dragged CDS down, too. A late day drop in the POSX helped CDS to finish down just 9¢, however, and now we enter another BLSBS Friday with the charts poised to break in either direction.
And why does it always seem to turn out that way? I'm not sure. As the pseudo-geniuses like to say...correlation is not causation. Well, whatever. All I know is that how we finish the week is going to be...
