Another excellent day for the Comex precious metals, both of which are now up and green on the week. Compared to where we were back on Monday, and with the concerns I had about a follow-up smash, to be green today certainly gives meaning to the whole " it's not how you begin the week " stuff.
The most interesting aspect of the day was the rally in the PMs while the POSX bounced back from earlier lows. Perhaps the driver today was the bond market, instead? Rates were sharply lower today and are now down over 10 basis points from Friday and the reaction to the BLSBS. What to make...