The week starts off with a bang after a big drop in the POSX leads to some nice buying in the Comex PMs. Nothing too substantial just yet however, IF the POSX keeps falling, we could be set for a very nice tailwind for a few weeks so let's take that as a starting point for today's podcast.
The POSX fell sharply yesterday when headlines hit that Trump was not immediately imposing some of the sharp tariffs he'd discussed last month. Feb25 CDG fell, too, in response. But once regular trading resumed today, the regular algos "saw" the POSX off by more than a point and both CDG and...