As discussed this morning, it appears that we have a pullback on our hands after what appeared to be a high level of exuberance last evening. Once the POSX found its footing overnight, the PMs began to fall backward and now we must begin to assess how far prices could retrace before the next major buying opportunity presents itself.
So that's what we try to do today. Remember, this is nothing new. Two-steps-forward-and-one-step-back. That's how bull markets in the PMs always unfold and the next few days may turn put to be part of the one-step-back stuff.
For today, a...
