Whew! We made it! The May FOMC is now behind us and we don't have to deal with another steaming pile of crap from Jerry until mid-June. That alone is reason to celebrate, regardless of today's pullback in the PMs.
And it's important to remember that, even with today's selloff, CDG is up about $130 on the week after the tremendous rallies of Monday and Tuesday. While it's still a long way to Friday's close, the chance of a decent-sized green candle remains pretty high. Let's see what the overnight brings and look for some stability tomorrow.
For today, a general...
