Loading ...I agree with Maddog that nothing really matters other than the rig-both in the SM and PM’s
What has been consistent is that pm’s have sold off into a Fed Rate hike which I expect we’ll get next week, so probably get another bout of selling right after the hike and then stabilize and maybe move higher into January.
Nonetheless, I don’t see any big move up in pm’s unless there is a major event, but even then “event” rallies don’t stick.
I’m at the point where we’re going to need to see a collapse in the USD, end of the petrodollar something of that magnitude.