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Loading ...at least in the SM and pm markets. PM markets are a daily terror, so no surprise there. What would surprise would be if this was a spike down and reversal that ends the bear market. But I digress…. hope stinks eternal.
What’s odd is that the dollar is flat, rates down a couple bips, and oil is down a buck in the $72 area. So why pm’s then?
Is this the beginning of the long-awaited SM correction?
China is buying I guess, although not their central bank so much. Otherwise buying has slowed around the world according to this:
China gold imports hit 163 tons last month, the highest since March 2024. In the first five months of 2026, China imported a total of 692 tons, up by about 76% from the same period last year.
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