Loading ...Concur.
I think if it were purely trading as an industrial metal it would be down with the rest of them? Seems there has to be at least a little bit of monetary status there. I don’t know. Maybe it’s just the dollar being at a 3-year low that’s holding it up? Hard to believe the USD is at a 3-year low already. Goldman says a 20% drop is in order.
I agree with you though. There’s something at stake in that market.
The Fed is already behind the curve. The markets are screaming for a cut, but they’re going to hold out as long as they can to destroy the economy.