You makeĀ a good point about the shares holding up fairly well and maybe having bottomed out.
The thing that’s bothersomeĀ for the metals is that they’re no longer tied to anything. The USD has fallen at least 4% in the last couple of weeks, oil is up $17 off the lows. Economic news continues to worsen and the metals go nowhere. They’ve been completely hijacked by the paper players and the banks are easily keeping it in check.
I don’t know what changes that.