You weren’t wrong, just mistaken. 🙂
PM’s have put up a good fight the last couple of days despite a stronger USD
Course the bubbleheads on CNBS are blaming N. Korea and the hydrogen bomb test. It may just be as you said, the CB’s are getting overwhelmed a bit and N. Korea is a convenient excuse.
I believe that when the Fed raised they had to withdraw some money from the system, that isn’t working out so well at the start of the New Year.
Gold just took out $1187-89. I think that was a line in the sand for the idiot paper traders. This could get interesting.