Loading ...Ya I think it’s just general liquidity conditions lifting everything. PMs have become positively correlated with the broads as this serves the bankers to keep them controlled.
So if the SPX can make it up to 3000 before the short sellers / put buyers are exhausted again (the short squeeze is exhausted), anything is possible.
I do think the next move of consequence for PMs should be down given current circumstances. (i.e. once the broads roll over again — ~ 3000 SPX?)
Of course that can change depending on how long this all takes.
Cheers