Loading ...… are allowing tech stocks to fall in order to attempt to trigger a selloff in PMs. (while the Dow rallies to show everything is just fine – this is Kabuki theater)
That’s how important PMs are.
They are continuing to short PMs hoping to knock the stupid specs over. Only thing is the bid and premiums in China’s physical and futures markets now control prices with the backstop that provides.
Metals Daily Exchange Volume & Open Interest – CME Group
If the price managers are not able to tip Comex speculators over before they must accelerate currency debasement rates commercials might be forced to cover their shorts.
That’s the big picture for PMs right now.
Everything is crossed.