The Comex PMs tried to stabilize and bounce today...and they did, for the most part... but a mid-afternoon speech by Jerry spiked the POSX to its fifth, consecutive +50¢ day and the Globex algos took it from there, washing back some of the gains from earlier in the session.
Meh...it is what it is. Isn't it funny how Jerry can selloff the POSX last Thursday in his press conference but then turn around and spike the POSX today? It's almost as if he deliberately speaks from both sides his mouth as a way to confuse and obfuscate the message. Deliberate or not, it was definitely a...