No time for dillydallying today. Things are rolling so let's get right to it.
Let's start with our two base commodities as the PMs are definitely drawing some strength from them. As I type, Dec11 crude is up $2.41 at $92.61. DrC is charging higher again, too.
These two have given a boost to silver which is finally trading back above $34.
Gold is lagging just a bit but the chart suggests that it won't be lagging much longer.
That's all for now. I'll have a more detailed update after the close. TF
1:10 pm EDT UPDATE:
As this epic drop in the POSX continues, look for even more downside tomorrow. As noted in the post from later yesterday, once 76 gave way, The Pig looked to fall into the abyss. As you can see on the chart below, 74 looks likely as a short-term bottom.
Dropping to 74 tomorrow or next week would likely be the impetus for gold at 1780 and silver at 37. TF
