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What kind of day will we see in PM’s tomorrow? Friday seems to be a day lately that folks just can’t imagine what might happen over the weekend and PM’s get the bid. I would love to see Ag punish shorts tomorrow. Taking all bets 🙂
EDIT – Somebody better stop the PMs as they are on fire.
It’s not easy to work out all the variables AM, but Coronavirus implications aren’t priced into equity markets yet. Global supply chains are in trouble. Something is going to snap soon. The charts have been hinting at it for some time.
Indeed NS. The fact is if equity markets break Au and Ag could shoot way past zones you’ve identified. The PM market is simply too small if money seeks refuge.
I suppose we could see them go lower like 2008 but for some reason that doesn’t seem as likely this time.
Au up $5 and Ag up .10 The headaches begin for the bankers. I am heading out for a beer, a burger and to watch the film, “1917”. Enjoy your evening folks.