Well, what a few days for the metals!
There are so many why's floating out there: from CBs selling to get in under the Washington Accord deadline, to easing of tension ("bullshit") with Iran, to god knows what else.
Lot of blokes got caught looking the wrong way, positioned way too long for the "September Takeoff" in gold. The only problem is, when everyone is leaning one way, the market rarely obliges.
But now it gets interesting, this is where we separate the men from the boys!!! Most dabblers who entered last week have large been flushed out. And so the fun begins. And my friends from Mumbai can begin their deeds in earnest somewhere around here.
We had an expected bump up in UK inflation. Now we see what "profligacy" really means when US trade numbers print. We'll catch you on the other side of that.
Now get out there and friggin do something with your life!
