Tuesday, December 18, 2012
The extent of today's PM takedown by noon
At a little before noon, here's where we stand:
Yet China's still strong, VALE is still 3SD up, UUP is going strongly down, IEF is 3SD down. So frankly, I don't see where the urge to dump PMs is coming from - industry is fine, EM is fine, and the market seems to signal coming inflation.
Yet the PMs are going 3SD down on large candles, which may signify a real assbreaker of a PM crash.
So I got a bunch of bills to pay and a doctor's appointment today, and maybe some shopping to do. So I won't worry.