PM prices have been digesting Monday’s gains all day today and now we wait to see what impact the latest JOLTS report will have.
As you know and have experienced, rarely do our PM “markets” experience two, consecutive strong UP days. Two consecutive washouts? No problem. But two big green candles in a row are rarely painted. Heck, it’s rare to even get 24 hours of rally…which is why we have the NEEEE Rule .
So when prices began to fall rather sharply early last evening, it really wasn’t that much of a surprise. I…