The morning dawns with red prices across the board which, as discussed yesterday, is not surprising given a number of factors. So let’s just get through this day and then focus on tomorrow’s weekly close as we attempt to finish the month strong and prepare for what might be a pretty exciting August.
For now, though, we have several headwinds…
- the conclusion of a 5-day winning streak that saw CDG gain $107 with CDS up $1.44
- that massive increase of contract OI that The Banks added Monday and Tuesday
- pending monthly Comex option expiration
…