TFMR Podcast – Friday, April 29

Your host has had enough and next week promises to be very, very busy with the May FOMC and your latest BLSBS. So let’s call it a week a little earlier than usual.

And I’ve had enough of today. As has been the recent norm, the PMs rallied in London on physical demand and then were smashed on Comex through paper supply. The farce has become comical and it’s increasingly difficult to take it seriously as CDG falls 1% from its highs while CDS is smashed backward a full 3% in just over three hours of pretend/paper trading.

So let’s just wrap up this…