TFMR Podcast – Friday, August 12

In a surprise twist, Comex precious metal prices rallied consistently through the day on Friday and then closed very near or at their highs of the week. Could/should this set us up for more gains early next week? Come on in and let’s talk about it.

So, in a sense, today was the opposite of yesterday where Comex PM prices uncharacteristically fell on a falling dollar and rising bond yields. Today, the dollar rallied while yields fell and this left the Comex PMs well-bid through the entire session and onto the Globex. The result was a close at the highs of the week and smiles all…