This morning’s pre-open is dominated by deja vu all over again. Just as we saw yesterday, right on cue at 830ET, gold (and silver) are unceremoniously dumped and USDJPY is pumpedso as to ensure stocks look shiny for the US open (and Biotech can be dumped to the next greater fool). Oil is not moving, 30Y bonds are weaker, and the USD is flat… all makes perfect sense if you don’t think about it.
SSDD…
SSDD.. again…
Perhaps it was all about running Copper up to $300?
It didn’t end so well yesterday…
Charts: Bloomberg
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