from TF Metals Report
Today’s action, though disappointing, is meaningless when next week brings another FOMC meeting and the BLSBS. I hope you’re ready.
Frankly, my biggest concern is that we’ve seen this all before. The Cartel allows the metals to rise in the days before some kind of Fed “news”, only to rip the spec’s guts out when the Fed, inevitably, disappoints. So, the most likely outcome next week is a rally on Monday and Tuesday as the Spec Sheep are led into the shearing barn.