by Turd Ferguson
TF Metals Report
It may not seem like it but the metals face a pivotal 24-48 hours. Either the 2016 rally will extend from here or The Banks will win and the next stage of the Spec wash&rinse cycle will begin.
And, absent any significant news, what will drive gold and silver higher or lower? The USDJPY, of course. So, we begin today with this chart from Monday, Feb 8 and, below that, the updated chart from today: