by Turd Ferguson
TF Metals Report
No, this is not a post about some new Chinese law firm. Instead, it’s just an update on the metals markets which, while refusing to go further down, aren’t making much progress to the upside, either.
Today’s message: A few more slightly positive US economic datapoints and these are likely enough to make a December FF rate hike a fait accompli.
Again, though…and I can’t stress this enough…we have traced out a pattern that is remarkably similar to last October and November in the run up to the most recent FF rate hike. And what happened beginning the very next day? Well, by now you know the story.