Metallic Commodity Whack-a-Mole

Different short-term conditions among the metals

As the macro tries to sort itself out with respect to the near-term play being inflation (good for some things), deflation (bad for most things) or Goldilocks (good for some other things), commodities, which would obviously prefer Thing 1 are all over the map, doing the Whack-a-Mole thing they often do (as I picture large traders and machines roving the commodity patch dumping this and buying that).

Of course the monetary and the monetary/industrial cross dresser, gold and silver are getting whacked.

But gold bugs should not personalize this, because so too are the PGMs, Pd and Pt getting hammered.

While copper clings to the moving averages it has taken back.

And nickel looks like it wants to head north. I hold one nickel prospect and this firms my view to continue holding it at this time.

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