Base and precious metals remain in a virtuous circle with each appearing to feed off the strength of the others.
Correction? What correction? With the shorter-term players locking in profits and systematic CTA (Commodity Trade Adviser fund) selling met by trade and hedge fund buying, base metals have stabilized after a volatile 24 to 48 hours.
Speculators and investors have the precious metals market in their tight grip and are just forcing prices higher.