Whatever happens, this is a blip on the big picture radar. This is an event. This is going to be a microcosm of the gold market.
That report discussed in this space these past two days (yesterday and today) is very important in context of Buy season and the election as discussed in the podcast this morning. The appropriate analogy drawn this year is that of opening night for a new club. Goldman just pulled back the ropes
Above is an almost 10 minute addendum extemporaneously covering: personal commentary and frank bank flow-trading comments was recorded earlier this morning. It contains a few private observations/ secrets about bank trading models. Please do not share it. Also find re-attached the original and please excuse the street noise.
