A nice overnight rally in metals going on....

....with gold up 2.8% as I write, silver up 4.5%, copper and zinc and friends moving off these low numbers, too. Here's the spot gold chart....

click to enlarge

...now let's see what happens when London opens.

By the way, have you noticed the similarity between female staff members of the IMF and Latin American countries? They both assume the position to get what they want, but in the long run they finally realize that when you're screwed by the IMF you stay screwed.


UPDATE breakfast coffeetime: The rally didn't last.....surprised?