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Chart of the day is...

...copper, hourlies:

I think it fair to say that the Doctor is telling us something about the state of the inflation/deflation argument today. And semi-OT (but only semi, it has connections to the above chart) silverbugs should STFU because if they're a danger to themselves I don't care, but they're starting to hoodwink the naive. Silver isn't gold, never has been never will be. One is an asset class, the other is a speculation.

By the way, Janet Yellen testifies to Congress mañana Wednesday. Subbers, check out that intro piece in IKN352 for my ideas on the potential in that.