Metals catch bid: dead cat bounce or consolidation?

Starting with palladium metals were bid today, gold a notable laggard. Oversold conditions, apathy and  generally soft demand contributing to the recent malaise. The retreat of gold signals a relaxation of scared money and a resumption of flows into industrials. Look for confirmation of this trend with the participation of rhodium, a notable dog of late. As predicted the pt-au spread narrowed about $10, look for continuation.