This is NOT a 'surprise' exactly.
The Three Stooges had a 'gag' where they would distract the straight-man from observing whatever by yelling and pointing in the opposite direction "Hey! Look at the grouse!"
- It worked for them everytime.
With all eyes focused on Hurricane Sandy, and the NY exchange floors closed, volume is extremely 'light' as you'd reasonably expect.
- But, in the finest "Chicago way" the CME via it's Globex saw this in terms of "never let a good crisis go to waste" and took the opportunity to paper "hammer" (or bludgeon, if you prefer) the precious metals this morning.
Yawn.
- It just never gets 'old' does it?
Guess I'll later have my favorite Scotch (suggested to me by the general years ago) "Famous Grouse" and ignore these Chicago stooges.
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