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Correlation data is driving the current markets:
-Friday's Chinese Manufacturing data hit a 2 year low, which can be seen in the recent Copper drop. Copper is driving the other precious metals' markets, as we also see pullbacks in Gold, Silver, Platinum & Palladium.
-Copper/Silver correlation is currently 96%.
-50% of Silver's demand is from manufacturing. After the Chinese holiday is over, we could see a return to strength.
-China is discussing with banks on how to protect their assets from US sanctions. Is this to feel out a take-over of Taiwan?
-Federal Reserve meets Wednesday
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