Bullion and the broad averages were nearly comatose when we looked in on them this morning, so we spent the hour, not hunting for the usual, easy trades, but peeling back layers of visual clues to see how we might have jumped into some losers. The Dollar Index in particular proved fertile ground for mistakenness. Students may find themselves agreeing that the way in which we were able to find, in retrospect, a rationale for having avoided trouble is one of the subtler teachable moments in the recorded library.
