That explains yesterday and overnight action in PMs.

WASHINGTON—U.S. regulators have delayed a scheduled vote to finalize new governance rules for derivatives clearinghouses and trading platforms, in another setback for the implementation of the Dodd-Frank financial law.

The rules, proposed in October, aim to reduce conflicts at clearinghouses and trading platforms as well as to help contain turmoil in the event of crisis. They were set for a vote by the Commodities Futures Trading Commission on Thursday, but a CFTC spokesman said they would be considered at a later date.

http://online.wsj.com/article/SB10001424052748703889204576078421845404258.html?mod=googlenews_wsj