The metals got mugged the day before the important December options expiration tomorrow.
Since this is a holiday shortened week the hit occurred a little earlier and harder than one might expect.
But it may not be over yet.
There is still tomorrow to clear out some more punters.
But I did caution several times about this significant option expiration and the traditional manipulation of the metals in their biggest contract month.
So what. Get right, sit tight.
A good chunk of physical changed hands in Hong Kong, where inventories are once again down to the bottom of the barrel.