“Suddenly there’s over 516K contracts out there.”
Perhaps using the futures market to drive the cash market. When the disparity gets big enough the arbitragers do their thing to bring the prices together or apart to “normalize.”
Perhaps I should go back to charting the COT. I still get the report each Friday in my inbox. Just a matter of copying and pasting values into the spreadsheet.
I only have starter positions in the pm’s. As the correction went lower that I thought, there was a possibility my scenario was wrong so for risk reasons had to lighten. Of course, as usual, now I have to wait for correction wave down to add and hopefully that will go as expected so I can add.
aurum