Yes. I don’t fully understand the mechanics of how it works, but clearly it seems they don’t have to cover short positions, so they just dump longs and add shorts to take swings at moving things lower?
I don’t know, but as you say it’s not really working this time, and they seem to be overwhelmed. Mostly just in silver, gold is being somewhat contained.
I’m just happy not to be creamed day after day.
Absolutely zero demand here in the states. These kids under 35 are all crypto traders.
Great until the music stops I guess