Looking at it in hindsight, it looks like today’s early ramp was a setup to try and trigger waterfall selling going into the Comex close.
They failed miserably. I would not be surprised if somebody in the big eight, or smaller dealers, are covering some shorts here.
That, with the constant foreign buying is giving da boyz a big headache you can be sure of that.
I could say more, but I won’t.
Better things to do with my time.
They are slowly becoming irrelevant.
Chuckle