Loading ...Just seems that the extent of what they’ve been able to do lately is what they’re doing now intraday. They come in, dump some contracts all at once, and knock silver down $.20 and gold $5-10 bucks. Then they are either slowly covering or some steady buying is right behind it. According to the COT, they’ve covered 40K+ contracts in the last couple weeks in gold. They can always rely on Aladdin to consistently dump shares in the ETF’s all day long, but it almost looks like they’re trying to unwind at Crimex. Maybe I’m just doing some wishful thinking, but on a day like today, if they could have waterfalled us, they would have.
Then there’s bonds, with rates up 1/2% since they cut a 1/2. Dollar strength. What happens when they do QE in the bond market and the dollar reverses? Crazy times.
Seems they are lucky there’s no real interest in pm’s in the US, because all they are doing now is slowing the ascent.