Crazy day and a good day but they sure have held the line at up $31 all day long and of course have brought the SM back from the grave as they have every day this week.
samb may be right and gold might just be reacting to the USD weakness but if so, it’s the first time all week that it has. Puts could be the right play, I dunno.
One thing seems clear, the Fed and Goldman have these markets completely controlled with whatever computer programs they use. Every market is on autopilot, especially the SM. Zero price discovery.
COT Report