As nosotros at accept continued to nation over together with over inward the investment space, in that place are no markets, exclusively manipulations. And whether it is the Fed offering trillions inward inexpensive coin for insiders to purchase dorsum their stocks, the Exchange Stabilization Fund buying S&P futurity together with the Yen to trigger algo traders, or the bullion banks naked shorting the precious metallic markets, the exclusively means to merchandise inward today's the world is to teach amongst the manipulators together with non purpose technicals or fundamentals.
Thus it should accept come upwardly equally no surprise on Apr eighteen when inward a affair of seconds, a bullion banking concern dumped over $3 billion inward naked curt contracts at the same fourth dimension the dollar vicious below 100 on the index, together with where gilt was working its means towards $1300 per ounce.
While the dollar index tumbles to its lowest grade since days subsequently the electiom, mortal decided this morning time was an opportune fourth dimension to dump over 22,000 gilt futures contracts (almost $3 billion notional) sparking a quick plunge inward the precious metal. - Zerohedge
Interestingly, the curt lay at the Comex had genuinely fallen to its lowest levels since the elections equally gilt together with silverish crossing over their 200 twenty-four hours moving average spelled a rigid purchase indicate for the commodities. But amongst today's dumping, curt contracts are dorsum upwardly to over 68,000.
(and add together 22,000 to the Apr xi number)