The day started with a very huge, and very obvious, 'paper raid' at the Globex open ...which failed.
- The Cartel must be frustrated that the physical buyers overcame the paper sellers and we saw an 'outside reversal' followed by some blatant price 'capping.'
I'm NOT a day trader, but if I were, I'd expect another 'raid' tomorrow.
- In a climate where there is NO regulatory control, nor any consequences, why would the Cartel NOT do "God's Work" [read: the Central Bank's]?
If we should see a paper 'failure' two days in a row, the end game may be here and physical may well have beaten paper...
- HKMEx has collapsed due to lack of physical, can the COMEX or LBMA be very far behind?
Tuesday, 21 May 2013
Failed 'raid' and 'outside reversal'.....................from Rico
From Theo Spark at 10:48
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1 comment:
Rico, Will you explain this a bit more, please?
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