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Tuesday 21 May 2013

Failed 'raid' and 'outside reversal'.​....................from Rico

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?


1 comment:

Lola said...

Rico, Will you explain this a bit more, please?