Last week I sent notes to The Doc and others indicating reversals in price direction that indicated to me the bullion banks and their minions were about to rip into spot price. That was Friday after seeing a 30 minute 7,615 contract dump, which I call a reversal where massive positions are filtered to change the puppet strings on price, from above and below.
Those Commercials are in total control. Period.
The Commercials played the long game longer than the Speculators and played the short game almost 10 times shorter than those Specs. They are masters at their deceptions.
The second 30 minute bar of this massive short covering raid now has over 7,000 contracts traded in it and it looks like Niagara Falls.
Who could have foreseen such a massive attack on metal price?