Loading ...Best guess is that the banksters that created the waterfall decline today after the Comex open took advantage of the coordinated action in London and dumped a bunch of longs in a short period of time. They then became the buyers by slowly covering their short positions all day long. In the mean time they are sucking more hedge fund shorts into the game, while the little guys who read articles from Rubino and SRS Rocco and bought the dip got their asses handed to them.
Other than 08-09′ this is about as ugly as I’ve ever seen things – that’s saying a lot.