Loading ...Yes, it is seemingly the same pattern everyday. The metals are strong overnight, open on their highs and then sell off. It’s almost as if the knowledge that the algobots are in control is equivalent to the “Bernanke ( or Yellen) put”, when it comes to equities.
Its almost a subconscious thought on money managers minds that any downside blip will be met with intervention and manipulation. What can be done about changing this pattern? I don’t have the answer, although I do think it will take some sort of monumental breach of trust in our government and what it stands for.
Richard and Buygold
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