Loading ...Heck, not just derivatives. They buy GLD and SLV and get a swift kick in the arse on the way out the door.
Then there’s the futures players…what is possibly left to be said about them that hasn’t already been said? Even if the little guys make up 1% of that market and the fund (not owned by the banks) make up 15% – that still leaves a lot of contracts that need to be puked on a day like today when the Cartel creates a waterfall.
It appears the battle for $1500 will be lost in the last two trading days of the month. Shouldn’t be a surprise I guess. We’ll see how October treats us.
Oil seems to be in just as much trouble.