Loading ...If there is a God … this should washout as a breakout test … as Comex open interest (OI) is still under 500k and it should get pounded back down with this selling.
And for silver it’s the same story … OI is low and should see a lot of liquidation today.
Metals Daily Exchange Volume & Open Interest – CME Group
The price managers will have a lot tougher time trying to pull off this crap next time as well.
March is the next big delivery month and it will come fast.
If January and February see high delivery levels too … which is very possible considering the rush to secure physical by corporate interests in this challenged delivery environment … The Ides of March could be a replay for the cabal.
I see the shares doing very well in the first quarter (half?) all things considered … especially value-oriented silver stocks … many will be surprised. (JMHO)
Cheers all