Loading ...The Asian Guy says not to focus on manipulation and he’s right, but this is the height of manipulation that we’re seeing. The one thing I’m sure about, is that it can’t go on for more than a couple of days as long as physical in Shanghai stays elevated. They can’t do it, unless their plan is to have everyone on the Crimex stand for delivery for the arbitrage play, and then default at delivery time.
Unfortunately, the buy/sell prices are still counted in dollars and paper is reality for the moment.
I agree with the captains’ article though, yesterday was not a top – not even close – it was a raid.
Speaking of the dollar, I thought it might bounce here around the 200 dma. Not quite yet. Very weak.