The Wicked Witch unleashed the monkeys this morning and the effects were immediately felt.
I hope you noticed the "p.s." at the bottom of the previous post:
"p.s. If there really is going to be a CFTC meeting tomorrow to discuss position limits, do not be surprised to see some EE shenanigans overnight. The Forces of Darkness may want to "remind" the commission just who really is in charge..."
Let's see...The CFTC meeting is scheduled to begin at 9:30 EDT. As a not-too-subtle reminder, the monkeys were unleashed at approximately 7:35 EDT.
Bombs away and smash the PMs on the Globex after London is finished and before NY begins. Classic. Textbook. A message. "You're not in charge, Mr. Gensler. We are."
Mission accomplished. By smashing price this morning, The Cartel has also managed to tilt the charts negative, too. The rising trendlines of support have both been broken and now the metals look to trade lower before finding more substantial support near $1600 and $29. Let's hope they don't fall that far but they could.
Anyone interested in watching the proceeding this morning can use this link:
https://www.capitolconnection.net/capcon/cftc/101811/CFTCwebcast-live.htm#
Sorry for the short post this morning but I'd like to watch, too. More later. TF
