Banks Working Hard

86
Tue, Jun 8, 2021 - 10:44am

Oh my goodness. In what is clearly a Bank operation today, the price of Comex gold and Comex silver has been slammed backward on multiple occasions. How can we spot this Bank intervention? It overwhelms the bid that would otherwise support price when interest rates are down and the POSX is mostly flat.

And here's the thing...It's not just Comex gold. All four...gold, silver, platinum and palladium were smashed at the exact same time of 8:47 ET this morning. And why? Well, clearly, all four have the exact same supply/demand fundamentals, as Chris Marcus points out below. <...

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Key Economic Events Week of 6/21

6/21 9:45 ET Goons Bullard and Kaplan
6/22 2:00 ET CGP on Capitol Hill
6/23 9:45 ET Markit flash PMIs for June
6/24 9:30 ET Durable Goods
6/24 9:30 ET Q1 GDP final guess
6/24 9:30 ET Goons Bostic and Harker
6/24 11:00 ET Goon Williams
6/24 1:00 ET Goon Bullard again
6/25 8:30 ET Personal Inc and Spending
6/25 8:30 ET Core PCE
6/25 10:00 ET UMich Consumer Sentiment

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