Reloading The Specs

The charts are getting scary, too.

27
Wed, Oct 31, 2018 - 11:17am

Just as we began to suspect on Monday, the raid/smash continues today with prices breaking down toward critical support where The Bankers hope to drive The Specs back into the short side of the trade.

And it's already happening. As we mentioned yesterday, with the price of Comex silver down 26¢, total open interest rose by nearly 4,000 contracts. That's A LOT of new shorting. And as the price of CDG falls, total open interest is collapsing. This means that all of the Spec money that went long last week is fleeing this "market" now.

So, for the CoT week, expect an "...

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