Open Interest and Price Manipulation

Once again, you're seeing this play out in real time.

18
Thu, May 16, 2019 - 11:02am

In unsurprising fashion, the only positive datapoint of the week served as impetus to drive the price of Comex gold lower today. This is no surprise given the nearly unprecedented recent surge in Comex gold open interest.

So here's your datapoint that was used to smash gold from $1295 to $1290 at 8:30 EDT today. Price was right at the 50-day and this news was used to run some sell-stops below that key short-term technical indicator. https://www.marketwatch.com/...

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Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
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Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
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8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
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Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
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7/24 9:45 ET flash Markit PMIs
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7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
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7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
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7/11 12:30 ET Goon Williams
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7/1 9:45 ET Markit Manu PMI
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7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
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Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
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6/19 2:30 ET CGP presser
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