Under Pressure

One raid attempt blunted but there may be more to come.

39
Wed, Dec 18, 2019 - 10:23am

As expected, Comex metal prices have been under pressure for the past few hours. But unexpectedly, the pressure suddenly gave way and prices bounced back. Now we wait to see what happens next as the day unfolds.

We discussed the likelihood of all this in yesterday's podcast. Simple observation had set off the "spidey senses" and the continued jump in total contract issuance illustrated the desire of The Banks to enforce resistance below $1485. The result was this smash at 7:30 ET this morning. Note the sudden price reversal and drop on a massive surge of volume....

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