Open Interest and Price Manipulation

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

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.

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turd [at] tfmetalsreport [dot] com ()

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