I'm just trying to understand in detail what exactly happens during the infamous EE "raid."
As an illustration, here's a 1 min chart of the silver smackdown that just happened. Interestingly, we dropped $1 exactly from $36.55 to $35.55 in 16 minutes.
What exactly is happening at the COMEX when something like this happens?
How many contracts does this correspond to? Is it possible to know?
How do the HFT bots factor in?
This is not a thread to debate whether there's manipulation, we're assuming this is pure manipulation. Rather, it's a technical analysis on how it actually goes down.