Another very frustrating day in the Comex metals with shades of silver in January as clear Bank price capping was evident through most of the post-CPI trade.
How can I recognize clear manipulation efforts after all these years? Well, when all of the Spec HFT algo inputs should lead to buying, yet their bid is relentlessly overwhelmed by matching/exceeding offers, then you know that *someone* is attempting to keep price contained...and that's what we saw today. Rates down, POSX down, rate hike expectations falling/nonexistent...and the Comex digital metals get slammed backward....
