Just as night follows day, Comex precious metal prices were smashed today after last week's run-up in price and open interest. And just like last month, prices were smashed today, the day after spreads between spot and futures hit over $30 in gold and $1 in silver. Wash, rinse, repeat? Something like that.
And if the recent pattern continues, we should be almost certain to expect more smashing tomorrow and later this week. Why? We'll discuss in this podcast.
For today, let's start with last week's CoTs. For the third consecutive week, this data is SIX DAYS STALE so it's...