Today brought a dose of the typical, Bank and algo-driven that we've been raging against for years. The damage was particularly egregious on the Globex, where The Banks have always preferred to work their dastardly deeds .
So, after a discussion of the two links below, we head right into the crime of raiding the Globex. Hitting this afterhours "market"...where volume and bid/offer size is typically 10% of the Comex...is an old tried-and-true tactic of The Banks. I've railed against it for years and in this podcast, I rail against it again today.