Around 1030ET, The US Dollar suddenly went bid, driving broad-based commodity weakness. Silver had been creeping higher all morning but it appears someone wanted to keep it below its 50-day moving average and has thrown 1000s of contracts short at it, slamming the precious metal to the lows of the day... Gold also saw a sudden heavy volume monkey-hammering...
Silver back below 50DMA...
[4]
Gold slammed too...
[5]
Which all started as The USDollar went bid...
[6]
On the bright side, we asssume China will be backing up the truck at newly low prices... [7]
Dear China, here is your chance to buy another 20 tons of gold at lower prices, signed BIS
Charts: Bloomberg
