Loading ...Don’t Be Surprised
Back in early August after the metals peaked and started their decline, the Comex raised margin requirements and accelerated the decline. I blasted them for their criminal actions in always raising margins(usually in multiple actions) to drive down prices rather then occasionally increasing them while prices are rising to temper the speculative fever. This brought out a couple of Comex appologists who tried to say that they do raise on the upside. The data provided showed that there was one increase when prices rose and three or four during the late Feb. and Mar. crash, proving my point. Don’t be surprised if the Comex again raises margins sometime this week to accelerate the declines in gold and silver. I thought a second increase would have occurred already but believe they were saving it to achieve maximum downside effect. The time is ripe for “the other shoe to drop”!
For my preferred bullish outcome over the next 4-5 months, I much prefer a fast a large correction downward that is quickly reversed. So I say bring on the downward manipulation as it will cleanse sentiment.
Nautilus, Yes Cycles are as much about investor sentiment as they are about Time & Price. Investor sentiment was still too Bullish in Gold & PMs and Intermediate Cycle Lows (ICLs) definately reset sentiment which provides the fuel needed for the next leg up.