You Don’t Need A Calendar To Tell What Day It Is
Once again, you can just look at what is going on in gold and especially silver trading and know what day of the week it is. EVERY Tuesday you get some type of takedown in metals prices. Almost without fail. I believe(and have mentioned before) it stems from the fact that the CRIMEX chose to use Tuesday as the cutoff for it’s useless COT reports that get released on late Friday afternoons.(making them practically worthless) If I was a futures trader I would buy every Tuesday after a sharp selloff and sell a couple of days later after the inevitable bounce. At least stackers can time their purchases to coincide with these weekly takedowns.