This is a very interesting take down. We have seen some evidence recently of a strong buyer in the CRIMEX (where the price is set after the London close). If the buyer was willing to take delivery at these prices two weeks ago, one could guess that we may see more contracts, at these give away prices, snatched up and delivery requested at settlement.

I hate the cabal crooks and their arrogant manipulation. It would be nice to see them not only get hammered, but the key players get to spend some time with their new boyfriends in prison.

So I wonder what MOTY Gartmen has to say about this morning’s price action.