Apparently China had a ban on trading in several PM and Oil funds as this all occured.
China suspended trading of five commodity funds on Friday to reduce the underlying risks of investment mania in gold, silver, and oil,
www.fxleaders.com
Notes that some funds were trading at premium of 30%+ to the shanghi silver price...
Also read somewhere the COMEX has guardrails that should kick. In during volatility such as occured friday that halt trading: "circuit breakers"? Which did not get set off...
I mean.. If momentium was building in Easterm markets on the demand, and demand is halted, and western markets were selling into that one way demand, and western markets didnt pause... thats like dropping the tug of war rope and seeing how far the side with pressure applied is willing to go.
Also saw on an AI YT vid data indicating JPM had a lot of shorts close on the bottom.
Havent been able to verify that. But wouldnt surprise me if markets fell becasuse demand side took a break, that a price dip exceeding a market safety feature limit would result in huge short position closure.
Becides stopping the fall, it also meant they close out before the 35% margin increase to the new floating limits that were supposed to mitigate any need for further staticly set margin requirements.
Mabie they need to change the rules again to include a margin premium based on volatility instead of price... i mean, that IS what they clain the changes to premiums are a due to when they change things.
Imo. Were squarely in bubble pop and bull trap mindset space to all the chart analysis trading algos and short term speculators now, so fundamentals and manipulation theory take a back seat until somethung sayisfying those self fullfilling predictions play out
If its qquick, itll look like a dead cat bounce... i drawn out itmay last months and actually go somewhat sideways overall due to underlying demand.
I hope sideways... because we do kind of want high prices for miners to actually increase production...
And physical investor silver isnt likely to create industry inflows to levels that will meet consumption in a sustainable way.