At the peak of another huge rally in China again earlier today, the price of CDG reached all the way to $3509. However, after a four-day holiday, The London Monkeys returned today and soon went to work on price, which is even lower now that Comex has opened. Have we just seen a blowoff, short-term top in CDG? Maybe.
But maybe not. The key will be China again later this week. If they keep buying, then price will keep rising. But I get the feeling that if The Banks sense any weakness, they’ll try to get some traction to the downside and not only paint daily blowoff candles, but a…