In Tuesday’s podcast, we discussed the likelihood that the selling in CDG was not yet complete and that an attempt would soon be made to get price back to $1880. So far today, two deliberate attempts have been made to do just that.
The good news is that, so far, both attempts have failed and price has bounced each time. But this is clear, obvious and deliberate price manipulation in an effort to get price below $1880. And why is $1880 so important? Because that opens up the next $40 rung down and you’ll find the all-important 200-day moving average near $1840….