via TF Metals Report
It’s a sea of red on this Black Friday. The Comex metals are getting whipsawed ahead of next week’s Dec18 option expiration and it’s primarily being driven by another crash in crude.
So let’s start with crude because it’s simply amazing. I’ve yet to find a comprehensive analysis of WHY crude has fallen from $76 to $50 over the past six weeks…and this suggests that there’s something else in play…something geo-political. Yes, the Sauds are pumping more and they’ve done this to appease Trump, who has asked for lower oil prices. They are happy to comply after the whole Khashoggi…