With so many banks on the verge of collapse due to their massive loses losses from their short positions agains a parabolic metals moves to the upside, a massive coordinated attack by the banks and exchanges triggered a cascade of selling that tanked the metal market on Friday.
With so many leverage plaertys that are long the market in deep losing position, failure to top up their margin call due at the opening bell on Monday could cause another day of massive crash in the metal market. It would also affect overall liquidity in the financial market, certain to trigger a massive bearish overall market on Monday.
Look for potential crash as market participants are forced to sell what they can to balance their portfolio. I am expecting a very bearish market on Monday if the precious metal are not able to bounce sharply.
