Me too, but I sold thursday already near the top and covered everything monday. It,s all about a play for options/futures expiries and first notice which usually means about a 5% downmovement to the PM-metals. The call to short monday I beleive was wrong or in any case against the odds. We will soon find out
The reason we usually have downmovements around expirydays is backwardation (futures are cheaper than spot) which is a sign of scarcity of physical. Backwardation usually preceeds trendchange when the scarcity gets too large. There are about 100 times more shorts than available physical today. What conclusions do you draw of that? If any..