TFMR Podcast – Wednesday, August 14

After two days of capping the price by issuing contracts and shorting, The Banks called the register today, again lifting the price lower from the top of the current range. As such, this fifth breakout attempt has failed for now. Who knows? Maybe the sixth attempt will fail.

What we do know, however, is that CDG price will break out soon and head towards $2650-2700. Banks will be forced to pull back and defend those levels as they climb. For now, however, the fight at $2,520 continues.

For today, a general discussion of what to expect…