"Hello Boys" - Bullion Banks Buy Calls for first time in... forever?
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Key Points
* Bullion Banks covered shorts on the way down and on the way up
* Bullion banks are still not marking markets
* Producers continue to fill that role somewhat
* Macro Discretionary likely bought inside the fishhook
* Short playing Bullion Banks *Bought* calls initiating longs alongside other-reportable Macro fund buying
* CTA analysis attached at bottom
* We can have another 2 days fresh buying before any meaningful selling returns.
1. Intro
2. Weekly Overview
* Market Behavior:
* Key…
The skinny
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