Andrew Hoffman | April 10, 2017 - 6:15pm

Well, it doesn’t get more obvious than this! Clearly, the status of the “200 week moving average war” has been taken to DEFCOM 1; as without question, Friday’s dual “super PiMBEEB” events – i.e., Trump’s “surprise” Syrian attack; and one of the worst NFP job reports in memory – put the Cartel’s all-time high silver short position, which I discussed in this weekend’s MUST READ article, in serious jeopardy; as unquestionably, hundreds of billions of momentum-seeking capital is watching for an upside breach of these key resistance levels, for confirmation of the time to re-invest. Not to mention, the major post-election support level of 2.31% on the benchmark 10-year Treasury bond; which early Friday it briefly traded below, before the Cartel and PPT raced in to temporarily stave off their respective “executions.”

Then, following a weekend of loudly beating “war drums” – not to mention, the digestion of the hideous ramifications of Friday’s jobs report; this, in the wake of the Fed’s “GDP Now” forecast for Q1 having been reduced to just 0.6%; the Cartel came out with guns blazing today – starting with the 180th “Sunday Night Sentiment” paper raid of the past 190 weekends, followed by the 822nd “2:15 AM” EST raid of the past 940 trading days – in both cases, launched via a prototypical “Cartel Herald” algorithm”; and finally, two New York pre-market “waterfall declines,” in both cases with no other market materially moving – followed by a third at the 9:30 AM EST NYSE open.