from Silver Doctors:

The heavy selling began at 06:38 a.m. EST. Here are the details…
Well, here we go again.

Today is the lightest day this week as far as the events calendar goes, which means there are less traders and investors staring at their screens in the early morning hours.

A standard operating procedure of the cartel is to come in during illiquid times and get the selling started!

Here’s a look at gold’s 5-minute chart:

It appears the flush-out begins now.

Here’s a look at that volume spike:

That’s 7,246 contracts at 06:38 a.m., but hey, who’s counting?

All told, it was only good for about a $10 drop in price.

Here’s a look at silver’s 1-minute chart:

Silver is holding up better than gold.

Although check-out how silver’s daily chart is being painted:

If the charts matter, the cartel will be looking to push silver under $17.425 on a closing basis, with an intra-day spike low below $17.16 to begin forcing that short-term trend change.

Interestingly, silver traded above $18.05 yesterday morning, but we have yet to close above that price, and since trading as high as $18.35 last Friday morning, we’re now down some 3.5%.

Here are gold & silver in comparison with the US dollar index:

The dollar hasn’t really moved much at all.

What’s the catalyst for this smash?

To shave-off open interest?

Gold COT  prep work?

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