The futures market opened a year ago with an orchestrated FUD that was relentless throughout 2018. And most of the major Wall Street firms are opening up trading desks. Plus we know they are buying on the OTC markets.

It is not unheard of for the major banks to be doing one thing on side of the building and the completely opposite on the other.

Add in the timing on the ETF announcement by the SEC, who is squarely in the banks pockets, and I remind mysel fI have seen this story before.

It is par for the course with them.