Ben Davies tells King World News:
"A new player came into the market and that caught the market substantially offside. It started on Monday. The market was quiet but a lot of option activity was taking place in the market and then again on Tuesday in the physical (market).
"A bigger player (and a new player) came into the market and it’s a central bank. The fact is people don’t get what’s happening and that tells me the market is going higher.”