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HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit

 
Don Draper from Nantucket
Too Late Too Late Will Be The Cry

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08/08/2021 08:19 PM

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HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
[link to www.zerohedge.com (secure)]


In the liquidity void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.

there was no offsetting move in any securities after the futures reopen (the 10Y traded back over 1.30% but the move was orderly) when over $4 billion notional, or some 24,000 contracts..


were suddenly and furiously dumped in a completely price-indiscriminate manner whose apparent intention was to nuke the entire bid-stack.

While there was no news or even pair-trade correlation catalyst behind the move, technicians have noted a "death cross" alongside a technical breach of USD 1,750/oz which triggered liquidation stops to the downside.

[link to www.kitco.com (secure)]
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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08/08/2021 08:21 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
just over 61 bux isn't close to 100.
Anonymous Coward
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08/08/2021 08:40 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Looks like somebody decided to RAID THE STOPS!!

Seen it happen in a lot of different markets over the decades. A great way to move money from Weak Hands to Strong Hands.

When markets are THIN is when they are most vulnerable to this type of activity.

Somebody somewhere decided that their old G-4 wasn't a status symbol anymore, a G-650 was more their style ... voila time to do a Stop Raid!!
Anonymous Coward
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08/08/2021 08:41 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Clear signal the stock market will crash...
Tooknotice
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08/08/2021 08:47 PM

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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
They do this same shit in the week between Christmas and New Years all the time...
Mexico Grows Opium Poppies and makes Shitloads of Heroin!! And Meth!! And Fentanyl!!! Such Good Neighbors!!!
Tooknotice
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08/08/2021 08:48 PM

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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
They will be pulling this shit all month as well... lots of Rich and Powerful are on Vacation in August... Every Year.
Mexico Grows Opium Poppies and makes Shitloads of Heroin!! And Meth!! And Fentanyl!!! Such Good Neighbors!!!
Don Draper from Nantucket  (OP)
Too Late Too Late Will Be The Cry

User ID: 80692948
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08/08/2021 08:52 PM

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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
They will be pulling this shit all month as well... lots of Rich and Powerful are on Vacation in August... Every Year.
 Quoting: Tooknotice


I'm thinking the infastructure bill / stimmie money is going to be passed very soon and this is tptb just dropping it before it reacts positively to the stimmie announcement...but who really knows with these sick SOB's
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 80293826
United States
08/08/2021 08:54 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
BUY BUY BUY! Or don't and eat shit. Your fiat bux swirling the toilet bowl...
REaliZe

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08/08/2021 08:56 PM

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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Can you say...

TrumanShow-fiji
There's. A. H0le. In. The. Sky.
Anonymous Coward
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08/08/2021 09:25 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
In the liquidity void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.

 Quoting: Don Draper from Nantucket


AND, as of now, the price is back to almost 1750, and rising.


.
Don Draper from Nantucket  (OP)
Too Late Too Late Will Be The Cry

User ID: 80692948
United States
08/08/2021 09:26 PM

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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
In the liquidity void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.

 Quoting: Don Draper from Nantucket


AND, as of now, the price is back to almost 1750, and rising.


.
 Quoting: Anonymous Coward 4812794


Yeah making me think things are a little fucky!
PLATA BITCHEZZZZZZ



The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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United States
08/08/2021 10:36 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Preparing for the announcement on Aug 11
Anonymous Coward
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08/08/2021 10:43 PM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Preparing for the announcement on Aug 11
 Quoting: Anonymous Coward 76263209


What announcement?
Anonymous Coward
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08/09/2021 01:12 AM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Clear signal the stock market will crash...
 Quoting: Anonymous Coward 79849666


will it? and when will the real estate market crash?
Anonymous Coward
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08/09/2021 01:31 AM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Preparing for the announcement on Aug 11
 Quoting: Anonymous Coward 76263209


What announcement?
 Quoting: Anonymous Coward 80055932


idk about any announcement, but FEMA is testing national broadcast system at 2;20pm Aug 11th.....interesting
Depluribus Unum

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08/09/2021 01:36 AM
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Re: HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
In the liquidity void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.

 Quoting: Don Draper from Nantucket


AND, as of now, the price is back to almost 1750, and rising.


.
 Quoting: Anonymous Coward 4812794


Yeah making me think things are a little fucky!
 Quoting: Don Draper from Nantucket


Not really. It's classic stop hunting. When funds want to go long but want a better price, they sell enough to trigger the stops, which causes a mini crash (that they profit from), then they buy it all up cheap when all of the longs are out.
From many, covfefe





GLP