REPORT ABUSIVE REPLY
|
Message Subject
|
HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
|
Poster Handle
|
Depluribus Unum |
Post Content
|
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.
|
|
Please verify you're human:
|
|
Reason for reporting:
|