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Message Subject HOLY CARP! Gold Flash Crashes By Almost $100 As $4 Billion In Sell Orders Hit
Poster Handle Depluribus Unum
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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.
 
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GLP