Thursday, September 15, 2016 7:27:56 PM
http://investmentresearchdynamics.com/someone-dumped-70-tons-of-paper-gold-at-830-a-m/
At 8:30 a.m. this morning, 10 minutes after the Comex gold pit opens, over 70 tons of gold was dropped into the entire Comex trading system. If this happened on the NYSE, one of the ECN’s (usually BATS) would have mysteriously “broke” and trading would have been halted – before the damaging effects of the systemic paper overload hit the market.
untitled
From 8:30 to 9:30 a.m. EST, a total of 6,289,900 ozs of paper gold, or 196.5 tons was unloaded on the Comex. To put this in perspective, the Comex is reporting 2.37 million ounces of gold in its registered account (the gold that can be delivered). That amount of paper gold that would unloaded was 2.7x the amount of gold available to be delivered. It represents 58% of the entire amount of gold reported to be in Comex vaults.
It’s hard to find any specific news trigger that would have motivated anyone to sell one ounce of gold, let alone nearly 3x the amount of physical gold available to be delivered.
Perhaps the worst economic news reported was retail sales, which dropped .3% in August vs. the expectation of no change. This is the 4th month in a row retail sales have dropped on monthly sequential basis. Retail sales have declined 6 out of 8 months this year.
There’s probably nothing to see in that chart above – just like the allegations of Hillary’s poor health…
Recent SSRM News
- Shareholders that lost money on SSR Mining Inc.(SSRM) Urged to Join Class Action - Contact The Gross Law Firm to Learn More • PR Newswire (US) • 04/19/2024 09:45:00 AM
- SSR Mining to Announce First Quarter Consolidated Financial Results on May 8, 2024 • Business Wire • 04/17/2024 09:00:00 PM
- SSR Mining Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 17, 2024 to Discuss Your Rights - SSRM • PR Newswire (US) • 04/16/2024 09:45:00 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 17, 2024 in SSR Mining Lawsuit - SSRM • PR Newswire (US) • 04/12/2024 09:45:00 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 17, 2024 in SSR Mining Lawsuit - SSRM • PR Newswire (US) • 04/12/2024 09:45:00 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 17, 2024 in SSR Mining Lawsuit - SSRM • PR Newswire (US) • 04/12/2024 09:45:00 AM
- The Gross Law Firm Reminds SSR Mining Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 17, 2024 - SSRM • PR Newswire (US) • 04/09/2024 09:45:00 AM
- SSR Mining Provides Update on Çöpler Incident • Business Wire • 04/05/2024 10:42:00 PM
- SSR Mining Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 17, 2024 to Discuss Your Rights - SSRM • PR Newswire (US) • 04/05/2024 09:45:00 AM
- Shareholders of SSR Mining Inc. Should Contact The Gross Law Firm Before May 17, 2024 to Discuss Your Rights - SSRM • PR Newswire (US) • 04/02/2024 09:45:00 AM
- Shareholders that lost money on SSR Mining Inc.(SSRM) Urged to Join Class Action - Contact The Gross Law Firm to Learn More • PR Newswire (US) • 03/29/2024 09:45:00 AM
- Investors in SSR Mining Inc. Should Contact The Gross Law Firm Before May 17, 2024 to Discuss Your Rights - SSRM • PR Newswire (US) • 03/26/2024 09:45:00 AM
- The Gross Law Firm Reminds SSR Mining Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 17, 2024 - SSRM • PR Newswire (US) • 03/22/2024 10:05:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:03:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:48:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:46:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:45:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:44:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:42:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 09:28:55 PM
- SSR Mining Announces Changes to Executive Leadership Team • Business Wire • 03/08/2024 11:00:00 AM
- Strosberg Sasso Sutts LLP Announces Investigation of SSR Mining Inc. • Business Wire • 03/04/2024 01:30:00 PM
- SSR Mining Reports Fourth Quarter and Full-Year 2023 Results • Business Wire • 02/27/2024 09:10:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/27/2024 09:07:06 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM