Monday, December 05, 2016 2:54:31 PM
Gold Double-Slammed As 'Traders' Puke $3.5 Billion Notional Through Futures Markets
by Tyler Durden
Dec 5, 2016 10:28 AM
The Italian referendum's "no" vote sparked the rational reach for safe-havens as the Euro-endgame became more questionable... but that lasted less than an hour and since the $1190 highs overnight, gold has been monkeyhammered to 10-month lows amid two legs lower (EU open and US open) with spikes in volume of around $3.5 Billion notional...
(8 tons here, 3.5 Billion there - what's a "free market" to do ?)
http://www.zerohedge.com/news/2016-12-05/gold-double-slammed-traders-puke-35-billion-notional-through-futures-markets
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by Tyler Durden
Dec 5, 2016 10:28 AM
The Italian referendum's "no" vote sparked the rational reach for safe-havens as the Euro-endgame became more questionable... but that lasted less than an hour and since the $1190 highs overnight, gold has been monkeyhammered to 10-month lows amid two legs lower (EU open and US open) with spikes in volume of around $3.5 Billion notional...
(8 tons here, 3.5 Billion there - what's a "free market" to do ?)
http://www.zerohedge.com/news/2016-12-05/gold-double-slammed-traders-puke-35-billion-notional-through-futures-markets
.
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