North Bay Resources Inc (NBRI)

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POG being manipulated??

January 6, 2014 10:53 AM
Large Trade Roils Gold Futures
Futures Brokerage Says Spike in Trading Volume Must Be 'An Error'

By TATYANA SHUMSKY
A large trade roiled the gold futures market on Monday, briefly slashing more than $30 from the gold price and puzzling traders.
More than 11,000 gold futures contracts were traded in one minute at 10:14 a.m. EST, or about one-tenth of gold's recent daily trading volume.
The move briefly erased gold's gains, pushing prices as low as $1,212.60 a troy ounce. Gold for delivery in February, the most actively traded contract, has since recovered, up $2, or 0.2%, at $1,240.60 an ounce on the Comex division of the New York Mercantile Exchange.
The spike in trading volume is equivalent to 1.1 million ounces of gold worth about $1.3 billion.
"It's got to be an error," said Rich Ilczyszyn, chief market strategist with iiTrader, a futures brokerage in Chicago.
Mr. Ilczyszyn said the subsequent rebound in gold prices was a sign that the trade was likely a mistake.
Representatives of CME Group Inc., which owns the Comex, weren't immediately available for comment.