For the 2 Hours prior to trading at $490, this contract was trading between $450 and $454. Then a spike up to $490 and a drop down to under $450. Guess some idiot could have bought a few contracts at $490, but still looks like a bad tick to me...
Could be Da Boyz trying to goose those black boxes into buying gold prior to them laying down the hammer...?? That's a more likely explanation...?