TNT:
MDJ:
Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows
Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows
Submitted by Tyler Durden on 10/30/2014 11:25 -0400
It appears the machines forgot the shift in DST across the pond and started their European close flush a little early. Someone/something decided it was an opportune time to dump thousands of contracts of gold and silver futures this morning - clearly ignoring Alan Greenspan's advice. Gold ETF holdings are now back at levels first seen in April 2009. Gold's break below $1,200 likely brought some momentum chasers but Silver is in freefall, down over 5% and back to Feb 2010 lows. WTI Crude also broke below the crucial $81 level...
http://www.zerohedge.com/news/2014-10-30/gold-drops-below-1200-heavy-volume-silver-freefall-feb-2010-lows
MDJ:
Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows
Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows
Submitted by Tyler Durden on 10/30/2014 11:25 -0400
It appears the machines forgot the shift in DST across the pond and started their European close flush a little early. Someone/something decided it was an opportune time to dump thousands of contracts of gold and silver futures this morning - clearly ignoring Alan Greenspan's advice. Gold ETF holdings are now back at levels first seen in April 2009. Gold's break below $1,200 likely brought some momentum chasers but Silver is in freefall, down over 5% and back to Feb 2010 lows. WTI Crude also broke below the crucial $81 level...
http://www.zerohedge.com/news/2014-10-30/gold-drops-below-1200-heavy-volume-silver-freefall-feb-2010-lows
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