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Message: Gold Slammed For Second Day

Gold Flash-Crashes Below $1300

August 30, 2017

After the shenanigans in US mega-tech stocks over the last two days and the seemingly well orchestrated melt-up to pre-J-Hole levels in the dollar, why should anyone be surprised that ‘someone’ decided to try to sell $1.1 billion notional into the Asian open…

 

After the shenanigans in US mega-tech stocks over the last two days and the seemingly well orchestrated melt-up to pre-J-Hole levels in the dollar, why should anyone be surprised that ‘someone’ decided to try to sell $1.1 billion notional into the Asian open…

Silver followed suit... with 1300 contracts ($115 million notional) dumped at 21:43:30ET

The Dollar Index spiked as precious metals were 'handled' - note that in the last 48 hours, no dips in the dollar have been allowed...

 

http://www.zerohedge.com/news/2017-08-30/gold-flash-crashes

 

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