"Fat Finger" Blamed

One minute after 4am EDT, as the European market was warming up for trading, Gold suddenly plunged $18, or as much as 1,6%, to $1,236 an ounce before bouncing, on a massive surge in volume with over 18k contracts, or just over $2 billion notional, trading in a seconds. A total of 18,149 lots were traded on Comex in just a minute, before falling back to 2,334 lots an hour later. As so often happens, the gold plunge dragged silver down with it as well.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

SideNote: How many times have we seen the take down of the PMs happen before... to many times. How many more times will we see this happen, probable til we see gold correction below $1,000 like Jim Rogers predicts.  GRIM