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SMF069

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OT: Gold & Silver Slammed

posted on Dec 12, 2013 11:00AM

Initial job claims saw its biggest spike since since 2005. I guess gold & silver must be slammed before the taper talk is off again. SMF

Gold And Silver Slammed

12/12/2013

No new news as a catalyst this morning but it appears someone decided it was highly inappropriate for the precious metals to be holding their gains as stocks and bonds revert back to pre-payrolls 'taper' levels. Gold and Silver have been monkey-hammered lower this morning as heavy volume hit futures markets about 419ET and 645ET. Futures were not halted. Some speculation that gold's drop followed positive comments from Ukraine's foreign minister but that seems a stretch...

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