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Another flash crash in gold but few will express curiosity about it
7:24a ET Monday, June 26, 2017
Dear Friend of GATA and Gold:
Zero Hedge this morning seems first to notice the punishment inexplicably inflicted on the gold futures market "on a surge in volume with 18,000 contracts, or just over $2 billion notional, trading in a one-minute window, with "volumes running around 150 percent of recent averages" as of 9:20 a.m. London time.
Zero Hedge adds that "the sudden selling soaked up all the liquidity in the gold market in seconds, with the clear intention of repricing gold lower."
Fortunately for the people manipulating the market, the monetary metals mining industry, the World Gold Council, and mainstream financial news organizations, and most gold and silver market analysts won't express the slightest curiosity about this.
The Zero Hedge report is headlined "Gold Flash Crashes As 'Someone' Dumps $2 Billion; 'Fat Finger' Blamed" and it's posted here:
http://www.zerohedge.com/news/2017-06-26/gold-crashes-someone-dumps-2-bi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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