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Published on Gold Anti-Trust Action Committee (http://gata.org)

CNBC can't understand gold's sudden drop today

By cpowell
Created 2017-11-10 17:47

Any journalist who really wants to understand it might review the material here --

http://www.gata.org/node/17751 [1]

-- and then call the Bank for International Settlements in Basel, Switzerland, at +41-61-280-8080 and ask for the gold swaps and leases department.

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Gold Just Dropped in Sudden Move Lower

By John Melloy and Fred Imbert
CNBC, New York
Friday, November 10, 2017

https://www.cnbc.com/2017/11/10/gold-just-dropped-in-sudden-mover-lower.... [2]

Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes.

Trading volume also picked up during the selling activity.

Gold futures for December delivery were down 0.9 percent as of 11:52 am in New York after stabilizing following the sudden decline.

It was not immediately clear what caused the drop.

Gold was set for a weekly gain as stocks fell and uncertainty about the timing of the U.S. tax reform plan increased, pushing investors into the arms of the safe-haven trade.



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