Gold & Silver Slammed In Mini-Flash-Crash

15 minutes after GDP data was released - showing Q1 was indeed as weak as expected and inventories suggesting Q2 will be just as weak - someone decided it was an appropriate time to dump over half a billion dollars of notional gold on the futures market...

Click on picture to enlarge

Seems normal... dump it all at once, flush the stops, and now prices are rising once again.

One wonders if someone else has picked up on the lessons of Mirus Futures - the mysterious massive sell of gold in 2014.

And right on cue, USDJPY jumps (JPY tumbles against the USD) as the Gold-Yen trade continues to leave its manipulated skidmarks on the market...

Click on picture to enlarge

 

Copyright ©2009-2015 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.