Thursday, February 25, 2021

Tag: Gold Slammed After Someone Pukes $4 Billion Notional In Gold Futures

Gold Slammed After Someone Pukes $4 Billion Notional In Gold Futures

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from ZeroHedge:

As we approach the European close, the dolar index just spiked and precious metals (and crude) were pummeled. Gold futures tumbled on massive volume as over $4 billion notional was purged instantaneously…

Over 30,000 contracts ripped through gold futures – over $4.2 billion notional – in the space of a minute. That’s around 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of a normal days’ volume.

NOTE – $1281 is the 100-day moving average that has been an equiliborum level for the last few weeks…

Silver was hit too as the dollar spiked…

 

Read More @ ZeroHedge.com