Tuesday, November 24, 2020

Tag: Overnight Paper Attack On Gold – Why This One Was Different

Overnight Paper Attack On Gold – Why This One Was Different

0

by Dave Kranzler, Investment Research Dynamics:
Once again there was an overnight “flash crash” in Comex gold futures trading. This time it occurred at 3:56 a.m. EST at one of the quietest trading periods of the roughly 23 hour electronic trading day. India has gone sleep. The Shanghai Gold Exchange has been closed for about 90 minutes and the London markets are just beginning to function. I guess someone decided it was a good time to unload close $500 million worth of paper gold into the Comex’s Globex electronic trading system (click to enlarge):