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Silver Wheaton Corp. Message Board

  • sharpie3444 sharpie3444 Nov 26, 2013 9:34 AM Flag


    Gold Hammering Leads to Another Overnight Gold Market Halt

    Shortly after 1 a.m. EST this morning someone with no apparent fiduciary duty to their clients for best execution or any apparent trade allocation expertise decided it was time to dump 1,500 contracts into an entirely illiquid gold futures market.

    The 150,000-ounce notional sell order ($184.5 million), captured graphically by Nanex, sent the price down $10 instantaneously, tripped the exchange's circuit breakers, and halted the market's trading for 20 seconds once again.

    This is now the fourth market halt in the past three months (and this time on no news whatsoever) as the manipulative monkey-hammerings from who knows whom (the Bank for International Settlements?) are becoming increasingly obvious.

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