Jul 20

$550 Million Gold Futures Notional Dumped After Close – Back Below $1100 (ZeroHedge, July 20, 2015):

Minutes after the cash equity close, gold prices tumbled, having leaked lower all afternoon, breaking back below $1100. Overnight flash crash lows were $1080.

20150720_gold_1

Futures show around 5000 lots dumped…

20150720_gold_2

 

Tags: , ,

2 Responses to “$550 Million Gold Futures Notional Dumped After Close – Back Below $1100”

  1. squodgy Says:

    Paper Gold yet again…..but the real thing doesn’t move as quickly.

    I wonder why?

  2. Marilyn Gjerdrum Says:

    I don’t understand all the paper games played around precious metals…..like betting on stocks or bonds…………Futures are just another way to bet on what the market might do without actually investing in anything.

    Like options, they have destroyed our markets……

Leave a Reply