– Precious Metals Puke – ‘Someone’ Dumps $2 Billion Of Gold Into Futures Markets:
What goes up… must not be allowed to…
Someone just decided this was the perfect time to dump over $2 billion worth of notional paper gold onto the markets…
Over 16,000 gold contracts (and 7,500 silver) were dumped in that 5/10 minutes segment.
It appears Draghi did not like the impression of his impotence that precious metals were suggesting.
It appears the Gold/Silver ratio at 72x was a big buying opportunity?
As the longer-term trendline holds support…
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