Just 3 months ago, as Americans celebrated Memorial Day, the spot price of gold jerked $20 higher (then plunged) as gold futures closed. Today, as Americans celebrate Labor Day, the liquidity-less market for spot gold just dropped $6, ripped back and settled lower in the space of a few minutes (with bids and offers fully crossed for a few minutes) as someone clearly forgot to tell the machines that the market is closed…
Makes perfect sense…
as bids and offers crossed…
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Unrigged markets for all… because nothing says “Sell Gold into an illiquid market” like NATO preparing to launch an offensive against Russia who ‘everyone’ now cliams is fully invading Ukraine…
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Charts: Bloomberg
via Zero Hedge http://ift.tt/1lu1znC Tyler Durden