As the dollar suddenly spiked this morning, someone puked over $1.2 billion notional gold futures in the space of one minute, sending the precious metal back below $1200…
In the minute ended at 0845ET, more than 10,000 December gold futures contracts, each representing 100 ounces, changed hands on the Comex in New York. That amounts to approximately $1.2 billion notional of the precious metal. That was about 30 times the 100-day average for that time of day.
And as goes gold, so goes silver…
But both are now being bid back up, gold back above $1200.
via RSS https://ift.tt/2MWZOhG Tyler Durden