It appears the machines forgot the shift in DST across the pond and started their European close flush a little early. Someone/something decided it was an opportune time to dump thousands of contracts of gold and silver futures this morning – clearly ignoring Alan Greenspan’s advice. Gold ETF holdings are now back at levels first seen in April 2009. Gold’s break below $1,200 likely brought some momentum chasers but Silver is in freefall, down over 5% and back to Feb 2010 lows. WTI Crude also broke below the crucial $81 level…
Gold
And Silver…
and from FOMC…
Gold ETF holdings are back at levels first seen in April 2009….
and one more thing….
Charts: Bloomberg
via Zero Hedge http://ift.tt/1wNZnM5 Tyler Durden