Gold Plunges Towards Key Technical Level After $1.5 Billion Notional Dump

Gold futures suddenly took a turn for the worse this morning as ‘someone’ once again decided that 0830ET was the perfect time to puke over $1.5 billion notional of the precious metal into the market…

Over 11,500 gold futures contracts suddenly dumped into the market…

…pushing it towards its 200DMA…

Silver is also getting hit…

As the London Fix looms…

Not Manipulated though.

via ZeroHedge News http://bit.ly/2vfYzUd Tyler Durden

Leave a Reply

Your email address will not be published. Required fields are marked *