[blam]

[blam]

Because Nothing Says "Best Execution" Like Dumping $1.5 Billion In Gold Futures At 0030ET

For the 5th day in a row, "someone" has decided that 0030ET would be an appropriate time (assuming the 'seller' is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold - amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.

The timing of the dump is right as Japanese trading breaks for lunch

[Travis McGee]

I'll keep my "crushed" gold, thank you.

Gold will still be gold when paper explodes and burns.

[Jim Noble]

I’m a buyer at $750.

[Jet Jaguar]

Goldbug ping.