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Gold Slammed After Someone Pukes $4 Billion Notional In Gold Futures

Friday, November 10, 2017 22:02
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(Before It's News)

from ZeroHedge:

As we approach the European close, the dolar index just spiked and precious metals (and crude) were pummeled. Gold futures tumbled on massive volume as over $4 billion notional was purged instantaneously…

Over 30,000 contracts ripped through gold futures – over $4.2 billion notional – in the space of a minute. That’s around 10% of a normal days’ volume.

20171110_PM2_0.jpg

NOTE – $1281 is the 100-day moving average that has been an equiliborum level for the last few weeks…

Silver was hit too as the dollar spiked…

 

Read More @ ZeroHedge.com

20171110_PM1_0.jpg



Source: https://www.sgtreport.com/articles/2017/11/10/gold-slammed-after-someone-pukes-4-billion-notional-in-gold-futures

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