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Gold, Silver Tumble On Heavy Volume As US Dollar Explodes Higher

From zerohedge.com

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... And once again, it's happening as the London Fix looms... Not Manipulated though. Alt data can give investors a real information advantage. But combining insights from multiple data sources is where the real power lies. (full story)

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  • Category: Fundamental Analysis