CNBC tries to shrug off sudden smash in gold and quick recovery


They're yet to put a question about gold to a Western central bank or the Bank for International Settlements.

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Sudden Gold Plunge Has Traders Looking for Answers

By Alex Rosenberg
CNBC, New York
Monday, January 6, 2014

Gold futures plunged more than $30 at 10:14 a.m. EST on Monday morning, before regaining nearly all of that drop within the same minute.

The swift move triggered a 10-second pause in trading, and many market participants said a single trading error was probably to blame.

"What has a tendency to happen if someone does a fat finger trade is that it triggers stops that people leave in," said Matthew Hoverman, senior trader at Grafite Capital. "There is a high likelihood that that's what happened today." ...

... For the rest of the report:


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Jim Sinclair plans seminar in Austin on Feb. 8

Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar at the Austin, Texas, Airport Hilton from 2 to 6 p.m. on Saturday, February 8. Advance registration is required. Details are posted at Sinclair's Internet site, JSMineSet, here: