You are here

Another flash crash in gold but few will express curiosity about it

Section: Daily Dispatches

7:24a ET Monday, June 26, 2017

Dear Friend of GATA and Gold:

Zero Hedge this morning seems first to notice the punishment inexplicably inflicted on the gold futures market "on a surge in volume with 18,000 contracts, or just over $2 billion notional, trading in a one-minute window, with "volumes running around 150 percent of recent averages" as of 9:20 a.m. London time.

Zero Hedge adds that "the sudden selling soaked up all the liquidity in the gold market in seconds, with the clear intention of repricing gold lower."

Fortunately for the people manipulating the market, the monetary metals mining industry, the World Gold Council, and mainstream financial news organizations, and most gold and silver market analysts won't express the slightest curiosity about this.

The Zero Hedge report is headlined "Gold Flash Crashes As 'Someone' Dumps $2 Billion; 'Fat Finger' Blamed" and it's posted here:

http://www.zerohedge.com/news/2017-06-26/gold-crashes-someone-dumps-2-bi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16