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

Tyler Durden's picture

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.

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...


Notably Gold remains the only winner post-Saudi chaos... for now...


Finally, we thought this was interesting...

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Seasmoke's picture

After 7 years of watching this farce. No surprises. But disgusting to see, nonetheless.

LawsofPhysics's picture

Yes, "puking" paper gold.

Let them destroy the paper/digital "market", fine by me!

slyhill's picture

Volcker must be very proud of these demons.

peekster's picture

Someone needs a new Ferrari.

loves the truth's picture

Evil people, golbalist communists are giving their power to the UN, the wild beast of revelations 13 and 17.. then the end will come. There is no sense of justice anywhere

buzzsaw99's picture

yeah, the apostle john spoke at length about the united nations as i recall.  /s

loves the truth's picture

Maybe you can explain the book of revelation to us.. 

It was sent in signs,, meaning symbolic language, to show his slaves, or followers what will happen.. Not to just anyone!

 Rev 1:1 A revelation* by Jesus Christ, which God gave him,+ to show his slaves+ the things that must shortly take place. And he sent his angel and presented it in signs through him to his slave John,


If you want to understand it.. information is available in 922 languages..

buzzsaw99's picture

i thought david koresh was dead.  apparently not.

loves the truth's picture

What is your solution to all of mankind's problems?

D-plorable's picture

The solution is Deliverance in Jesus name. Getting rid of the demons Is the best thing that ever happened to me. Try it

Lore's picture

Edit: sarcastic comment removed. If by "demons" you refer to some trial in your life, then some respect may be due. 

That said, it's important to beware fundamentalism and fundamentalists in the context of any religion. It's impossible to reason with a zealot, because they simply aren't rational.  Our facility for critical thinking is a gift from God that sets us apart from animals.

jin187's picture

The entire Bible is just a manual on how not to die, and not be an asshole. You easily can see the motivations of the people that wrote it when you put it in the context of the times they lived in.

All of the corrupt rulers of today are simply the natural evolution of the ones we had thousands of years ago. The moneychangers, tax collectors, and abominations of the Bible are the same ones we have now. You don't need to be a prophet to see how this future came about.

Blue Dog's picture

But prophets accurately told the future. There are hundreds of prophesies about Jesus that were fullfilled with his crucifixion and resurrection. 

(Isaiah 53:2-12 NIV)  He grew up before him like a tender shoot, and like a root out of dry ground. He had no beauty or majesty to attract us to him, nothing in his appearance that we should desire him. {3} He was despised and rejected by men, a man of sorrows, and familiar with suffering. Like one from whom men hide their faces he was despised, and we esteemed him not. {4} Surely he took up our infirmities and carried our sorrows, yet we considered him stricken by God, smitten by him, and afflicted. {5} But he was pierced for our transgressions, he was crushed for our iniquities; the punishment that brought us peace was upon him, and by his wounds we are healed. {6} We all, like sheep, have gone astray, each of us has turned to his own way; and the LORD has laid on him the iniquity of us all. {7} He was oppressed and afflicted, yet he did not open his mouth; he was led like a lamb to the slaughter, and as a sheep before her shearers is silent, so he did not open his mouth. {8} By oppression and judgment he was taken away. And who can speak of his descendants? For he was cut off from the land of the living; for the transgression of my people he was stricken. {9} He was assigned a grave with the wicked, and with the rich in his death, though he had done no violence, nor was any deceit in his mouth. {10} Yet it was the Lord's will to crush him and cause him to suffer, and though the LORD makes his life a guilt offering, he will see his offspring and prolong his days, and the will of the LORD will prosper in his hand. {11} After the suffering of his soul, he will see the light of life and be satisfied ; by his knowledge my righteous servant will justify many, and he will bear their iniquities. {12} Therefore I will give him a portion among the great, and he will divide the spoils with the strong, because he poured out his life unto death, and was numbered with the transgressors. For he bore the sin of many, and made intercession for the transgressors.



loves the truth's picture

IN verse 10 is LORD a name or a title? 

The Elite keep us in darkness in every aspect of our lives as seen in their blatant criminal actions. They deceive by their commercial, goverment and religious ideologies.

They have purposely hidden God's name from mankind with erroneous translations. The truth can be discovered but not many want to find it.

ToSoft4Truth's picture

We're do we get the jobs as Guillotine Operator? 

Ron_Mexico's picture

I imagine those jobs will be "federalized," just like TSA. Not sure whether that means that they get to grope you before they decapitate you . . .

jin187's picture

They already got the little baskets to store your head in too. I rarely believe the government can be efficient, but in this case, I can see the TSA being the perfect department to be in charge.

BrokeMiner's picture

lol, like clockwork

hotrod's picture

Guess Trump set China straight.

Give Me Some Truth's picture

Re: Guess Trump set China straight

... Just like he said he would during the campaign.

FractionalReserveEnding's picture

LOL so much for the Friday correlation.

No manipulation at all...  nothing to see.  Move along.

Quinvarius's picture

I guess we will see if this is finally the breakdown that always comes before the next breakout.

TeaClipper's picture

Its Friday, Its the PPT show. Tune in Monday for more of the same old same old. Me, im bullish for gold silver and cryptos,  and couldnt give two fucks what those paper shuffling morons are doing with their dying currency

tropicthunder's picture

Yea, I'm sure you'll give a fuck once they beat the gold price back down to $850..

Vilfredo Pareto's picture

Nice buying opportunity that would be.


Gold is insurance.  You never want to pay a lot for insurance.

BitchesBetterRecognize's picture

I beg to ask how much "paper Gold" is floating in the global markets, given all the insane amounts of billions being dumped every single fucking month in order to suppress the "real gold" value?  are we talking Trillions? Quadrillions?   


Kaiser Sousa's picture

Thanks u Ziobanker fucks...


tropicthunder's picture

Should anyone be surprised? Any chance to bang the shit out of gold is completely welcomed and tolerated by TPTB. Good luck OldBugs! Gold is the perennial enemy of the state and shall be sacrificed at any opportunity..

Vilfredo Pareto's picture

That is fine.  I am not ready to sell yet.  I want to buy more someday so please manipulate the price back down to a 7 handle.

Give Me Some Truth's picture

Slight edit to a good comment:

Gold is the PERPETUAL enemy to the State and will ATTACKED at every opportunity (or as needed).

.... It's all about Protecting the Printing Press. If gold and silver ever became popular that printing press - and all that it funds and all of those it enriches - would be in serious jeopardy.

Calculus99's picture

Imagine if you or me as a private trader (albeit very large) dumped 10% of the vol in a min. 

GUARANTEED by Monday you'd be up in front of whoever on a charge of manipulation and general dodgy trading practices. 

Will whoever did this be bought up to explaine themselves? 

NO. So it proves to me the COMEX board (or whoever owns it) are a bunch of bought and paid for lackeys/clowns...

Vilfredo Pareto's picture

Also the owner of those contracts would be up in arms about it.

tropicthunder's picture

You obviously have no fucking clue how the gold smashing scam works. The largest 4 banksters who are engaged in gold futures trading ALL COLLUDE with each other to smash the price in simulataneous fashion. They simply cover to lock in several dollars and walk way with some sweet profits. ALL OF THIS IS TOLERATED and when fines are levied, it is never more then a bullshit slap on the wrist..

Give Me Some Truth's picture

Don't you have to keep a ton of fiat "on margin" to even be able to execute these trades? Who has said ton of fiat? Where did they get it?

The smaller money can't compete against the massive money, or those who can print "infinity" money.


Truth Eater's picture

Or, someone getting desperate.  I think we will see many desperate moves increasing in the days ahead.  It just feels like the central banks gave notice this week that they will not always bail out the markets.  If it seemed crazy before, it will make even less sense just ahead.

LawsofPhysics's picture

So long as people accept the fiat currency these fuckers create out of thin fucking air with NO RISK and NO real work, NOTHING will change.

Eventually, scarcity will be an issue and everyone will do real work and face real risk or they simply won't eat.

We have been here before, i.e. population growth overtaking growth in innovation/technology.

In the meantime...

"Full Faith and Credit"

Vilfredo Pareto's picture

Anyone who doesn't believe there is gold manipulation doesn't understand these trades.


The speed and size of the trade violates the fiduciary duty of the "agent" to optimize selling price.

buzzsaw99's picture

i see a lot of comments like this and i don't buy it.  the seller took out the bid stack between current spot and down -(0.89%).  That ain't bad.  Had the seller broken it up in smaller lots and executed over a longer time bids could have been pulled, the order would have been front run, etc..  i'm not saying the price isn't manipulated but if i have many billions worth to sell i might do it in exactly the same way by taking out the bid stack within 1% of spot periodically.

c2nnib2l's picture

lost 150 bucks mehhh was really looking forward to that 1295 level today shame shame ! motherfuckers ! 

JPMorgan's picture

No end of year party for gold... xmas is cancelled lol.

Sky flyer's picture

Silver bitchezz!!!

Pol Pot's picture

Paper Gold....I keep rolls of it next to my's very solf and absorbent .
Just this morning I crapped out last nights Chicken Vindaloo....sorry my Fat Finger caused such a problem....

VWAndy's picture

 Fiat magic kiddies. just so you know

therover's picture


Anytime I see silver at a 16 handle or lower I pick up 20 oz's of bullion in some form. ASE's, Maples, bars. Doesn't matter.

Gimmie, gimmie, gimmie. 

tropicthunder's picture

Yep, I'm sure you'll still be all happy and fucking giddy when the silver price gets pummelled back down to $7 next year..

Ryland's picture

People like you are retarded! It won’t go to 7 and if it did go to 7 it wouldn’t be there long because that is BELOW THE COST TO MINE! A commodity can’t stay below the cost of production very long. If silver went to seven load up because it’s a rocket ship shortly after.

wisebastard's picture

my guess is if its 4 billion it probably has a lot to do with fraud and infinite rehypothication. the system wants to drive down metals to help give the allusion of the paper printing credit card economy is still going despite the drastic changes in techology that will effect the USD as its role as world reserve currency and as a fiat......