Yellen is in; nothing is resolved in DC; and there's no news on the wires - so it makes perfect sense that once again as the 830ET period ticks by that commodity prices - especially gold, silver, and copper enter what many in the business call "free fall." All sarcasm aside, this is becoming far too ubiquitous - but of course with the CFTC closed for business, while the cat's away the algos will play.
Margin calls from yesterday's MoMo massacre, perhaps? Or just a need to show the market that Yellen is no uber-dove...?
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and think we are being conspiratorial... here's the withching hour for gold over the last 15 days...
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Charts: Bloomberg