In what world is it rational to decide that dumping 800,000 ounces of notional gold into the London Fix (or COMEX open) makes sense? In the space of 4 minutes, almost 2 million ounces notional were flushed into the gold futures markets dumping the price of gold to 3-month lows.
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This is the 4th down-day in a row and yet another "spike" around the open/close that regulators remains ignorant of.
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