Gold trading this morning had some oddities. This was more than the normal shenanigans as just before the official release time of 0830ET, gold started to drop then accelerated past the official release time. But... the actual headlines hitting news wires were delayed because of the lack of lock-up and as is clear below, the 'real' selling did not start until those headlines hit. So was this auto-algo selling at 0830 no matter what to ensure markets got the message... or did someone get the unlock-up'd headlines 'earlier' than everyone else?
More 'odd' than normal...
[3]
and it wasn't just gold...
[4]
h/t @NanexLLC
Of course - coming just day after the RBA fiasco, clearly anything goes... [5]
