Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a "non profit" liquidation - a large seller trying to manipulate gold futures lower rather than maximise profits.
The most anticipated and least shocking bankruptcy in the history of chemical companies has finally come. Got a $400 million DIP - not bad... those Citi blokes actually did their job. That's a much needed $6 million fee for the Cititanic.
Chemtura Corporation's U.S. Operations File Voluntary Chapter 11 Petitions to Facilitate Financial Restructuring