Massive Sell Order Takes Out Gold Bidstack, Sends Metal To Three Month Lows

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.

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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