WTF Chart Of The Day: Spot Gold Spikes Over $20 As Futures Close

Gold futures stopped trading at 1300ET for the Memorial Day holiday... seconds after that Spot Gold prices exploded higher from $1291 to $1312... of course liquidity is extremely light but it seems someone was anxious to get their hands on the real thing... Gold has breached its 200DMA, 100DMA, 50DMA, as well as the crucial $1300 (that Morgan Stanley said would never be seen again).

 

 

Nothing to see here , move along...

Moments later...

 

And there goes silver...

 

Un-rigged markets?

 

Charts: Bloomberg