Gold Slumps Most In 2014 As "Someone" Dumps $1.37 Billion In Futures At US Open

UPDATE: Gold is down 2.5% - the biggest daily drop since early Dec 2013

 

And this is how it happened... looks like fiduciary dutry just got F**ked...

 

That US open print was a $1.37 billion notional flush...

 

In a status-quo reinforcing smackdown, gold and silver prices have been clubbed lower this morning to one-month lows with the biggest drop in almost 2 months. The customary USDJPY surge (and risk asset spike) has accompanied this high volume dump just to make sure everyone believes that BES is fixed, Ukraine is fioxed, Iraq is fixed, earnings are great, and the water is warm....

 

 

Charts: Bloomberg