The Gold Spoofer Is Back

Overnight action saw gold jerked lower as Europe opened and Asia closed. Thanks to Nanex, we now see 'how' this occurred as the "gold spoofer" has returned. Once the spoofer disappeared, gold has rallied back up to the overnight highs... rigged?

75 gold futures contracts used to "spoof" prices lower...

Via Nanex

And once the spoofer left the building...

 

It seems $1200 is the line in the sand once again.