Precious Metals Puke - 'Someone' Dumps $2 Billion Of Gold Into Futures Markets

What goes up... must not be allowed to...

Someone just decided this was the perfect time to dump over $2 billion worth of notional paper gold onto the markets...

 

Over 16,000 gold contracts (and 7,500 silver) were dumped in that 5/10 minutes segment.

It appears Draghi did not like the impression of his impotence that precious metals were suggesting.

It appears the Gold/Silver ratio at 72x was a big buying opportunity?

 

As the longer-term trendline holds support...