Here's the 5-minute chart...
During Sunday night futures trading, Gold fell $1128 to $1080 in one minute. It has since rebounded and regained about half the loss trading at $1109 about an hour later. It wasn't at the open either. It had been trading a couple of hours already when it puked.
That's a big move. Something fishy going on?
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Here's the 5-minute chart...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
WoW!
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
It appears it may have been a mini-flash-crash caused by stop-loss automated sell programming.
The markets were closed in Japan, so there was very little stopping a quick free fall.
The trigger looks like it was pulled when it hit $1130.
Looks like when human beings saw the drop, they jumped back in. Now doing better.
See Gold just got destroyed - Business Insider
Currently back to $ 1,109
Gold Price Today - 24hr USA Gold Spot Price Chart & History
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
U -
Did your system have a position in Dust, or did you close flat on Friday?
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Awesome! I hope it holds into the open for you. It looks like it will because it hasn't moved much in the last hour or two.
I scalped a $7 move from $1103 to $1110 in the futures. That was a nerve wracking 15 minute trade because it was still bouncing around quite a bit at the time.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Maybe China selling gold caused it?
China sells gold, sharply pulls down price
https://in.news.yahoo.com/china-sell...134617922.html
Oh my, just saw the NUGT/DUST daily changes... -30.9% and +32.46% respectively... that is insane!
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