Nice Try Monkeys...Nice Try
As the European markets closed, about an hour before the Fed admitted it was losing control, it seems someone decided it was a fantastic time to force sell over $1 billion notional of paper gold into the futures market to send the precious metal back below the key $1300 level...
It was short lived. Once the fed admitted what the market already knew, Gold shot back over $1,310 and currently sits at $1,314.
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