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Monday, August 29, 2016

Someone Just Puked $1.5 Billion Of Notional Gold, And The Selling Continues...

Zero Hedge
August 24, 2016
Gold continues to be pummeled… 
having broken through the 50-day moving-average at $1338…
But Gold is outperforming Silver as the ratio surges back towards pre-Brexit levels…
As we detailed earlier, it made perfect sense – someone just decided in keeping with their fiduciary duty, 0840ET was the perfect time to unleash $1.5 billion of gold notional into the futures markets….

Over 10,000 contracts dumped in 1 minute… “normal”
New low prices are bringing in some dip-buyers…
And Silver dropped on heavy volume too…

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