Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts
Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window) for no apparent reason, falling from 1,253 to test 1,236, the 200-DMA at around 4 a.m. EST.
That's being chalked up to a "fat finger," and the follow through for the dollar and yields was readily apparent, with Treasurys diving to day lows and the greenback surging to day highs:
We also got San Francisco Fed chief John Williams in Sydney. Between his prepared remarks and comments to reporters, there
Someone update the economic surprises chart with both durable goods and CFNAI coming in as a miss.