Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts

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
Subscribe or log in to read the rest of this content.

One thought on “Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.