Goldman, Citi Turn Positive On Gold – Despite ‘Mysterious’ Flash Crash

Jon Precious Metals

Goldman and Citigroup Turn Positive On Gold – Despite ‘Mysterious’ Flash Crash
– Gold bounces higher after ‘mysterious’ one minute ‘flash crash’ mistake
– $2 billion, 50 tons or 1.8 million ounces ‘fat finger’ trade blamed
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– Massive selling at 0400 EST when U. S. markets closed and thin trading amid holidays in Muslim countries including Turkey, Singapore and Malaysia.
– Mystery is that ‘fat fingers’ in gold market are always sell trades that push prices lower

This post was published at Gold Core on June 27, 2017.