Posted by on December 5, 2017 3:04 pm
Tags: , , , , ,
Categories: Atomic physics Economy Futures contract gold Matter Mineralogy Precious Metals

At 0907ET, someone decided it was the perfect time to dump $1.5 billion notional worth of gold, smashing the precious metal below its 200-day moving-average and back down to 4-month lows…

 

And so, once again, gold futures are tumbling…

 

To 4-month lows…but still up around 10% year-to-date…

 

What’s driving the gold weakness? Who knows… because it’s not the dollar…

 

Though Gold’s sensitivity to USDJPY has picked up notably…

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