Posted by on December 29, 2016 3:35 pm
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Categories: Alternative currencies Atomic physics Bitcoin Bond Bullion Business Cryptocurrencies Currency Economy Finance Futures contract gold Gold coin Investment Matter money Precious Metals Rebalancing investments Yuan

Gold is up 5 days in a row and is surging above $1150 today as someone decided to buy $3.5 billion notional of the precious metal into the European close.

It appears the rotational year-end flows are rebalancing back into bullion as well as bonds… Over 30,000 contracts ripped through futures in the last few minutes before Europe’s close – around $3.5 billion notional. 

This is gold’s best day since 11/2.

Silver is bid too…

Bitcoin is leaking after breaking $1000 equivalent in Yuan…

The article, "Gold Surges Above $1150 On $3.5 Billion Bid, Bitcoin Dips", was syndicated from and first appeared at: http://feedproxy.google.com/~r/zerohedge/feed/~3/PEXhT7Z3mHw/gold-surges-above-1150-35-billion-bid-bitcoin-dips.

You may find more great articles by Tyler Durden on http://www.zerohedge.com/fullrss2.xml/sites/default/files/images/user5/imageroot/draghi/CBO%20August%201.png/%2A%7CFORWARD%7C%2A.

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