Posted by on December 29, 2016 3:35 pm
Tags: , , , , , , , , , , , , , , , , , ,
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:

You may find more great articles by Tyler Durden on

Leave a Reply

Your email address will not be published. Required fields are marked *