The Traderszone Network

Published in TZ Latest News 19 July, 2015 by The TZ Newswire Staff

Gold, Precious Metals Flash Crash Following $2.7 Billion Notional Dump

The last time gold plummeted by just over $30 per ounce (dragging down silver and bitcoin with it) and resulted in a crash so furious it led to a “Velocity Logic” market halt for 10 seconds, was on January 6, 2014. Many said this was just perfectly normal selling, although we explicitly said (and showed) that it was a clear case of an HFT algo gone wild (following an order to do just that and slam all sell stops) when someone manipulated the market and repriced gold substantially lower.

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