4um: Gold Surges Back Into The Green After $1.2 Billion Morning Plunge

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Title: Gold Surges Back Into The Green After $1.2 Billion Morning Plunge
Source: [None]
URL Source: http://www.zerohedge.com/news/2016- ... fter-12-billion-morning-plunge
Published: Feb 5, 2016
Author: Tyler Durden
Post Date: 2016-02-05 16:34:50 by Horse
Keywords: None
Views: 48
Comments: 4

After someone decided to dump $1.2 billion notional in gold futures this morning as the jobs data hit - sparking a $20 tumble in the precious metal - it appears stock sellers are greatly rotating to the safety of bullion (over bonds)...

These Are The Banks The Market Is Most Concerned About
these are the "Musketeer" banks - one for all and all for one as any system failure in Deutsche, Credit Suisse, or Bank of China will leak immeasurably and contagiously around the world via the interconnectedness of the collateral chains used to fund these behemoths.

Poster Comment:
Gold is $1,172.89.(2 images)
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Begin Trace Mode for Comment # 3.
#1. To: Horse (#0)
Oopsie - I should have bought more at 1040...oh well.

Lod posted on 2016-02-05 16:45:41 ET Reply Untrace Trace Private Reply
#3. To: Lod (#1)
I should have bought more at 1040...oh well

Gold and especially the miners are looking over-bought in the short-term and could see a sharp pullback (a.k.a. buying opportunity?) early next week.

Ada posted on 2016-02-05 17:21:21 ET Reply Untrace Trace Private Reply
Replies to Comment # 3.
#4. To: Ada (#3) (Edited)
Generally, and I do mean generally, such a pop soon leads to a retrenchment; we'll see soon enough.
I've bought Au at 1800 so this is not really scary, yet.

Lod posted on 2016-02-05 17:24:38 ET Reply Untrace Trace Private Reply
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