By Michael Noonan, Gold Silver Worlds:
On Friday morning, gold trading was shut down for 10 seconds in a “stop logic” event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, [10 seconds???] “designed to prevent exaggerated price movements.” In a sorry-ass explanation that defies common sense, except to protect the criminal exchange behavior, we give this CME propaganda no further consideration.
Here it is in picture format on a 1 minute chart. Who would do such a thing? “Someone” sold 2 million oz of paper contracts at one time.
Please follow SGT Report on Twitter & help share the message.