The Phaserl


8am: Gold-Smashing Time

from Zero Hedge:

It’s that time again… like clockwork, as 8amET rolls around gold and silver become the object of derision for some entirely unrigged decision-maker at a bank… pressing gold prices down to 3 month lows. The question is will the selling prompt buying like on Friday or beget more selling because it is after all a Tuesday… With $450 million notional flushed through futures contracts, someone was in a hurry after seeing Europe’s extreme left and right uprising to unload any protection against an ECB capable of only one trick to save the world.

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