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MUST SEE: The Memorial Day Gold Massacre — When HFTs Forget The World’s On Vacation

from ZeroHedge:

As the rest of America began to relax last Monday with a patriotic beer in their hand and a never-forget-hotdog stuffed in their mouth, the machines that run the gold manipulation market appeared to forget that the world was on vacation. The WFT moment that we described here, appears – thanks to Nanex detailed analysis – to have been the actions of yet another rogue HFT algorithm roller-coastering through an after-hours order book in gold futures. Un-rigged?

Read More @ ZeroHedge.com

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2 comments to MUST SEE: The Memorial Day Gold Massacre — When HFTs Forget The World’s On Vacation

  • Sergio of the Jungle

    There are only two probabilities in the equation:-
    * The markets are rigged and regulators are aware.
    ** The markets are unregulated and the riggers are aware.
    Either way, the market is not a market, it is an exchange where someone goes to be defrauded.

    • Ed_B

      Yeah, it sure looks that way. But one can only wonder why people continue to play this game with the riggers. Surely, they are aware of this nonsense, yet them still come to be fleeced. This SHOULD result in a major “WHY?”.

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