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- Luther replied Jan 7, 2014
This is what I was saying yesterday. Even though the spike was a single seller it gives the support level for downtrend continuation if it's retested and doesn't hold. If we don't bounce, it puts 1218 and 1214 back into play.
- Luther replied Jan 6, 2014
It's impossible to say without the details. You'd have to know what price the contracts were bought to calculate the PL. I meant a single gold fund was the source of the dump versus a broader sentiment sell off, which could be a bank or anyone with ...
- Luther replied Jan 6, 2014
If you look at the amount of contracts, it wasn't a large sentiment sell off. It was under 1 Billion USD. It may well have been a single fund dumping at their preferred price.
- Luther replied Jan 6, 2014
It means CME reviewed the transactions, and they weren't caused by technical error.
- Luther replied Jan 6, 2014
Yes. CME announced all trades stand, which means that spike was a sharp sell off, not an erroneous transaction.
- Luther replied Jan 6, 2014
One contract is 100 troy ounces, so figure around $992,000,000 for 8,000 contracts.
- Luther replied Jan 6, 2014
Fat finger. 8,000 futures contracts went through on the Comex and tripped the breaker.
- Posts by Member Search: 'Luther'