| Gold took a double hit recently based partly on a news item from the rumor mill that a large fund in Asia was selling to “run the stops.” The sale looks like a carefully crafted trade prepped and successfully executed by a well known $14b U.S. fund, according to one source.
Prior to the sale there had been an unusually large purchase of gold 'puts' -- a leveraged options play that profits from a downward spike in prices. There had also been some early selling on the overnight electronic platform presumably to test the waters before the big guns fired a devastating salvo...............................................Full Article: Source
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