Strange how Gold didn't move up with it, probably a massive dump by foreign government or some hedge funds.
It would seem like Gold must be sold heavily by real-time manipulation to contain it down by the bullion banks. It must be there big fear to let the gold price run out of control.
Huge move in USDX, all fingers pointing at China? Like others have said i'm surprised we have not seen a move in gold upwards unless of course the move up has been mulled by selling?
I'm seeing big selling in gold positions now, had spike downward. Very interesting its very rare to see a weak USD and weak Gold at the same time.
There has to be a lot of missplaced fear going on out there in order for gold to react in this way else the Bullion Banks are delibrately wanting gold to look weak when they know things in the fiat world is fraying and breaking. The euro is up so maby some big plays into the euro and out of commodities by the hedge fund algorithms.
Options sellers base their entire strategies on selling options hoping that the buyers are not going to exercise them by the gold options expiration dates, so they keep the profits. Many major bullion banks profit on the day the options expire in the attempts for these options to be left unexercised by manipulating gold prices to fall for a short period of time. Inexperienced gold options investors might be under the impression that gold has hit its long term low and never exercise their options inadvertently letting bullion banks profit from selling their gold options. This scenario explains why inexperienced futures traders might panic when the gold prices sharply fall within a day or two before gold options expiration dates. Experienced gold futures trading specialists are aware of this scenario and hold on to their gold assets knowing that in a short period gold prices are going to get balanced out. http://www.goldbullionpro.com/gold-options-expiration-dates-review/
You can see were the money has been shifting, Aussie dollar, Singapore dollar, Swiss Franc(for a short period now its retreating) & Canadian dollar. I'm still puzzled why investors would pour money from USD into YEN unless taking a long position because BOJ always intervenes anyway lol
Some of you folks have got a finger on the financial pulse of the globe. thanks for your info & insights.
