Gold flash crash WTF

trew said:
Ouch said:
smh.com.au said:
Gold plummeted from $US1132 an ounce to $US1092 in the space of minutes today after 5 tonnes of bullion was unloaded on the Chinese market.
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Read more: http://www.smh.com.au/business/markets/gold-price-crashes-as-chinese-offload-20150720-gig1yp.html
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Did anybody actually sell 5 tonnes of physical gold or did 5 tonnes worth of futures contracts get sold ?

Similar things happened right before the last big smack down - somebody trying very hard to push the price down.
If you really had 5 tonnes of gold to sell you would you really do it in a few minutes so you got less for it than if you sold slowly ?
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Short paper... Long physical
 
GSR is interesting.. expected to see a 80 print, wonder if Silver is going to catch up or if gold was getting ahead of it's self?
 
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