Gold Flash-Crashes Below $1300

After the shenanigans in US mega-tech stocks over the last two days and the seemingly well orchestrated melt-up to pre-J-Hole levels in the dollar, why should anyone be surprised that ‘someone’ decided to try to sell $1.1 billion notional into the Asian open…

Sending Spot Gold back below the Maginot Line of $1300…

Silver followed suit… with 1300 contracts ($115 million notional) dumped at 21:43:30ET

The Dollar Index spiked as precious metals were ‘handled’ – note that in the last 48 hours, no dips in the dollar have been allowed…

Was The Bank of Japan at work again?

The flash crash lows coincided with the oddly-timed spike from Monday (that really had very little in the way of specific catalyst)…

One witty Twitterer asked mischieviously, “Was Kim buying Gold futures ahead of his launch?”