It's 8:40 Am, Do You Know Where Your "Sell Gold" Order Is?
It's that time of day again. For no good reason (aside from arguably a stronger EUR as BIS fills its boots) - and with stocks up - Gold and Silver have once again been Baumgartnered this morning down to three-week lows (and Gold under $1700 again - breaking below its 100DMA for the first time since 8/16).
The last time Gold fell this fast in 7 days, it bounced quite notably...
and if you needed a reason for why gold is plunging - see here - as 10Y goes 'special - and gold and Treasuries move tick for tick in a liquidation rotation...
Chart: Bloomberg
ZeroHedge
It's that time of day again. For no good reason (aside from arguably a stronger EUR as BIS fills its boots) - and with stocks up - Gold and Silver have once again been Baumgartnered this morning down to three-week lows (and Gold under $1700 again - breaking below its 100DMA for the first time since 8/16).
The last time Gold fell this fast in 7 days, it bounced quite notably...
and if you needed a reason for why gold is plunging - see here - as 10Y goes 'special - and gold and Treasuries move tick for tick in a liquidation rotation...
Chart: Bloomberg
ZeroHedge