“Gold had a ‘mini flash-crash’ in Asian trade on Monday, with the price falling almost 4% in a matter of seconds. A huge dump of bullion, equivalent to one-fifth of a whole day’s trade in a normal session, came on the market in China this morning in a two-minute window. ANZ Bank analyst Victor Thianpiriya said that the ‘nature, size and timing of the heavy selling’ suggests someone ‘was taking advantage of low liquidity or some sort of forced selling had taken place.’ If it is ‘forced selling’ then we could be in for plenty more trouble. Forced selling generally means leveraged investors who have used borrowed money to buy gold are being forced to sell to pay back the borrowed cash.”
Related posts:
Peter Surda Talks About The Economics Of Bitcoin - Deflation
Natural Gas Opportunities for MLP Investors
Think your password is secure from the NSA? Try this.
Housing’s Mini-Bubble Has Popped.
"Justice" in Amerika: Two Years for Rape, Ten Years for Hacking
Preliminary Hearing: D.C. vs Kokesh
Rogue Employee Fired for Turning Game Network Into Bitcoin Mining Colony
The Gold Revolution
Gary Johnson Issues Statement on Syria
Mars One has 78,000 applicants so far—sort of
Inside TimeSpace, the New York Times’ new startup accelerator
Homeland Security’s Massive New Face Recognition, DNA, and Relationship Database
Beijing Subway, Line 13, morning rush hour - just a little crowded
The War on Asparagus
Newly leaked NSA program sees 'nearly everything' you do