Gold prices dropped very fast for a few seconds yesterday morning – about $30 per once- to the point that the CME halted trading for about 10 seconds (From CNBC Reuters.) The spike lower can be appreciated on the 1 min chart and the volume that came with it was very large as well – about 1.5 Million shares in the GLD alone. Was it a “fat finger”? It definitely sucked much of the demand that was building up for the past few days.
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- GLD 1 Min Chart
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- GLD Daily Chart
