Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute”

Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits.

Gold Futures – August 24, 2016 (Zero Hedge)

Subsequently, gold dropped throughout most of trade in New York and ended near its last minute low of $1323.80 with a loss of 1.1%. Silver slipped to as low as $18.535 and ended with a loss of 1.75%. Gold futures moved sideways in Asia prior to moving slightly lower in morning trade in London. Read more…