You are viewing a single comment's thread from:
RE: Gold and Silver Flash Crash ($1.8 billion) in one minute
After the past Friday COT report (which was bullish gold and silver) showing commercials decreased their shorts, I can almost guarantee this coming Friday's report will show they have increased their shorts. The COT report reports activity up to the Tuesday before the Friday the report is released. Those low-life's in-the-know had this slam down planned, just waited for the HFT to give them the perfect opportunity in a thin market.
Perhaps we can get some summer bargains?
These "engineered flash crashes" usually rebound fairly quickly. It's best to have dry powder to buy on these dips after you see some stabilization.