Gold markets were tripped into suspension overnight for the 4th time in the past 3 months. A single order of 1500 contracts were dumped simultaneously into what was an illiquid Gold market. The value of the order US$184.5 million immediately sent the price down $10. The series of halts is fueling speculation around market manipulation as gold market remain under pressure. (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.
and the motivation? Simply short sellers?