What the Heck was That? Gold Dives in Morning Trading

November 15th, 2012 by

Gold suddenly dropped vertically from $1,723/oz to $1,706/oz in U.S. trading this morning for no clear reason. Zerohedge notes that this is the third day in a row this has happened, but today has been much more severe.

I will update when the picture becomes clearer. Perhaps it is HFT algorithms run amok, as the stock market is whipsawing as well.

by David Peterson