Wednesday, May 2, 2012

Manipulative Gold ‘Fat Finger’ Or Algo Trade Worth 1.24 Billion USD

Gold’s London AM fix this morning was USD 1,661.25, EUR 1,253.02, and GBP
1,024.70 per ounce. Yesterday's AM fix was USD 1,662.50, EUR 1,256.61 and GBP
1,021.44 per ounce.
Silver is trading at $30.85/oz, €23.37/oz and £19.10/oz. Platinum is trading
at $1,570.00/oz, palladium at $677.60/oz and rhodium at $1,350/oz.
Gold rose $3.80 or 0.23% in New York yesterday and closed at $1,666.10/oz.
However, there were more peculiar goings on in the gold market which saw one
massive sell order

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