Apparently a $30 plunge among them. Nanex is reporting that in just one second, 4,000 contracts traded hands! Yes, you read that correctly - FOUR THOUSAND!
Eric Hunsander, according to a report by Dow Jones, stated that in the past, 1,000contracts/second has halted trading in gold. He went on to say that 2,000 contracts/second is very rare.
I will leave the implications to the reader.
It is quite remarkable to say the least.
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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