Originally posted by mayabong
reply to post by redgreen
Yeah it was pretty obvious last night when the price of silver crashed like 6 dollars in 11 minutes or something. I was wondering what was going on. Then an hour or 2 later here comes Obama saying Osama is dead. Looks like someone had inside knowledge and were trying to start a panic when trading was thin.
Looks like it bounced back pretty strongly. I'm long anyways so these blips don't bother me much.
Originally posted by JakiusFogg
Just to mention on the CME Group weekly deliverable report for gold last week
there was a transfer of around 169,000 T oz transferred from HSBC USA to JPMC
Now why would they do that?
Not to mention that the lease rates spiked that day! JP to fail next through comex default?