Latest Gold ‘Flash Crash’ Leads To Questions Regarding Manipulation
GoldCore
GoldSeek.com
Tuesday, 7 January 2014
The flash crash had the hallmarks of price manipulation. It is nearly impossible to tell and the sell off could have been a fat finger trade or a large fund or bank liquidating a gold position.
However, given the degree of market manipulation that banks have been found guilty of in recent months (Libor, foreign exchange etc), manipulation is a real possibility. In order to protect investors and the integrity of markets, regulators internationally should again investigate the gold futures market where such manipulation appears to be taking place nearly on a weekly basis now.
This week’s key drivers of the gold market may be the U.S. FOMC minutes released on Wednesday and the December jobs data out on Friday.
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