More Mysterious Gold Trades That Trigger Price Plunge? What Else Is New?

Excerpts from an article published on Bloomberg on November 10:

Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.”

“We didn’t see any headlines, any news to make gold drop $10, but it just did,” Miguel Perez-Santalla, a sales and marketing manager at Heraeus Metals New York LLC, said by telephone. “It’s going with someone who has a huge position that can trigger stops and make the market move in a direction…

Is this food for thought or not?

You can read the full article by Luzi-Ann Javier at   and make up your own mind.

Food for Thought or Not (or Ramblings from an Innocent Bystander)