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.
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