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CNBC can't understand gold's sudden drop today

By: Chris Powell

 -- Published: Friday, 10 November 2017 | Print  | Disqus 

Any journalist who really wants to understand it might review the material here --

http://www.gata.org/node/17751

-- and then call the Bank for International Settlements in Basel, Switzerland, at +41-61-280-8080 and ask for the gold swaps and leases department.

* * *

Gold Just Dropped in Sudden Move Lower

By John Melloy and Fred Imbert
CNBC, New York
Friday, November 10, 2017

https://www.cnbc.com/2017/11/10/gold-just-dropped-in-sudden-mover-lower....

Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes.

Trading volume also picked up during the selling activity.

Gold futures for December delivery were down 0.9 percent as of 11:52 am in New York after stabilizing following the sudden decline.

It was not immediately clear what caused the drop.

Gold was set for a weekly gain as stocks fell and uncertainty about the timing of the U.S. tax reform plan increased, pushing investors into the arms of the safe-haven trade.

Join GATA here:

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


| Digg This Article
 -- Published: Friday, 10 November 2017 | E-Mail  | Print  | Source: GoldSeek.com

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