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Gold Spikes On Sudden $1.2 Billion Bid

For no good reason aside from the algos had their fun to the downside and crude ran its stops, precious metals' futures have suddenly exploded higher on heavy volume... The surge in gold saw approximately $1.2 billion notional traded...

 

 

Silver also surged...

 

Seemingly triggered by a flush of volume as WTI hit stops at yesterdsay's NYMEX close...