Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

It's 7pm In New York, Do You Know Where Your Precious Metals Manipulators Are?

It appears the machines have found a new pattern to follow...

Last night we pointed out the 'odd' - in the sense that nothing amazes us anymore, but still, behavior in precious metals futures markets.

At 1906ET last night, Silver futures flash-smashed higher, running the day's high-stops, before plunging back to earth...

Gold futures also followed suit tonight...

 

This would normally be shrugged off as just another example of the utter farce that global capital markets have become. However, a glance back in recent history at the silver market's most recent chaos moment - on July 6th - and a 'funny' thing stood out!!!

Gold also followed suit that night too...

At exactly 1906 ET on July 6th, Silver futures flash-crashed (some say over 10%, though many data feeds have been subsequently 'cleansed' of that sin), before normalizing.

*  *  *

And sure enough, tonight, at exactly 1906ET once again, 'someone' went to town on Silver & Gold futures...

 

And it even looks like the machines tried to front-run each other a little into the 1906ET mini-flash-crash

So, we ask again, what is it about 1906ET that sends the algos in overdrive? Or is it all just coincidence? Probably nothing, right?

It's now deja deja vu all over again...