- A large seller on Comex “dumped $1.4 billion of gold futures onto the market,” Ross Norman, chief executive officer at Sharps Pixley Ltd. in London told MarketWatch. “We have a peculiar world where the physical market is seeing very strong buying, but a large leveraged speculator is selling at these prices.”
- “No one dumps that much of a commodity that quickly to get the best price,” he said. “Their intended purpose is purely to drive the price down. It’s outright manipulation that wouldn’t be allowed in any other market.”
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- “No one dumps that much of a commodity that quickly to get the best price,” he said. “Their intended purpose is purely to drive the price down. It’s outright manipulation that wouldn’t be allowed in any other market.”
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