Contributed Commentaries
What Do You Call A FAT FINGER Up Move?
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Editor's Note: Kitco readers, have your say! Check out our newest feature – KITCO CHAT! – where you can share your comments and ask questions directly to us.
(Kitco News) - In the last two weeks, there were three or four Fat Finger or Flash trades. On Monday Morning at 7:28 EST there was a Flash Rally. Okay, there is no real name for what happened Monday morning, understandable that the street only hears about these moves when they are down. More proof that big institutional firms are trying to manipulate metals.
Gold popped from $1,204 and $1,200. Will be a huge level that must hold, or things could get ugly. Silver held and bounced higher from $15.25, but does have a footprint at the $14.30 level. Both gold and silver at key levels and must hold or the pressure will be on.
