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http://newsdoors.blogspot.com/2012/12/its-840-am-do-you-know-where-your-sell.html
It’s 8:40 Am, Do You Know Where Your “Sell Gold” Order Is?
It’s that time of day again. For no good reason (aside from arguably a stronger EUR as BIS fills its boots) – and with stocks up – Gold and Silver have once again been Baumgartnered this morning down to three-week lows (and Gold under $1700 again – breaking below its 100DMA for the first time since 8/16).
The last time Gold fell this fast in 7 days, it bounced quite notably…and if you needed a reason for why gold is plunging – see here – as 10Y goes ‘special – and gold and Treasuries move tick for tick in a liquidation rotation…
http://newsdoors.blogspot.com/2012/12/its-840-am-do-you-know-where-your-sell.html