I woke to a shock drop in Gold on Monday as gold took a rapid price plunge. I dont think this will be the last of these sudden shocks that’s characterised the market in recent months. Gold sank at 9 am in London on Monday after a huge increase in volume in New York futures that some traders said may have been the result of a “fat finger” or erroneous order. My broker reported trading jumped to 1.8m ounces of gold in a minute which an amount that's larger than the gold reserves of Finland (40 tonnes). Gold futures fell as much as 1.6% to $1,236.50, the lowest for a most-active contract since May 17. Its currently at 1251 after making a good recovery this am.
