"On December 4th, 2012 at 47 minutes and 13.1 seconds after midnight, 2,035
February Gold Futures contracts GCG3 took the market down $10
as fast as
the exchange could execute the order. This
invisible hand that
decided that that was the perfect time to execute a trade for
over
200,000 ounces and $345mm notional of gold is exposed in
oh-so-visible a manner by
Nanex's eagle-eyed
millisecond-by-millisecond charts below. As the day wore on, there were
more
of these sudden 'unexplained' price moves. Cue 'Twilight Zone' music...
Via Nanex:
1. 30 Second interval chart showing trades for the first 9 hours of
trading in the February 2013 Gold Futures Contract (GC.G13). The midnight crush
in the first drop on the left..."
at
http://www.zerohedge.com/news/2012-12-05/millisecond-analysis-latest-gold-smackdown
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