Strange days! First, the lovable losers from the “mistake on the lake” (aka, the Cleveland Browns) beat the New York Jets for their first victory in several seasons. Then, gold flash crashes and partially recovers.
At 08:45 ET, more than 10,000 December gold futures contracts, each representing 100 ounces, changed hands on the Comex in New York. That amounts to approximately $1.2 billion notional of the precious metal. That was about 30 times the 100-day average for that time of day.
While most eyes are on gold, silver had the same flash crash but with a stronger rebound.
Did the New York Jets flash crash against the Browns?
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
