The Price Of Gold: The Fed's 60 Seconds Of Desperation

http://truthingold.blogspot.com/2014/01/the-price-of-gold-feds-60-seconds-of.html

The price of gold was remarkably smashed $35 in the space of 60 seconds at 10:14 a.m. NY time this morning.  12,000 contracts hit the market almost all at once.  To put this size in context, on Friday a little over 107,000 Feb contracts traded during the entire 23 hour Globex system session.  In other words, today at 10:14 a.m., a little over 11% of Friday's total volume traded in the space of  1/1380th of the entire Globex session for a given period.