$500,000,000.00 in gold futures contracts dumped

[frugi]

$500,000,000.00+ in gold futures contracts were dumped this morning....that is an explanation of this mornings downturn.

http://www.zerohedge.com/news/2014-04-15/gold-futures-halted-again-latest-furious-slamdown

It seems the two words "fiduciary duty" are strangely missing from the dictionary of the new normal's asset management community. This morning, shortly before 8:27am ET, someone decide that it was the perfect time to dump thousands of Gold futures contracts worth over half a billion dollars notional. This smashed Gold futures down over $12 instantaneously, breaking below the 200DMA and triggered the futures exchange to halt trading in the precious metal for 10-seconds. Palladium also got clobbered and was also halted. This is gold's worst since Bernanke 'tapered' in December.

[thedrifter]

Someone knows something.

[Computer Jones]

It's a good way to get rid of your shorts if you think the Chinese (with or with out the Russians) are going to are going to start setting a real price and the U$A/England/$wiss manipulations are coming to a close.

or

RedShield has a longer term plan in hand..