Gold takes a quick tumble as Comey hearing gets going

Seeking Alpha

Published Jun 08, 2017 10:22AM ET

Gold takes a quick tumble as Comey hearing gets going

  • Gold continues to behave as if the Comey hearing and U.K. elections will be a whole lot of nothing. It's fallen more than $10 per ounce to $1,275 just as the former FBI director's Senate appearance gets underway.
  • ZeroHedge is reporting more than 30K gold futures contracts - $4B in notional value - dumped just before 10 AM ET.
  • The metal is now down about 2% since nearly touching $1,300 earlier this week.
  • GLD -1% on today's session.
  • ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GTU, GLDI, DZZ, OUNZ, DGLD, DGL, DGZ, GYEN, GEUR, GLDW, UBG, GHS, GHE, QGLDX
  • Now read: Tumbling Tuesday - Trump Troubles Mount While US Macros Hit 2016 Lows

Original article

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