Cervantes

Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.

MIGUEL DE CERVANTES
Don Quijote de la Mancha.

26 de junio de 2017

Gold Plunges After 1.8 Million Ounces Were Traded in One Minute

  • Comex volume spiked to 18,149 lots in a minute at 9am London
  • ‘No-one has a clue’ what happened, Marex’s Govett says
     
    Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a "fat finger," or erroneous order.Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise election of U.S. President Donald Trump or Britain’s vote to leave the European Union.
    “No one has a clue, apart from the unfortunate individual that pressed the wrong button,” David Govett, head of precious metals trading at Marex Spectron Group in London, said of the spike in volume. Thin activity and automated trading may exacerbate such moves, he said.
    Others said a trader may have made a larger order than intended, or underestimated the market’s ability to absorb so much gold.
    Some 18,149 lots were traded on Comex in just a minute, before falling back to 2,334 lots an hour later.
    Gold futures fell as much as 1.6 percent to $1,236.50 an ounce on the Comex, the lowest for a most-active contract since May 17. The metal for August delivery settled at $1,246.40 an ounce at 1:37 p.m. in New York, below the 100-day moving average.
    The mysterious plunge “has the market spooked,” says Bob Haberkorn, a senior market strategist at RJO Futures.

    ‘Muppet’ Trade

    “This bears the hallmarks of a fat-finger ‘Muppet’ -- a trade of 18,149 ounces would be a very typical trade, but a trade of 18,149 lots of a futures contract (which is 100 times bigger) would not be,” Ross Norman, chief executive officer of Sharps Pixley Ltd., a London-based precious-metals dealer, said in a note.
    “It leaves us wondering if a junior had got confused between ‘ounces’ and ‘lots,’” Norman said.
    Some speculated that the sell-off may have been prompted by technical concerns.
    “Gold’s failure at the $1,255 resistance level may have triggered a technical sell and with limited participation, the size of the sell order pushed gold” down to the next support level, Peter Hug, marketing director at Kitco Metals Inc., said in a note to clients.
    Bullion pared losses after a report showed U.S. orders for business equipment unexpectedly declined.
    Rising use of computer-driven algorithmic trading has often been blamed for extraordinary movements in financial markets, known as flash crashes, in recent years.
    For a QuickTake on why machine learning often fails, click here
    “These moves are going to become more widespread with the way things are going,” Govett said by email. "The more they happen, the worse they will become as people back away from holding positions."
    There were also signs of falling demand for gold as China, the largest consumer, bought less from Hong Kong in May. Purchases fell to a net 44.8 metric tons, from 74.9 tons in April, according to data from the Hong Kong Census and Statistics Department compiled by Bloomberg.
    In other precious metals
    • Silver futures fell on Comex.
    • Platinum also slipped on the New York Mercantile Exchange, while palladium advanced.
     

Alerta Venezuela

No dejen de ver este conmovedor video

LatinoAmérica Calle 13

Así preparan la cocaína: un cocktel de venenos.

The American Dream

Facebook, Israel y la CIA


La Revolucion de la Clase Media

Descontento en el corazon del capitalismo: el Reino Unido

Descontento en el corazon del capitalismo: el Reino Unido

La Ola se extiende por todo el mundo arabe : Bahrein

La Caida de un Mercenario

La Revolucion no sera transmitida (I)

(II) La revolucion so sera transmitida

(III) La Revolucion no sera transmitida

(IV) La Revolucion no sera transmitida

(V) La Revolucion no sera transmitida

(VI) La Revolucion no sera transmitida

(VII) La revolucion no sera transmitida

(VIII) La Revolucion no sera transmitida

Narcotrafico SA

La otra cara del capitalismo...

Manuel Rosales mantenia a la oposicion con el presupuesto de la Gobernacion del Zulia...

El petroleo como arma segun Soros

Lastima que se agacho...

El terrorismo del imperio

Promocional DMG

Uribe y DMG