While stocks have been limping higher since around 2am ET (following headlines on an imminent ICBM launch) they remain lower from Friday’s close:
But precious metals the biggest gainers of post-North Korean “hydrogen bomb” testing safe haven flows.
Silver broke above resistance at early June highs to test $18 and the highest levels since April 25th.
But that was clearly not acceptable to someone:
At 0451ET, someone decided it would be an opportune time to dump over a quarter of a billion dollars notional of gold into the futures market…
Taking out the Asia opening low stops. For now the gains in PMs are holding.
