What the hell happened to futures at 2pm Est.?
Gold, Silver, and Oil futures had an outrageous sell-off at 2pm in the time span of 5 minutes that would lead me to believe that a single trader or hedge fun took their profits and ran. The question is now if this a healthy correction after two weeks of consistent upward movement (oil excluded here) or is this massive anticipation of the POMO mobile calling in reinforcements for tomorrow. Meaning, someone was stockpiling ammo to buy the dip.
Will do more reading tonight to wrap my head around this situation…
Took losses, well lost profits today, but will definitely be holding NGD.TO through March 4th’s earnings and AVR.TO through MArch 22nd’s earnings.
My hedge did well today.