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Proof that Monday's gold smash was not a 'fat finger' mistake but an algorithm attack
5:57p ET Wednesday, January 8, 2014
Dear Friend of GATA and Gold:
Market data provider Nanex in Winnetka, Illinois, tonight produces proof that Monday's smash down in the gold futures market was not a mistaken "fat finger" trade but the product of a high-frequency algorithm trading program painstakingly designed to take the market down. Nanex's report, with great charts, is here:
http://www.nanex.net/FlashCrash/OngoingResearch.html
Zero Hedge's commentary on the report is here:
http://www.zerohedge.com/news/2014-01-08/proof-golds-latest-slam-was-not...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A Personal Touch in Buying Precious Metals
If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt.
All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653.
Join GATA here:
Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...
GATA Reception in Vancouver
Free admission, cash bar
5-8 p.m. Monday, January 20, 2014
Lions Pub, 888 West Cordova St.
Vancouver, British Columbia, Canada
Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China
http://www.minesandmoney.com/hongkong/
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Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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Jim Sinclair plans seminars in Asheville and Austin
Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required.
Details for the Asheville seminar are posted at Sinclair's Internet site, JSMineSet.com, here:
http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-conf...
Details for the Austin seminar are posted at JSMineSet.com here:
http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/
