Mirus Futures linked to gold price manipulation, fined 200k

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Updated July 19, 2015

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Mirus Futures linked to gold price manipulation, fined 200k

JustinIsHere · 2015-07-19T22:38:49-04:00

The fine is linked to the January 6th, 2014 flash crash in gold. See Today, gold flash crashed again. Currently at -2.25% which is a quite big move considering major indexes are pretty much unchanged (+0.08%). On a side note, an interesting article: "And here is, in Goldman's own words, is an explanation of the missing link between the physical and paper markets. To be sure, this linkage has been proposed and speculated repeatedly by most, especially those who have been stunned by the seemingly relentless demand for physical without accompanying surge in prices, speculating that someone is aggressively selling into the paper futures markets to offset demand for physical."

July 19th, 2015, 10:38 PM	#1 (permalink)
JustinIsHere Montreal, Canada Elite Member Experience: Beginner Platform: NinjaTrader, Multicharts Trading: ES Frequency: Never Duration: Never Posts: 113 since Dec 2011 Thanks Given: 57 Thanks Received: 129	https://www.zerohedge.com/news/2015-06-18/mysterious-massive-seller-who-flash-crashed-gold-2014-has-finally-been-revealed The fine is linked to the January 6th, 2014 flash crash in gold. See https://www.zerohedge.com/news/2014-01-06/gold-flash-crashes-halts-trading Today, gold flash crashed again. Currently at -2.25% which is a quite big move considering major indexes are pretty much unchanged (+0.08%). On a side note, an interesting article: https://www.zerohedge.com/news/2014-03-22/how-china-imported-record-70-billion-physical-gold-without-sending-price-gold-soarin "And here is, in Goldman's own words, is an explanation of the missing link between the physical and paper markets. To be sure, this linkage has been proposed and speculated repeatedly by most, especially those who have been stunned by the seemingly relentless demand for physical without accompanying surge in prices, speculating that someone is aggressively selling into the paper futures markets to offset demand for physical."