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Mirus Futures linked to gold price manipulation, fined 200k
Started:July 19th, 2015 (10:38 PM) by JustinIsHere Views / Replies:455 / 1
Last Reply:July 19th, 2015 (10:38 PM) Attachments:0

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Mirus Futures linked to gold price manipulation, fined 200k

Old July 19th, 2015, 10:38 PM   #1 (permalink)
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Mirus Futures linked to gold price manipulation, fined 200k


The fine is linked to the January 6th, 2014 flash crash in gold. See http://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: http://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."

Last edited by JustinIsHere; July 19th, 2015 at 10:51 PM.
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Old July 19th, 2015, 10:38 PM   #2 (permalink)
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