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Hello, 

 

Prices had been extremely quiet, trading over the 1250 support as of then when the "fat-finger" triggered stops below 1250 and towards the 200 DMA at 1242 - 36 as of then.

 

I happen to notice that we operate in a massively low volatility environment, despite the Geo-political up-rise from the Korean peninsula and the scandals surrounding the White House administration. Do you feel the same, that the lack of volatility continues keeping genuine fundamentally backed action away from gold prices?

 

Lately, we saw a similar 'flash crash' in the Silver prices in thinly Asian traded markets, unjustified and unwarranted by any Fundamental backings. 

 

Best, 

 

EB

 

 

 

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Hi  &   You are right about the very low volatility, see weekly VIX chart, and gold is at an interesting juncture. Seems to be waiting for an excuse to treat this area as support or resistance. Daily chart.

 

Capture.PNGvix1307.PNGXAUUSD(£)Daily.png1307.png

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