Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
Because nothing says unrigged like a collapse across the commodity complex (gold, silver, copper, and crude) as London’s Gold Fixing Company auction takes place… Or did the Fed leak its minutes like it did in 2013? It appears the real reason is the early release of Swiss Gold Referendum poll data that shows a drop from 44% “Yes” to 38% “Yes”.
No it’s not the USD!!
* * *
Subtle!!
10:48:31 – 2270 Gold futures and 596 Silver futures trade in 1 second $GC_F $SI_F
— Eric Scott Hunsader (@nanexllc) November 19, 2014
* * *
There is a 3rd possibility…
SRG SWISS REF poll will be announced unofficially at around 11am EST.
It is a private survey so might be out already…
The last survey had 17% undecided (with 44% supported “Save our Gold”, 39% were opposed)
* * *
Data is released:
2. SRG-Umfrage: Gold 38% Ja (-6) zu 47% Nein (+8), 15% (-2) unentsch., das Nein baut sich auf #CHvote #abst14 #goldinitiative
— gfs.bern (@gfsbern) November 19, 2014
So a big drop in “Yes” and EURCHF reacts…
and then gave it all back…