Insider Trading in Gold before FOMC announcement

By | September 19, 2013

Gold Jumps Most in 15 Months as Fed Refrains From Taper , Gold prices spike after Fed announcement but some controversial facts shows Insider Trading happened in Gold. Some traders were aware of the FOMC news before it was released.

Here is the fact:

Around 4300 contracts changed hands in the Dec Futures – massively more than average volume – before the statement came out and drove prices further up.

In those 3 minutes Gold prices jumped $11… so the question is – lucky guess… or which big bullion bank got the nod?

 

5 Minutes charts below also shows Spike up in volumes.

goldm5

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