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5. Futures Economic Reports for Wednesday July 22, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Gold sold off in a big way Sunday night (July 20th trading session) following a weak close right on support levels the prior week.
News came out that a big bullion dealer from China sold a very large amount of bullion in a matter of 2 minutes, sending gold prices down to 1080 for a short period of time before bouncing back up.
From what I understand, China holds quite a bit of physical gold and that leaves the door open for additional sales in the future.