Strange spot price spike

[silenceissilver]

Traders and conspiracy theorists, please explain this!

[CadmiumGreen]

19 minutes ago, silenceissilver said:

Traders and conspiracy theorists, please explain this!

Bercow and Pelosi had a transdimensional Christmas Party tryst???

[sixgun]

The gold and silver markets close for an hour at 23:00 (my time) (GMT+1). i have seen spikes in gold, virtually at the last second. It is as if a buy order goes in at market - there are insufficient opposing sells at the prevailing price so the price shoots up until the order gets filled - so we see a spike on the chart, which then returns to the baseline. i saw this in gold tonight (23.12.2019) and i also noticed it last week when i happened to be watching the 5 minute chart at the close.

i don't think it is particularly significant. 

[5huggy]

1 hour ago, sixgun said:

The gold and silver markets close for an hour at 23:00 (my time) (GMT+1). i have seen spikes in gold, virtually at the last second. It is as if a buy order goes in at market - there are insufficient opposing sells at the prevailing price so the price shoots up until the order gets filled - so we see a spike on the chart, which then returns to the baseline. i saw this in gold tonight (23.12.2019) and i also noticed it last week when i happened to be watching the 5 minute chart at the close.

i don't think it is particularly significant. 

I too , have seen this occurrence, but for the last couple of months, it seems to be random when it happens

[sixgun]

The open interest in the futures market is very high - https://www.cftc.gov/dea/futures/other_lf.htm

Over 716 000 contracts - there is a theory there is a whale in the market - strange things happening.........

https://www.goldmoney.com/research/market-updates/market-report-gold-and-silver-becalmed

[Melon]

17 hours ago, silenceissilver said:

Traders and conspiracy theorists, please explain this!

Clearly between the hours of 8pm and 12am the suspect told a lie 🕵️‍♂️

[HawkHybrid]

closing market technical glitch(with probably little to no

volume connected to it).

 

HH

[silenceissilver]

Thanks for the replies. Something similar happened with gold yesterday while everybody was celebrating Christmas which, it turns out, can be very expensive (missed opportunity for buyers).

[sixgun]

There was a 1 minute spike - up and down in the minute. This is visible in the XAU/USD Forex chart- spot gold/USD. It is not visible in other gold/usd charts i have looked at. This is not tradeable - so no-one missed anything unless you had a stink bid in as this low level. There was a massive spike down in the silver price at about 3am GMT a couple of years ago or so. No physical traded at the lows of that spike and that spike lasted much longer than seconds.

At best i would call it a glitch - the question is, were any stops triggered? If stops were triggered then we would expect to see a slower and incomplete recovery rather than the complete recovery in price take a few seconds.

 

[STONE]

Heres a kitco fat sausage finger screw up from a month ago...

[daca]

1 minute ago, STONE said:

Heres a kitco fat sausage finger screw up from a month ago...

I remember that, silver and platinum shoot to the moon and palladium drop like a stone for almost a minute. Gold was not affected by the glitch.

[Abyss]

I have checked my charts and the feed provided by Interactive Brokers no Gold data for the 25th December 2019. On the CME no positions (future & options) put on, taken off, stops or profits targets triggered and no price action in Gold during Xmas day. My charts ignoring 25h December in the same manner as they ignore weekends.