"Do you know how many leveraged futures, options, and Forex accounts got totally wiped out by margin calls with a price crash like that? Hundreds of thousands. That's where year-end bonuses came from for dealers at Wall Street firms as counter-parties." You got to take my words for it, because someone from the other side told me literally today after work. Have you ever wondered why gold prices tends to fall suddenly towards a round number just a few days before the end of each month? For the exact reason that those who have the power to move gold prices want most options on gold futures expire worthless month after month.
If today or tomorrow financial media finds some seemingly believable excuses to explain today's gold price crash and tells the world that the market is fair and square, don't believe it. Almost all financial markets (bonds, stocks, commodities, Forex, etc.) are manipulated these days. The fact says they are.
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