Tuesday, May 1, 2012

Gold Shakes Off $1.24 Billion ‘Fat Finger’

http://blogs.wsj.com/marketbeat/2012/04/30/gold-shakes-off-1-24-billion-fat-finger/

Still, not everyone agreed Monday’s slip in gold was caused by a keystroke error. Chuck Retzky, director of futures sales for Mizuho Securities USA, said that silver prices suffered a similar leg down at the same time as gold, tumbling 35 cents to $30.805 a troy ounce, but other markets like Treasurys, currencies and stocks were unperturbed.
“To do it both in gold and silver tells me that it wasn’t a trade done in error,” Retzky said. 

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