The FAZ/AGQ spread worked well today moving 2.28% in my favour.  Everyone will have their own theory about the "fat finger" gold sell off this week.  The COT shows a large increase in the bullion house ( HSBC and JPM  short positions ? ) - my theory is that they tried to jam the market down and got caught by a very deep pocket trader ( China ?? ).  I think they have a problem here and we could see them take some big losses on this trade.

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