That's a LOT of bling!

[K Frame]

Someone traded 1.8 million Troy ounces of gold in under a minute today, causing the price to plunge.

https://www.bloomberg.com/news/articles/2017-06-26/gold-plunges-as-1-8-million-ounces-traded-in-a-new-york-minute

Just for the uninitiated, 1.8 million Troy ounces of gold is... 61.7 US tons.

[Perd Hapley]

Stupid Trojans. Guess it's time to sack 'em again.

[Fly320s]

1.6% drop in price.  The market has a funny definition of plunged.

[K Frame]

1.6% drop in price.  The market has a funny definition of plunged.

For gold to go down that much that quickly it was a plunge. It just wasn't long term.

It was relatively transient in that gold recovered by the end of the trading day.

[Perd Hapley]

Just for the uninitiated, 1.8 million Troy ounces of gold is... 61.7 US tons.

By my calculations, that's 3.5 Mr T's.