In an otherwise relatively quiet trading session with only the mildest of risk-on tones, gold was something of a standout. The price action came at 9am London time ( just after I posted yesterday’s commentary ) when gold immediately plunged by $20/oz after a huge spike in the volume of orders. It had all the makings of another “fat finger” episode, whether it was selling incorrect volumes, a junior episode or whatever. The interesting thing is that gold did not immediately revert to it pre fat finger level and is still off $11.90 overnight. Mild risk on is consistent with gold lower. European equities closed 0.37% higher (Eurostoxx 600), while US stocks have closed almost flat. The VIX has eased further back into single digit territory.

To mark my 1350th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 87 points yesterday and is now ahead by 782 points for June, having made 1071 points in May, 1376 in April, 1335 in March, 1481 in February and 1734 in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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