Silver Plunges As Yen Stop Surge Triggers Margin Liquidation
Not a moment after someone was hit with a massive margin call following the hit of 102 USDJPY stops as we noted moments ago, was that same someone(s) forced to dump a whole lot of silver in thin, no volume trading, sending the precious metal to just over $20, before yet another round of buying programs kicked in, and sent it right back up, allowing those quick enough to capitalize on some foolish macro trader's blowing up to pocket a huge profit before Japan has even woken up.
Thank you Kuroda, Bernanke and co for this total farce of a "market.
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