Nanex Research

Nanex ~ 25-Nov-2013 ~ Gold Futures Halted after Sudden $10 Drop - Redux

About 1,500 Gold Futures contracts traded in one second at 01:02:24 on November 25, 2013 sending the price down $10 and tripping circuit breakers which halted trading for 20 seconds. This sort of thing is happening far too often: see also the drops on April 12, 2013, September 12, 2013, October 11, 2013 and November 20, 2013 which also resulted in trading halts.

1. December 2013 Gold (GC) Futures Trades.

2. December 2013 Gold (GC) Futures Trades - Zoom 1.

3. December 2013 Gold (GC) Futures Trades - Zoom 2.
The 20 second halt shows up clearly.

4. December 2013 Gold (GC) Futures Depth of Book (how to read).

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