Someone sold 56 tons of Gold this morning

GOLD

Someone sold 56 tons of Gold (1.8 Million Ounces) in just 60 seconds this morning. Gold was trading at $1,255 at the time, and the price immediately dropped to $1,235. The exchange is trying to figure out if this was a legitimate sale, or an entry mistake. The price has moved back to $1,246 per ounce based on a weaker U.S. Dollar. At 11am PDT today, Gold is trading at $1,246 per ounce, down $10 on heavy volume.

SILVER

Silver reacted to the drop in the Gold price, reaching a low of $16.42 before moving back up. A weaker U.S. Dollar helped Silver to rally. At 11am PDT today, Silver is down $0.04 per ounce, trading at $16.62 on good volume.