Unrigged Holiday Market Flatulence..........................from Rico

Three months ago, when the US market was closed for Memorial Day, the spot price for Gold jerked $20 higher, and then tanked.

Yesterday, when the US market was closed for Labor Day, the spot market for Gold dropped $6, jerked higher, and then tanked.

BOTH times the US markets were closed. CLOSED for a holiday. There was no trading and the market was illiquid.

Yeah, makes perfect sense to me since the markets are now run by machines, machines programmed by carbon life forms....one of who was clearly (a) in a hurry Friday to start his 3-day weekend, and/or (b) didn't program the holiday into the trading algo, (c) forgot to unplug the machine, or (d) all of the above = forgot to tell the machine the market was CLOSED!

How uber-cool is THAT?

- Nothing screams "unrigged market" like a brainfart of this magnitude.