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Gold flash spike to $3401

Did it really do that, and I wonder if someone knew and cashed in bigtime only to re-invest it after it dropped back down. If they did, they made some major moola!


A reader asked "How come Yahoo Finance was showing a Day's Range of $1,233.00 - $3,401.50 for gold?" Data glitch or end of month inventory covering? May be linked to the Big China in Little Trouble story over refugee bankster officials, but whatever the reason, I sure liked seeing that gold $3,401.50 number however fleeting it was.


Story from the folks at Urban Survival:

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these graphs don't lie

they are all computer generated.

if you remember, they blamed a 1000 point drop in the dow on somebody "fat fingering" the data.

sure, sure.

a typo.

Congrats.. you got quoted on

Congrats.. you got quoted on

Investors Spooked As Glitch Sends Gold To $3400

Paul Joseph Watson
Prison Planet.com
Wednesday, September 1, 2010


Sign to Dogs: Beware! There are people out there.

"To error is human. To really foul things up, requires a computer"
- Kermit the Frog - 1980, Cartoon posted to IBM Mgt doors

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

fireant's picture

Here's an interesting take. China spending more $ than they

supposedly have, buying commodities like crazy with $:

Something is fishy going on with China, the dollar, and gold too? http://www.321gold.com/editorials/thomson_s/thomson_s_083110...
If this stuff all adds up to China dumping dollars for gold, $3401 isn't out of the question?

Undo what Wilson did

it was most likely an error

it was most likely an error in the data reports .. kitco sometimes has massive errors too ... the computers probably glitched.

we all know it's going to skyrocket .. but it wasn't real. if it was the markets would have tanked 7,000 points in 2 minutes.

besides i have a short in at 19 dollars for silver lol ... hoping to pick up some cheap 18s for the run to 24 in december

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

fireant's picture

Another video from the same youtube channel:

Funny. Jason Touissant, Managing Director of the GLD Trust and principle executive officer World Gold Trust Services, states HIS holdings are physical gold and mine shares.

Undo what Wilson did

SteveMT's picture

I saw that yesterday morning also, and I could not believe it.

I immediately checked APMEX, another site that posts metals prices, and it showed all of a $0.40 increase in the gold price. When I checked back at Yahoo, the spike in gold was gone as if it never happened.

Stranger days are to come. One day soon, it will stick as the economic world crumbles.

I'm glad that you reported on this story. I thought that I was seeing a mirage.



There was a secret gold spike?