From ZeroHedge:
Presented with little comment aside to note the surge in gold since Yellen gave markets the all-clear yesterday. It seems someone decided the open this morning was an opportune time to take on half a billion dollars of gold exposure...
And from Kitco:
Where are the Stops? Thursday, June 19: Gold and Silver
Below are today's likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. The asterisks (**) denote the most critical stop order placement level of the day (or likely where the heaviest concentration of stop orders are placed on this day).
See below a detailed explanation of stop orders and why knowing, beforehand, where they are likely located can be beneficial to a trader.
August Gold | Buy Stops | Sell Stops |
$1,289.00 | $1,276.20 | |
**$1,300.00 | **$1,266.50 | |
$1,309.40 | $1,258.00 | |
$1,315.70 | $1,250.10 | |
July Silver | Buy Stops | Sell Stops |
$20.10 | $19.83 | |
$20.25 | **$19.665 | |
**$20.43 | $19.50 | |
$20.50 | $19.435 |
Stop Orders Defined......MORE