Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Monday, 20 July 2015

Gold flash crash?

Oops, not sure what happened here. 

Some stops being triggered by robotic trading perhaps. 

The AFR reported that the gold price crashed from US$1,132/oz to $1,092/oz in a matter of minutes after 5 tonnes of bullion were unloaded on to the Chinese market. 


US dollar gold prices had already been pushing 5 year lows this week.

The price seems to have stabilised at around US$1,109.