Hilarious algo failImagine getting one hour to think about what to do after the Trump speech, and coming up with the idea to sell your only winner (gold futures) at market price immediately after the one hour break, lol. Probably sold it to buy more index futures, lol, morons.
Apparent that is what at least one of the algos did. It looks like all of the algos are desperate for cash right now because gold futures are not tracking spot price. (I posted a plot)
If you bought GLD like I did, look at spot pricing XAU/USD tomorrow, not futures GC1!. We're up over 1% now.