Australia’s Perth Mint says gold price smash started on COMEX

Link

USAGOLD note:  Looks like gold’s drop probably the result programmed trading taking advantage of thin weekend conditions in the paper gold market.  As we have noted here, the Shanghai Exchange is physical delivery market in kilo bar form.  For someone to commit to that kind of physical selling, they would have to have the bars in stock, ready for delivery. As Suchecki shows at link above the Shanghai price drop followed the COMEX accelerated trading.