Today gold had a big up day after yesterday big down day. Interesting to note that the April Future contract (ZGJ7) high of the day was 703.2$!! . At the same time April Contract at the COMEX (GCJ7) traded not higher then 686.5$. Apparently all buy stop orders at the CBOT where triggered creating a spike up and arbitrage opportunity. This is something that already happened before … Tricks(y) Gold Market
It is amazing that with all the trading algorithms out there no one have come with algorithm to deal with CBOT – COMEX arbitrage. Volunteers?
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