YG is Dangerous

July YG took a dive to 844 last night, while ZG only went down to 893. Likely because there were no buyers in YG and a stop run avalanche occurred. But where was the arbitrage? I believe this CME contract is faulty. I have heard this can happen in the currency minis as well.

I was long several contracts and got taken out WAY below my stop. I recommend not trading YG. That's the last time I will ever touch it.

-Bryan

YG intraday chart



ZG intraday Chart



This post is from the email of my friend Bryan. I add two intraday charts to show when the "abnormal move" happens. It looks it happens between 3 am and 4 am.