As the dollar suddenly spiked this morning, someone puked over $1.2 billion notional gold futures in the space of one minute, sending the precious metal back below $1200.

In the minute ended at 0845ET, more than 10,000 December gold futures contracts, each representing 100 ounces, changed hands on the Comex in New York.

That amounts to approximately $1.2 billion notional of the precious metal.

Categories: ZH