While stocks have been limping higher since around 2am ET (following headlines on an imminent ICBM launch) they remain lower from Friday’s close:

But precious metals the biggest gainers of post-North Korean “hydrogen bomb” testing safe haven flows.

Silver broke above resistance at early June highs to test $18 and the highest levels since April 25th.

But that was clearly not acceptable to someone:

At 0451ET, someone decided it would be an opportune time to dump over a quarter of a billion dollars notional of gold into the futures market…

Taking out the Asia opening low stops. For now the gains in PMs are holding.