There was a near 2% drop in the price of ETFS Physical Gold (PHAU) on Tuesday that didn't appear to correspond with the spot price of gold. The drop happened after a large trade of the ETF for the day (an automatic sell order of 11,000 shares worth around £1.8 million).
According to trading data from London Stock Exchange, a minute later a much smaller investor sold 361 shares for £58,600 at what looks like 1.8% lower than the spot price resulting in the investor losing more £1,000 in the sale. (click on image below to enlarge, the bottom two trades are the ones I'm looking at)
Data from the London Stock Exchange shows that an "ordinary trade" went through at that price at that time. I don't know if that price was available to anyone else. (click on image below to enlarge)
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