"The idea has been cooking up inside my head for a long, long time, " King continued.

BBC: Warrington's Matt King is the inventor of the 'Crackit'

Wednesday for the first time since Sept. 7 as traders continued to exit long positions while awaiting the outcome of a meeting of the U.S. Federal Open Market Committee.

FORBES: Comex Gold Eases On Continued Liquidation; Price Dips Below $1,700/Oz