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funny ... I guess mr "market profile" was right in this case as "mr market" proceeded this am to touch the lows ( pre-adjustment ) made last night in GC ! :p

here is a funny story on my meeting with me cook a few yrs ago ( I might have told it before here but forgot - am getting on in the yrs !) he told folks in the room with me about a "monkey" (?) trade in the bonds ... how to do it and make money well to be honest ... maybe I should have...

thanks for expressing your opinion have a good night and good trading and health to you in 2007

maybe they could have kept things as they are except maybe they are more concerned with keeping customers "solvent" rather than a few arb's myself included from making every last dime :)

they did what they could ... heck in my opinion they should have raised the low a few $ higher than $656 basis April 07 the only people who lost out on this are those who bought the low prints and held for the bounce the people who were stopped out with major "slippage" got some of...

I always thought "plunging" in market terms might mean 3-5 -10% or more in the red ... so far this is not that ...

the CME probably will be adjusting the low tonight to $656.00 for GC ( April 2007 ) ... thats not perfect ... but I guess within reason CBOT .. not sure what they will do yet for YG ( April 2007 )

I just realized ... shortly after the ECBOT opened this evening YG ( mini gold ) went nuts too ... sheesh ... two different exchanges - different platforms different times ... same result ... a mess maybe the "merger" of CBOT AND CME if approved will result in less of these...

funny ... in the wall street journal today an article says that a gentleman who was with LTCM ( HF ) a few yrs ago had a good day this week nice to know in america ... people get a second chance sometimes to make good :)

based on the "spot market" I wonder if there is a chance an adjustment would be in order or some trades busted .... sheesh ... my hedged position could be "naked" if something gets busted glad it is only a teeny position :eek:

see my post in comex vs ecbot gold thread ... tonight ... nuts indeed !! :eek:

yuck ... and I thought today's afternoon trade in comex and ecbot silver was nuts with a "spike down" to $13.51 and then zipped up to $13.65 tonight in GC ( comex ) trade ( pre - ECBOT open ) a massive "dump" hit the market and then a "spike" higher ... prices all over the place...

hi don , hi lescor do you mind me stating that the open "prints" in SLV seem "off" by a few $$$ this am ? how is this allowed in an "ETF"? that is supposed to track the price of silver ? by my calc. SLV should have opened a few $$ higher :confused:

wow ... looks like a "oops" opening in SLV today come on now ... are they really going to let the sub 142 , 141 , 140 , 139 prints stand ? wish I was logged into my acct then to "cash" in :p

well ... it was not "spoof" only size that needed to get done !

its rollover week in silver perhaps the "shakeout" up or down will wait until this is finished huge size all night long on the bid in may 07 "spoof" or rollover (?) :p

funny ... the article refers to crash in mid oct 2005 well mid oct 2005 in retrospect turned out to be a great spot to buy equities and there was no "crash"

"spot gold " is not traded on any futures exchange some forex dealers and banks offer "spot gold" trading I think a london outfit called -thebullionvault- has a market in "spot" but am not sure if they promote frequent trading

history is littered with cases of traders and their firms being crushed by spreads ... if you want to experiment with a gold silver spread might I suggest you open up a brokerage acct that lets you trade equities and try GLD versus SLV in small scale ... ( i.e. 200 shares GLD versus...

nick ... you can ask for a "security token" from IB however if your concerned about being able to hedge some "open positions" in volatile market conditions if your IB connection was "down" for any length of time then you need to open up at least one other brokerage acct elsewhere...