Anyone know if they are breaking those Silver trades
- Thread starter stock777
- Start date
Quote from illiquid:
No all trades will stand
Incredible that those trades in YI at -10% or more didn't get busted.
Personally I noticed it right as it happened, put an order to buy YI but never transmitted it, as I was not sure beyond which price they would get busted by CBOT (i was sure they'd get busted, just not at what level).
YI just stood there at -10% for MINUTES.
that sucks, one reason not to trade the mini, I noticed the big elecytronic contract didn't spike down. Anyway silver seems to go down much faster than it goes up ( one reason i didn't get involved in it and was kicking myself for that until yesterday and today), any explanation for that ?
Oh man, I wish I was trading at that time to have seen the Nikkei at 500, with no bids!!
Keep in mind that when the Dow dropped 500 points that day, people were stunned. There was serious talk by serious people of major brokers not honoring trades and major banks trying to figure out what their exposure to each other was, before trading anything in Asia that night etc etc. People were really scared about a meltdown.
Of course, the world marched on and all the great trades are but a memory.
I think it was a Shearson Tokyo broker who started the buying actually that pushed Nikkkei back up, dont remember 100% though - getting old.
Another interesting factoid, was that diamond prices popped higher quicker than gold.
Of course, the world marched on and all the great trades are but a memory.
I think it was a Shearson Tokyo broker who started the buying actually that pushed Nikkkei back up, dont remember 100% though - getting old.
Another interesting factoid, was that diamond prices popped higher quicker than gold.