Limit Down

S

ssternlight

Does anyone know how I could find out:

1. How often do metal futures actually lock limit down/up?

2. How often does that occur intraday as opposed to overnight?

Thanks,

Sam
 
Quote from slackeral:

I don't think metals contracts have limits.
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Silly of me not to have checked first. I'll mouse over to ECBOT and see what the specs are.

Thanks for pointing out the obvious...
 
ive been watching silver for 5 years and i'm pretty sure it's only reached the limit ($1.50) once. maybe twice. they were around spring this year. mid april it was down more than two dollars one day. the comex just paused for a few minutes at down 1.50 then reopened and down it went. so it's pretty rare. oh, and the cbot contracts which i believe are more liquid right now than comex have no limit
 
Quote from BoyPlunger:

ive been watching silver for 5 years and i'm pretty sure it's only reached the limit ($1.50) once. maybe twice. they were around spring this year. mid april it was down more than two dollars one day. the comex just paused for a few minutes at down 1.50 then reopened and down it went. so it's pretty rare. oh, and the cbot contracts which i believe are more liquid right now than comex have no limit
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Was the limit hit intraday or overnight? I'm looking at the limit down risk of a portfolio of commodities and trying to assess the black swan frequency and what corrective options are available in the event there is no trading...

I remember cattle going limit down for a few days back when we had the initial mad cow scare. Options were basically useless as they quite effectively priced in the risk -- it almost made me believe in efficient markets. :)
 
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