$ Silver $

[SethArb]

fat finger stikes again ...

DEC YI low in asian trading $11.40 ...
DEC ZI low in asian trading $ 11.83 ...

the ecbot should have a failproof mechanism
of their own market makers with their own capital
to have jumped in around $11.85 - $11.90 but this is my humble
opinion I am not a board member only a trader who
does not find it funny even when not in any position
seeing the "hidden" stops triggered by whatever logic
they use to "fat finger" huge slippage for any poor customers
who attempt to use stops ... perhaps these customers
do not use stop limit orders ?

 

[zf trader]

I was just looking at the chart of gold versus silver over at cbot:

http://www.cbot.com/cbot/pub/page1/0,,447 ZGZ06-ZIZ06 2268,00.html?symb=FF&month=1!&year=&period=W&study=&study0=&study1=&study2=&study3=&bartype=Bar&bardensity=LOW

It looks to me that all the ETF buying of silver has run its course and a short sliver long gold trade looks good right now. Any thoughts?

 

[SethArb]

spoof ? or real buying interest ?

I just saw over a thousand ZI bid a few cents lower

around $11.47-$1148 in DEC

its gone now ... but ZI went higher by a few cents

heck everthing ran up again oil ... gold ... silver

 

[illiquid]

That didn't last very long, did it?

Did someone just plow a chunk of change into the crb and then walk away? Very synchronous moves.

 

[niceneasy]

rumours of hazardous materials posioning in l.a... i think that was what caused the spike

 

[romik]

I assume it would not be unreasonable to expect $10 tomorrow or Friday?

 

[Sashe]

only if you long

Quote from romik:

I assume it would not be unreasonable to expect $10 tomorrow or Friday?

 

[romik]

Quote from Sashe:

only if you long

if you long what?

 

[romik]

Quote from romik:

I assume it would not be unreasonable to expect $10 tomorrow or Friday?

Well, I give my estimate until tomorrow, if bids don't start tanking, you have my permission to execute me, not literally of course LOL

 

[Ivanovich]

Wheee....$10.50 is sparked. You know what I love? I love going to all those gold bug forums and reading their take on what is happening. You get a few variations...

1. The folks throwing in the towel, cursing the market and screaming about how they'll be buying their shoes at yard sales in the future.

2. The folks that insist this is the buying opportunity of a lifetime (and will do so all the way down to gold @ $200 and silver @ 4)

3. The folks who claim it's all a conspiracy.

Truly entertaining.